Industry News & Blogs

Hero Cycles Makes MIFA Offer

SANGERHAUSEN, Germany – India’s Hero Cycles has offered to take up as much as an 89 percent ownership stake in troubled MIFA Mitteldeutsche Fahrradwerke AG under a restructuring worth in excess of 32 million euro – a deal that would stave off bankruptcy for the listed German bike-maker and force exi...

Ideal Taiwan and LRM Invest In Ridley Bikes

PAAL-BERINGEN, Belgium – Ideal Bicycle Corp. (Taiwan’s number three maker after Giant and Merida) and Belgium LRM took a stake in Ridley Bikes as part of the recapitalization of the company. “We are excited to be partnering with strong financial and supply chain partners LRM and Ideal Bike,” says Jo...

Designers Present Themselves at Eurobike

FRIEDRICHSHAFEN, Germany – Two remarkable presentations today at Eurobike signal the growing importance of design in the bicycle industry. The Frenchman Philippe Starck and Italian Giugiaro Design both presented their vision on future bicycles and accessories. Philippe Starck was asked by the French...

Business as Usual at Eurobike 2014

FRIEDRICHSHAFEN, Germany – Are we all getting accustomed to the fact that the halls are so crowded that walking is only possible at a very slow pace? Maybe it’s like the traffic issue which seems not an issue anymore. It’s business as usual at Eurobike 2014. Apart from some facts… Like that even mor...

Retail Giant Karstadt Sold for One Euro

ESSEN, Germany – The Austrian real estate investor René Benko acquired the complete Karstadt retail group for one euro. He bought the loss making business from billionaire Nicolas Berggruen who obtained Karstadt four years ago after a bankruptcy. René Benko subsidiary Signa Holding already owner 75....

Knog Adds to the Party With Combination Lock

FRIEDRICHSHAFEN, Germany - Combining the premiums it places on bicycle security and biking safety, accessories maker Knog is adding a combination lock to its product line for 2015. The Party Combo joins the key-locked Party Frank in the Australian company’s range of braided-steel offerings. Coated i...

Register For Tomorrow’s LEVA/AVERA Networking Event

FRIEDRICHSHAFEN, Germany – In close cooperation with its new partner AVERE, the Light Electric Vehicle Association (LEVA) continues its series of networking events at Eurobike. "Last year we welcomed attendees representing no less than 75 battery, motor, controller, testing, and light electric vehic...

Are All Signs Green for Record-Breaking Eurobike?

AMSTERDAM, The Netherlands – With the passing of the Demo Day that, despite some rain, has a successful premiere on the show grounds, the opening of Eurobike 2014 is only hours away. Individual stock listed companies like Shimano, Accell Group and Dorel Industries all reported an upswing in results ...

Accell Group Acquires Spanish Comet

HEERENVEEN, the Netherlands - Accell Group acquired all shares of Comet S.L., market leader in the Spanish market for bicycle parts and accessories. The company has an extensive network in its home market and significant market positions in France and Portugal. Comet is based is the Spanish city of ...

Beautiful Weather Boosts Bike Sector in Germany

FRIEDRICHSHAFEN, Germany – The mood among German dealers at this year’s Eurobike will show a big contrast compared to one year ago. Inventories are cleared and bike sales in Germany was up in the first half of the year and is expected to show growth for the whole of 2014. This morning, at the openin...

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