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Marek Sebek spent the past eight years in senior sales roles at Trek Bicycle in Switzerland. - Photo BFI

Bike Fun International appoints new sales director

KOPRIVNICE, Czech Republic - Marek Sebek has been appointed as new sales director by bicycle manufacturer Bike Fun International (BFI). Prior to arriving at BFI, Sebek spent the past eight years at Trek Bicycle in Switzerland, including a five-and-a-half-year stint as head of sales. Sebek has been tasked with strengthening the position of BFI's brands in the local Czech and Slovakian markets, while growing its presence internationally.

Amslod benefitted from the growth in e-bike sales in the past decade but eventually didn’t make it. – Photo Amslod

Financial27 Dec 24

Amslod files for bankruptcy after chapter 11 status

MEPPEL, The Netherlands - The full extent of the problems in the Dutch e-bike market are becoming increasingly clear with the next insolvency of pure player Amslod founded in 2015. Like Stella E-bike, Amslod started as an online retailer which later opened shops to provide better service, but never became as successful as Stella E-bikes.

At home in Wels, Austria: the two-wheeler giant Pierer Mobility AG. – Photo Pierer Mobility AG

Financial20 Dec 24

Troubled Pierer Mobility hires investment bank to oversee...

WELS, Austria - After motorcycle company KTM AG had to file an application for restructuring proceedings with self-administration at the end of November, its parent company Pierer Mobility AG commissioned Citigroup Global Markets Europe AG on 17 December to reorganise the ownership structure.

BFI operates 10 assembly lines plus one for pre-assembly. – Photos Bike Europe

Production5 Dec 24

Bike Fun International transforms to a more versatile manufacturer

KOPRIVNICE, Czech Republic - The two buildings housing the offices, production and warehouse of Bike Fun International (BFI) are hidden behind the big entry gate of the Tatra truck factory in the Czech Republic. BFI is probably the only bicycle factory which is located in a former test facility for trucks. Founded by a group of Dutch investors in 2001, the company developed into a leading city bike manufacturer based in central Europe, without losing sight on the sports bike market.

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 1128 Nov 24

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.

“Order placement by both retailers and OEM customers remain much conservative, hence affecting sales recovery,” reports Giant Group. – Photo Bike Europe

Financial12 Nov 24

Giant Group sales recovery taking longer than expected

TAICHUNG, Taiwan - Mid 2024 Giant Group's sales trend seemed to have found a way up again, but this turned out to be only a short-lived revival. In July, Giant still expected operations to improve gradually, but the financial report published yesterday of the Q1-3 results show that a full recovery takes longer than expected.