KENT, USA - Accell Group's North American distributor of bicycles and components, Seattle Bike Supply (SBS) will have new management as of May 2013. Greg Blackwell will succeed Chuck Hooper as President of the company.
NIJKERK, the Netherlands - "Over the past two years more than 2,500 SRAM retailers have received training at one of the 5 centers across Europe", says Robert Priest, SRAM's EU Sales Director (middle).
PHNOM-PENH, Cambodia - It's no finalized yet as contracts still have to be signed, but it looks as if another bike maker from Taiwan is setting up shop in Cambodia. It will the 4th one which is to benefit from the duty and quota free status Cambodia made bicycles have in export to Europe.
HELSINKI, Finland - According to Amer Sports' financial statements over 2012 Mavic's net sales increased by 5% from 120.5 million euro in 2011 to 129 million euro last year. Amer Sports is the parent company of Mavic together with brands like Salomon, Atomic, Arc'teryx.
Derby Cycle AG, part of the Pon Bicycle Group, reports a growth in revenue of 17.3% from 114.4 million euro in the prior-year period to 134.2 million euro in the first two quarters of its 2011/2012 fiscal year as of April 30, 2012. Mathias Seidler, CEO of Derby Cycle AG, stated.....
Randy Neufeld, Director of SRAM cycling fund received the prestigious "Cycling Leadership Award" from the Danish Cycling Embassy. He was awarded for his outstanding work in cycling advocacy.
SANGERHAUSEN, Germany - MIFA (Mitteldeutsche Fahrradwerke AG) has successfully concluded its cash capital increase. With a subscription ratio exceeding 99% the popularity among existing shareholders was exceptionally high.
AMSTERDAM, the Netherlands - After launching a completely renewed Bike Europe website last October, we have added further improvements. The navigation remains clear and recognizable and you'll easily find your favorite sections, but now our user-friendly web pages have an updated, brisk and contemporary lay-out.
AMSTERDAM, the Netherlands - After a dramatic spring in the Netherlands with a 38% drop in units, bicycle sales in June stabilized a little bit but still decreased by 7% in units and 3 % in revenues. The average price went down by 5% compared to June 2011.
Mitteldeutsche Fahrradwerke AG (Mifa) has acquired, "All of Steppenwolf's GmbH assets by way of an asset deal through a newly-founded subsidiary, Steppenwolf Bavaria GmbH". On 26 July the German bike supplier Steppenwolf applied for insolvency. Since then operations continued. Both the company management as well as the receiver handling the insolvency procedures were optimistic to find an investor. And they did.
Rumours were already going round at Eurobike last September. Now it's officially confirmed: French holding Oxylane - among others parent company of the sporting goods giant Décathlon - acquired a 25% stake into German high-end bike supplier Storck Bicycle GmbH. A share majority of investor Oxylane is in the hands of Association Familiale Mulliez (AFM in short), one of the richest families in France.
On the first day of 2012 German e-commerce company Internetstores AG announced the take-over of Fixie Inc. On November 23 this icon single-speed brand announed to cease its operations by the end of 2011 due to disappointing sales.
The Pakistani bicycle production is under heavy pressure facing a huge overcapacity. In 2011 the total production declined by more than 25% to 284,865 units related to 2010. In 2006 the Pakistani bicycle industry still had an output of 449,400 units while the total capacity is 1.45 million bicycles per year.
The Transworld Bicycle Company Ltd (TWBC), part of the Meghna Group, received the National Export Award of the Government of Bangladesh. In the category 'Light Engineering Products' it gained the National Export Trophy (Silver).
The bike sector didn't stop while you were enjoying your vacation. To bring you fully up to date scan these 10 top stories at bike-eu.com which were published in the past two weeks.
ZenS Holding took over a part of the activities of Twinny Load, manufacturer of bicycle carriers. This take-over does not include production.
Montone Cycling is the new owner of the Dutch bicycle brands BeOne and Montego. "This take-over allows us to focus again on our core business: the international trading in bicycle parts and components", said Maurice Blom (photo), GM of Blomson International, former owner of the two bike brands.
Electric drivetrain supplier Clean Mobile AG applied for insolvency beginning February. According to the receiver, Dr. Christian Gerloff from the Munich based law firm Ott Gerloff, Clean Mobile has a good chance to survive. Therefore operations are continuing.
Established in 1926 Dawes is one of the UK's most renowned bicycle brands. With a proud heritage synonymous with quality, attention to detail and style the Dawes Heritage, Touring and Touring ranges deliver to these criteria.
According to the study "Bicycle industry focus 2011" by the German dealer association VSF, the country's bike market is expected to grow by 3.65% in turnover year-on-year between 2012 and 2015. During the last two years the turnover in bikes among the VSF 'premium' dealers increased 9.4%. These and other figures were revealed at the press conference of the Vivavelo congress which is taking place in Berlin yesterday and today.
