Economic and inventory woes push Schwalbe turnover down 30%
REICHSHOF, Germany - Tyre manufacturer Schwalbe has reported a turnover of €237 million in 2023, down 30% from a record year in 2022. Dampened...
REICHSHOF, Germany - Tyre manufacturer Schwalbe has reported a turnover of €237 million in 2023, down 30% from a record year in 2022. Dampened...
HEERENVEEN, the Netherlands - The appointment of the new Chief Financial Officer (CFO) Gijsbert van Zoeten is Accell Group's next step in an attempt...
TAICHUNG, Taiwan - A huge increase in bicycle sales in China could not compensate for the weak demand of entry to mid-level products from both North...
WOKING, UK - The restart of VanMoof after the bankruptcy last summer had to come with a drastic change in strategy. VanMoof's new owner McLaren...
HEERENVEEN, the Netherlands - The financial situation for KKR owned Accell Group is becoming increasingly challenging. A group of lenders decided to...
REDDITCH, England - In a trading update Halfords Group announced to expect a significant drop in like-for-like revenue growth in its retail business....
BERLIN, Germany - Bicycle production and sales in Germany attained very high levels in 2023, comparable to the bicycle boom in 2020. Despite the...
PRAGUE, Czech Republic - Early in 2023, the Czech market already reported full warehouses and uncertain sales conditions. This pattern continued...
ZEIST, the Netherlands - "The market is returning back to a normal situation of pre-2020." This is a much heard comment on the current disruption of...
AMSTERDAM, the Netherlands - The Dutch market saw a slight decrease of 6% from 833,366 units in 2022 to 804,101 units last year. Thanks to a higher...
KOPRIVNICE, Czech Republic - Bicycle manufacturer Bike Fun International (BFI) has appointed René Gasser as its new CEO. He will take over the...
ERKRATH, Germany - When e-bikes began to make a market entrance, global brand Giant determined that innovation in integrated in-house technologies...
LUDHIANA, India - Indian bicycle OEM HMC Hive, a Hero Motor Company, has forayed into contract manufacturing with the signing of a €33 million...
WELS, Austria - Pierer Mobility Group warns for more consolidations and job losses in its bicycle and e-bike division in the year ahead in its...
TAICHUNG, Taiwan - Operating a production facility in Taiwan and Vietnam, plus service centers in Italy and the United States, Glory Wheel (GW) has...
TAICHUNG, Taiwan - In 2022 and 2023, the Marwi Group embarked on a journey towards environmental sustainability. "We are ambitious," says Marwi Group...
BRUSSELS, Belgium - The European Parliament's Transport Committee and EU ambassadors adopted the European Declaration on Cycling during a meeting on...
MADRID, Spain - Bicycle manufacturing in Spain was well on track last year. Official statistics show a decrease in 2023 compared with 2022. However,...
The Taipei International Cycle Show is always a good moment to take stock of the market situation, but this year 'Taipei' prepares the business to...
Sustainability is becoming increasingly integrated into business practices in the bicycle industry. Be it at a manufacturing, distribution or company...
In a competitive market, drive system manufacturers have focused on various strategies during 2023. Development has focused on both an optimal riding...
In recent years an increasing number of bicycle companies have opted for close to market production in Europe. Spurred on by the need for a...