Industry News & Blogs

ZEG Bike Show Celebrates Return to Köln Messe

COLOGNE, Germany – “We are glad to be back in our home town with our own bike show,” said ZEG CEO Georg Honkomp in his opening speech at the ZEG Bike Show earlier this week. He also announced that the German dealer cooperative’s revenue passed the € 0.5 billion mark in 2013. For five editions, the Z...

Brompton Goes Dealer-Direct

LONDON, UK - London based folding bike manufacturer Brompton changed its distribution model in its key European markets. The company looks to expand the export side of its business further and goes dealer-direct. The departure from the existing distributor-dealer model takes place now at Brompton Bi...

‘Mr. Flyer’ Kurt Schär Resigns from Biketec AG

HUTTWIL, Switzerland - Kurt Schär, former CEO and co-founder of Flyer’s e-bike manufacturing company Biketec AG, kept his word after he handed over the management of the company to Simon Lehmann last March. Following the management change in March, Kurt Schär remained member of the Board of Director...

Cycle Force Group Doubles 3PL Warehousing

AMES, USA - Cycle Force Group, based in Ames, Iowa, is expanding its dedicated Third Party Logistics (3PL) bicycle and parts warehouse for third party logistics. The new space will provide an additional 1.28 million cubic ft. equaling nearly 2 million cubic ft. "This expansion will increase the effi...

E-MTB’s Are Sales Hit; Says Accell Group

AMSTERDAM, The Netherlands – The at last year’s Eurobike presented e-MTB’s by Haibike proved to be a success. This stated Accell CEO René Takens at last Friday’s press conference on the holding company’s half year results. Accell sold 14% more e-bikes during the named period. Currently Accell Group ...

Specialized Expands Turbo E-bike Line

MORGAN HILL, USA – Two years after Specialized entered the e-bike market with the high speed Turbo the Americans are taking the next step on this growth market with the launch of two 25 km/h e-bikes. Specialized has introduced two 25 km/h e-bike with similar styling like the Turbo. Including the pre...

Decathlon Expanding Rapidly in India

NEW DELHI, India – The store count of the French company Decathlon is growing quickly in India. Only a few years ago the company had a marginal presence. But recently it opened up stores in all parts of the country. Currently Decathlon operates 14 stores in Chandigarh, Ludhiana, Mohali, Delhi NCR, A...

Zimberoff Moves Onto Senior Management Role at SRAM

CHICAGO, USA - SRAM’s President Stan Day announced the expansion of SRAM’s Senior Management to include a dedicated role of Vice President of Marketing. David Zimberoff will take on that role immediately. "The addition is expected to provide better visibility and coordination for what is becoming in...

Former Road Racer Heads Vredestein Two-Wheel Tyres

ENSCHEDE, the Netherlands - Michael Marx has been appointed as the new divisional head of Vredestein Two-Wheel Tyres. The former world champion in team pursuit has a broad experience in the bike business. Marx previously managed, among others, the Two-Wheel Tyre division of Continental and was inter...

Accell Group First-Half Year Net Profit Up 13%

AMSTERDAM, The Netherlands - Accell Group NV announced earlier today that it recorded a net profit of € 27.5 million in the first half of 2014, a rise of 13% compared 2013. Turnover was up 4% to € 506.2 while operating profit rose by 7% to € 38.2 million. CEO René Takens noted: "We enjoyed a good fi...

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