Business

Partnerships, acquisitions and investment news throughout the cycling industry

Velobrands to distribute Arisun tyres in UK

Velobrands is to distribute Arisun bicycle tyres in the UK. The Arisun range includes tyres for road, off-road and urban cyclists with a particular focus on budget to mid-price products. Velobrands is known for distributing Kask, Juice Lubes, Supacaz and Chapeau! amongst others. Arisun will only be available in independent …

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OnBuy closes Series A funding round

UK-based e-commerce business OnBuy is set to launch globally this summer after securing a £5 million investment. OnBuy’s founder and CEO Cas Paton is projecting the business to be turning over £2 billion in sales by 2024. Following a 1,100% sales increase in the past year, and now closing this …

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Halfords reports surge in cycling sales

Halfords has reported strong growth in cycling sales during the COVID-19 lockdown. Group sales for the 13 weeks to 3rd July were down 2.8% compared to last year and down 6.5% on a LFL basis, “significantly better” than anticipated in late-March, Halfords said, and an improvement on the 23% LFL …

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Cycleworks sells shop in Petersfield

Cycleworks has sold its last shop in Petersfield to East Street Cycles, which will continue as Hoops Velo. Cycleworks started in 1995 and was acquired by Chris and Sally Goble in 1999. The company grew to have four shops in Leatherhead, Haslemere, Guildford and Petersfield. Over the last four years, …

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Comet to exclusively distribute Met and Bluegrass in Spain and Portugal

Comet and Met have signed an exclusive contract to start distributing Met and Bluegrass helmets, protections and gloves in Spain and Portugal. The full range will be available at Comet from 1st August. “We are very happy to work with Met in Spain and Portugal,” said Jose Luis Pardo, managing …

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Zedify raises over £300,000 from private investors

Zedify has announced the completion of its first external funding round, having recently raised over £300,000 from a group of private investors led by Green Angel Syndicate (GAS). Antoine Pradayrol, director and analyst at Green Angel Syndicate, who joins the Zedify board as investment director, noted the work Zedify has …

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Continental combines special-purpose tyre segment into new business unit

Continental is combining its global activities in the special-purpose tyre segment. Effective 1st July, the business areas of Commercial Specialty Tyres, Two Wheel Tyres and Hoosier Racing Tyre are combined in a new “Specialty Tyres” business unit. As a result, from now on the entire Continental specialty tyre business will …

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MBC to take reins of Deuter bike

The Mountain Boot Co (MBC), distributor of Deuter packs, will transition to manage the distribution of the brand’s bike category, taking the reins from its long-standing sub-distribution partner i-ride, effective from 1st August. Supply of the SS20 season will continue to be serviced by i-ride up to the 31st July. …

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Boyd Cycling on “upward trajectory”

Boyd Cycling has been on an “upward trajectory”, expanding distribution with Hawley Lambert Cycling, hiring SpinCycle Brand Management for OEM sales and adding inside sales staff. In November, Boyd Cycling hired SpinCycle Brand Management, headed up by cycling industry veteran, Kendall Young, to manage OEM sales and broker US distribution. …

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BikeBiz July edition is now available

The digital edition of BikeBiz July is now available. Our latest issue looks at sustainability and diversity in the cycling industry, catches up with USE, FFWD, Gocycle and ArmaUrto, and looks at COVID-19 will impact high streets and the way we travel in the UK. This month’s sector guides are …

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