Larry Pizzi has been serving the bicycle industry in multiple roles since 1978. – Photo Bike Europe

Larry Pizzi appointed CEO at US e-bike retail chain Pedego

FOUNTAIN VALLEY, USA - Pedego, the largest chain of e-bike stores in North America, has announced the appointment of Larry Pizzi as its new chief executive officer (CEO) and member of the Board, effective November 18, 2024. Pizzi joins the company with over 20 years of operational leadership experience in the cycling and outdoor industry, succeeding Brian Stech. In addition, Cliff Moskowitz will be joining the Pedego Board of Directors.

myStromer is the second well known e-bike brand to pull out of the US market recently. – Photo myStromer

Leading e-bike brands discontinue North American business

OBERWANGEN, Switzerland - Yamaha was the first e-bike brand this month which announced it was pulling out of the US market due to oversupply and slow demand. It turns out that the Japanese are not the only one. myStromer AG also announced it will discontinue its business in the US and Canada with immediate effect.

American company Fox Factory Holding Corp. is best known for its Fox Racing Shox brand of off-road racing suspension components. – Photo BRPH

Fox Factory's long suffering bicycle products bounce back in Q3

DULUTH, USA - It's not only the inclusion of recently acquired Marucci Sports' revenue boosting up suspension expert Fox Factory Holding Corp.'s Sports Specialty Sports Group (SSG) third quarter sales. SSG's bicycle product sales under the Easton Cycling, Fox, Marzocchi, Race Face, Ride Concepts brand names are also impressively bouncing back.

“As an industry we need to step forward to create new business models, otherwise we are disrupted by others,” says Tern team-lead Joshua Hon. – Photo Bike Europe

Tern team-lead Joshua Hon: 'The industry needs other business models'

TAICHUNG, Taiwan - Folding bikes stood at the heart of Tern Bicycles when the company started in 2011. However, over the years, they have evolved into a supplier of transportation bicycles in any kind of form. "We even created the new category compact cargo bikes, which are in our vision more practical in future cities," says Tern team-lead Joshua Hon.

The main purpose of the acquisition for Giant Group is to expand their business footprint in the indoor cycling field. – Photo Stages Cycling

Giant Group acquires Stages Cycling

TAICHUNG, Taiwan - Giant Group has announced the takeover of Stages Cycling from its owner companies, some of which filed for Chapter 11 bankruptcy protection in June. Giant Group's US subsidiary, SPIA Cycling Inc. finally got hold of Stages Cycling with a winning bid of US$20.1 million (€18 million).

“Expanding into Europe is the next logical step for us,” says Yeti CEO Chris Conroy. – Photo Chris Conroy.

Yeti expects market normalisation by the end of 2025

HAUSHAM, Germany -American cult brand Yeti has announced the opening of a European office in Germany. "Expanding into Europe is the next logical step for us as we have seen a lot of growth over the last decade," says Yeti CEO Chris Conroy. Founded in 1985, Yeti Cycles makes race-bred, obsessively engineered, masterfully crafted mountain bikes.

  1. Fox Factory Holding reports 52% bicycle sales increase in Q2-2024
  2. Can US e-bike sales reach 50% market share by 2030?
  3. Babboe recall only now officially extended to USA and Canada
  4. Selle Royal Group integrates North America in global OEM strategy
  5. Fox Factory management purchases $498,375 worth of company stock
  6. US parts supplier Wren Sports extends presence across Europe
  7. US e-bike market threatened by 25% tariff on lithium-ion batteries
  8. Fox Factory Q1 bicycle sales drop partially offset by acquisition
  9. US industry discuss challenges at Bicycle Leadership Conference
  10. Kona Bicycles owner appoints new CFO amidst Sea Otter confusion
  11. US authorities soliciting industry comments on e-bike safety
  12. E-bike fires unites US Congress in vote for battery safety legislation
  13. Tern builds up senior management team as investment in future
  14. CES - Las Vegas becomes an e-bike industry platform
  15. Shared mobility provider Bird enters voluntary Chapter 11 in US
  1. Harley Davidson e-bike project Serial 1 acquired by LEV Manufacturing
  2. Commsignia develops Bike2X device for e-bikes and micromobility
  3. Arevo stops 3D-printed SuperStrata bike production
  4. Walmart explores bicycle sourcing in India
  5. US e-bike sales tip 1 million mark as reliance on Chinese imports continues
  6. US bicycle industry calls for federal funding to support growth
  7. Time Bicycles invests $6.5 mln to build carbon fibre bicycle factory in US
  8. Giant Group takes minority stake in Stages Cycling
  9. Global e-bike brands gather in Las Vegas for 'back to normal' CES
  10. Electronics brand RCA enters the e-bike market with CES launch
  11. US authorities calls on e-bike manufacturers to comply with safety regulations
  12. Rethink needed for US bicycle industry as 'golden age of globalisation' ends?
  13. David Zimberoff changes SRAM for World Bicycle Relief
  14. SRAM diversifies into new business outside cycling industry
  15. Shakeout imminent in US bicycle retail?