Matt Jones on the Helfare x Shimano Line at Caersws Bike Park. Photo: Dan Griffiths / Madison.Sponsored
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Business

Sponsored Sustainable pathways: Shimano shares vision for safer MTB trails

It's no secret that cycling in nature has its benefits, from getting fresh air to improving one's overall health. But proper mountain bike trails don't just appear by themselves. They take careful consideration and planning. That's why Shimano has pledged a sum of 10 million USD to global trail building projects over the next 10 years.

John Zopfi (r.) the new chief commercial officer at Gravaa and CEO Gertjan van Ginderen (l.). – Photo Gravaa
People

Gravaa appoints new chief commercial officer

EINDHOVEN, the Netherlands - Adaptable tyre pressure technology firm Gravaa has ap-pointed John Zopfi as its new chief commercial officer. With more than 20 years of experi-ence in outdoor and cycling industries, Zopfi took up the role earlier this month after spend-ing the past six years at 7mesh Industries where he most recently served as general manager for global wholesale.

“I wanted to bring fashion and style into this product category,” says Tex-Lock CEO and co-founder Alexandra Baum. – Photo Bike Europe
Innovations & products

'Locks should be more than just a safety feature'

LEIPZIG, Germany - For Tex-Lock a bicycle lock is not just that standard heavy weight safety device in black that needs to be used by any cyclist to protect their bike. "I wanted to bring fashion and style into this product category but also improve the usability," says Tex-Lock CEO and co-founder Alexandra Baum. "Locks needed a soft feeling instead of bulky steel."

The current market situation in combination with full warehouses stood as the basis for the financial problems at Advanced Bike. – Photo Advanced Bikes
Insolvency & Chapter 11

Advanced Bikes files for insolvency proceedings

OFFENBACH, Germany - Rumours had been swirling recently that another Germany e-bike manufacturer was facing financial problems, and this was confirmed yesterday when Advanced Bikes GmbH officially filed for insolvency. This insolvency reflects the problems the European industry is currently facing.

Taiwan’s second largest bicycle manufacturer Merida’s Headquarters in based in Dacun Township in Changhua County. – Photo Merida
Financial

Merida revenue recovers but profit lags behind

CHANGHUA, Taiwan - In the first three sales quarters of the current 2024 financial year Taiwan's second-largest bicycle manufacturer Merida Industry Co. Ltd. generated total revenue of TWD 23.8 billion (€695 million). Compared to the first nine months of the previous year, this is a good increase of 5.8% in a persistently difficult and challenging environment.

hGears manufactures high precision parts and components and has counted Bosch, Oli e-bike systems, ProscheEP and Valeo as clients in the E-bike segment. – Photo Bike Europe
Financial

hGears' e-bike business segment suffers from sluggish destocking

SCHAMBERG, Germany - High-precision transmission parts and components manufacturer hGears AG continues to suffer not only from the automotive crisis, but also from the e-bike business segment's sluggish destocking. In the first nine months of the current 2024 financial year, it had to digest its biggest sales drop.

  1. Bike24 retains upward sales trend in e-commerce during Q3
  2. Wilier Triestina expands in Asia to capitalise on growth in race segment
  3. Giant Group sales recovery taking longer than expected
  4. Stella eyes restart as e-bike brand is declared bankrupt
  5. Fox Factory's long suffering bicycle products bounce back in Q3
  6. Accell Group secures support of creditors for recapitalisation
  7. Weather and market conditions continue to challenge Halfords
  8. Decathlon partners with Rebike Mobility for more circular e-bikes
  9. Tern team-lead Joshua Hon: 'The industry needs other business models'
  10. Buycycle adds pre-owned components to its online marketplace
  11. Accell Group sees rating drop at Moody's due to current debt concerns
  12. Swapfiets future-proofing its bicycle fleet with circular components
  13. Pierer Mobility scales back market outlook for 2024
  14. Optima Cycles acquires e-cargobike brand Dolly Bikes
  15. Tenneco sells suspension expert Öhlins Racing to Brembo
  1. Rebirth Group CEO: "A new 4.0 factory will be established in 2026"
  2. Onomotion slips into insolvency as sales slump creates financial bottleneck
  3. Felt Bicycles still part of Pierer Mobility but now operating out of Barcelona
  4. Pon.Bike invests in innovative bicycle lighting with Ziemi
  5. Buycycle pushing the evolution of the second-hand bike market in Europe and US
  6. Simplon applies for Chapter 11 status as restructuring procedures continue
  7. Criminal investigation into Babboe comes to an end
  8. Long-running patent dispute between FSA and Miranda concluded
  9. Qwic owner EcoMotion saves cycling gear brand AGU from downfall
  10. Revonte CEO on why their drive system failed in a thriving e-bike market
  11. Merida takes over distributor Merida & Centurion Germany
  12. Start-up Skarper bags another €5.1m for e-bike conversion kit launch
  13. Cowboy raises €5 million in new investment round
  14. JobRad expands into Belgium and the Netherlands with take-over of Cyclis
  15. Ideal Bike on the road to recovery after restructuring financial losses