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Orbea continues its strategy into 2024 with new product introductions in the urban mobility and light electric bike category. – Photo Orbea

Orbea reports 'strong progress' despite decrease in turnover

MALLABIA, Spain - The turbulent 2023 market conditions with instability, excess supply and widespread discounting among competitors that deteriorated...

Although not sold as a complete package, the appointed insolvency administrator was at least able to find future solutions for all relevant bicycle and outdoor/camping platforms once operating under the umbrella of Internetstores Group. – Photo Jo Beckendorff

Internetstores insolvency finalised as future of key assets are...

MUNICH, Germany - After quickly realizing not to be able to find a buyer for the entire insolvent Internetstores Group the appointed insolvency...

The challenges currently faced by the bicycle industry are not exclusive, but rather common for every industry supplying consumer markets. – Photo Ralf Kindermann

'Bicycle industry still highly attractive for investors'

ZEIST, the Netherlands - The combination of economic and political challenges created difficult times for the international bicycle industry....

The production of Bafang e-drives is subdivided into three categories: hub motors, mid-motors and integrated wheel motors. – Photo Bafang

Bafang financial performance tempered by drastically declining exports

SUZHOU, China - For e-drive manufacturer Bafang Electric (Suzhou) Co., Ltd, 2023 was a very challenging year. According to the company's financial...

Slipped into insolvency: Austria’s bicycle and e-bike contract manufacturer WSF Bicycle Technology GmbH. – Photo WSF Technology

Austrian bicycle manufacturer WSF Technology insolvent

REGAU, Austria - Contract manufacturer WSF Bicycle Technology GmbH applied for insolvency on 24 April. The challenging market situation in the...

“Our mission is to be the most desirable bicycle brand in the world,” commented Nicola Rosin, CEO of Colnago. – Photo Colnago

Colnago reports sales hike and drop in inventory

CAMBIAGO, Italy - 2023 has been a very good year for Colnago Ernesto & C. S.r.l. looking at the publication of their 2023 financial report. The...

Due to drastic market changes since early 2022, Kona, could not live up to the high expectations for Kent Outdoors. – Photo Kona Bicycles UK

Kona for sale as owner prefers not to wait for market recovery

PARK CITY, USA - Only two and a half year after the three founders sold Kona Bicycles to Kent Outdoors, the new owner has put the iconic Canadian...

Shimano reports that supply and demand adjustments continued, and market inventories remained high globally. – Photo Shimano

Shimano reports weak sales while outlook remains slow

OSAKA, Japan - Bicycle component manufacturer Shimano reports that demand for bicycles continued to be weak at the start of the year. In the first...

Founded in 1988, Kona is known for its mountain and cyclocross bikes. – Photo Kona

Kona Bicycles owner appoints new CFO amidst Sea Otter confusion

PARK City, Utah - Kona Bicycles was a noticeable last-minute absence at this week's Sea Otter event in California. The brand pulled down their booth...

Besides strong brands such as Gazelle in the Netherlands performing well, Pon continued to explore new opportunities in 2023, such as the partnership with Volkswagen Financial services to expand opportunities in the bike leasing segment. – Photo Bike Europe

Pon declares 'robust' 2023 performance despite bike market correction

AMSTERDAM, The Netherlands - Following a historic year in 2022, the bike division of Pon Holdings has reported a 5% drop in 2023. Referring to the...