Read all about Signa

What might turn into an asset sale, some bidders have expressed an interest in the six stationary Fahrrad.de bicycle stores in Germany. – Photo Internetstores

Future of Internetstores Group hangs in balance as no buyer steps...

BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim...

After a challenging year are brighter times ahead for the bicycle industry in 2024?

Is there light at the end of 2023?

ZEIST, The Netherlands - In contrast to recent years where the 'best read' items on Bike Europe were related to high-level investments and buoyant...

Although several names were mentioned as potential investors for WiggleCRC, it has turned out to be difficult to find a new owner in the short term. – Photo WiggleCRC

WiggleCRC closes international webshops

PORTSMOUTH, UK - Recent developments at WiggleCRC have taken a dramatic course as the company announced it will close down all its international...

Black Friday has already started at Chain Reaction Cycles. – Photo Chain Reaction Cycles

Next insolvency announced in unfolding Signa Sports drama

BERLIN, Germany - The inevitable announcement of the end of online retail giant Signa Sports United N.V. has come after a period of endless...

E-commerce specialist Internetstores has now officially filed for insolvency at Stuttgart District Court. - Photo Internetstores

As Signa Sports crumbles bicycle entities drop like dominos

BERLIN, Germany - A dramatic domino effect is taking place within the financially troubled Signa Sports Group which is having huge implications on...

The financial problems at Signa Sports United are overshadowed by the even bigger issues at Group level. – Photo Signa Sports

Signa Sports' problems not only related to cycling industry issues

BERLIN, Germany - The latest report on the financially troubled Signa Sports United are overshadowed by the even bigger issues at its largest...

The online vendor did not reveal which of its businesses, bike, tennis, outdoor, or team sports, is facing the biggest problems. – Photo Signa Sports United

Signa Sports United takes drastic steps to face economic headwinds

BERLIN, Germany - Online vendor Signa Sports United is taking instant action to face continuing macroeconomic headwinds, oversupply in the market and...

“I am very motivated to contribute to the further development of SSU's future growth,” said Ton Anbeek after his appointment to the board of directors at Signa Sports United. – Photo Bike Europe

Signa Sports appoints former Accell Group's CEO Ton Anbeek to board

BERLIN, Germany - The appointment of former Accell Group CEO Ton Anbeek to the board of directors will help Signa Sport United to elevate its online...

Sports e-commerce vendor Signa Sports United is currently looking to clear excess inventory, putting significant pressure on gross margins and cash flow. – Photo Shutterstock

Sales drop for online vendor Signa Sports United

BERLIN, Germany - Bicycle, outdoor and team sports e-commerce vendor Signa Sports United reports a year-on-year 23.5% sales-drop down to €195 million...

Torsten Waack van Wasen now takes the helm at Internetstores. – Photo Jo Beckendorff

Internetstores appoints new CEO, Max Heimann is out

BERLIN, Germany – Following a brief stint as CEO of Internetstores GmbH, Max Heimann has left the parent company of Fahrrad.de, Bikester, etc. at his...