News

MIFA Applied for Insolvency in Self-Administration

SANGERHAUSEN, Germany ��� Yesterday-morning, the Mitteldeutsche Fahrradwerke AG (MIFA) announced the loss of half of its registered share capital. In the afternoon MIFA declared that it had applied for insolvency in ���self-administration���. Insolvency in 'self-administration' is a special German legal f...

Behind the Scenes of MIFA’s Insolvency

FRANKFURT, Germany ��� Yesterday���s happening at MIFA of course spurred a sharp reaction of MIFA���s rating on the Frankfurt stock market. The value of the MIFA shares dropped severely; again. Since MIFA's serious problems were communicated in the first quarter of 2014 the rating of the company dropped s...

Bosch and Shimano Stop Service Partnership

REUTLINGEN, Germany ��� Bosch eBike Systems is ending its service cooperation with Shimano Benelux for the Netherlands, Belgium and Luxembourg. As of 1 November 2014 Magura will handle all service issues directly and does this now for all European countries except Switzerland. Before Bosch shifted to ...

Wiggle’s New Warehouse Triples In Size

WOLVERHAMPTON, UK - Online retailer Wiggle will move its operation 275 kilometets up north from Portsmouth in their search for more warehouse space. The new distribution centre will measure nearly 100,000 square meters. "The move demonstrates Wiggle's continuous growth and ambition," said Nicholas P...

September Edition Now Online Available

AMSTERDAM, The Netherlands ��� Bike Europe September 2014 edition is now online available at bike-eu.com. This issue contains these stories and more: Show review 23rd Eurobike: All bikes categories getting electrified Interview: Baltic Vairas' Dirk Zwick on: Frame production in Lithuania Lat...

Correction On Meghna & Selle Bassano Deal

AMSTERDAM, the Netherlands ��� In yesterday���s newsletter Bike Europe incorrectly announced that Meghna Group and Selle Bassano have entered into a joint venture deal for making saddles and bike bags in Bangladesh. "There is no agreement, no joint venture and no collaboration between Selle Bassano...

Halfords: Explosion of People Rediscovering Cycling

REDDITCH, UK ��� Following an unprecedented year of growth for its cycle business and an ���explosion of people rediscovering cycling��� in the UK, Halfords is opening its first new cycling-only store format. Halfords UK (operating completely independent from Halfords NL) reported a 21.3% increase in its ...

Meghna & Selle Bassano Enter Joint Venture Deal

DHAKA, Bangladesh ��� Meghna Group and Selle Bassano have entered into a joint venture deal for making saddles and bike bags in Bangladesh. According to a local newspaper report the agreement was signed at last month���s Eurobike. Meghna will own 70 percent, while Selle Bassano the rest of Selle Bassano...

Dutch Gazelle Fights Online Price Dumping

AMSTERDAM, the Netherlands ��� Gazelle announced that it will uphold its dealers to the condition in its contract with respect to the name of their webshop domain name (URL). From 1st of July 2015 onwards Gazelle will hold its dealers to the conditions in their contract that the URL of the webshop has...

Shimano Gives Cycling Advocacy Stronger Voice

BRUSSELS, Belgium ��� Shimano joined the Cycling Industry Club; the bike industry���s advocacy initiative. Agreements were signed today and with this the biggest company in the business contributes significantly in giving cycling advocacy a stronger voice. Shimano enlisted as a member of the Cycling Ind...

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