Business

Partnerships, acquisitions and investment news throughout the cycling industry

WiggleCRC enters consultation period on County Antrim warehouse operations

WiggleCRC has entered a consultation period for the proposed consolidation of its warehouse and bike build operations in County Antrim. After careful consideration from the Group, the consolidation has been proposed in an effort to increase efficiencies between Wiggle and Chain Reaction Cycles (CRC), who form the Group. The consolidation …

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Sigma Sports opens new store in Oakham

Sigma Sports has today opened a new store on Oakham’s South Street. Occupying 4,000 sq ft spread across two floors, the store offers a range of premium brands from across the road cycling, MTB, triathlon and run categories, including Specialized S-Works, Pinarello, Cannondale, Trek, Castelli, Assos, Wahoo and On Running. …

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VanMoof raises $40 million to further capitalise on e-bike boom

VanMoof has announced a $40 million investment from Norwest Venture Partners, Felix Capital and Balderton Capital. The Series B financing comes after a $13.5 million investment in May and bolsters VanMoof for further global expansion, giving the company a stronger e-bike market share in North America, Europe and Japan. The …

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Government launches ‘bounce-back’ plans for consumer and retail industry

Exports minister Graham Stuart MP has announced a series of new measures to support businesses in the consumer and retail industry to export overseas as part of efforts to help the sector recover from COVID-19. The new measures will offer immediate support to businesses by ensuring specialists provide advice on …

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Bosch eBike Systems to begin 11th season of retailer training this year

Bosch eBike Systems is set to begin the 11th training season for retailers on 12th October. With more than 320 dates in 14 countries, and for the first time also in the Czech Republic, e-bike retailers will be able to expand their knowledge about the Bosch eBike Systems product range, …

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Oxford partners up with Citrus-Lime to support independent retailers

Oxford Products is partnering with Citrus-Lime through the Supplier Integration Module (SIM). SIM ensures that data is accurate and up-to-date on an ongoing basis, speeding up the processes that use supplier information. This means less time is spent in front of a computer screen on product admin, minimising the cost …

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Wattbike secures £11.5 million investment

Wattbike has received an investment of £11.5 million from Piper, to help support its forward growth plans. The business is forecasting total sales in excess of £21 million in 2020 and has seen particularly strong growth in recent months, with sales orders rising 192% year-on-year in April. Based in Nottingham, …

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Halfords sees electric bike and scooter sales up 230%

Halfords has released its trading update for the 20-week period to 21st August, with cycling like-for-like revenue up 59.1%. There was growth across all product categories, the retailer said, with an increase of 76% in Halfords’ performance cycling business, Tredz. Sales of new products were up 114% in the period, …

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Silverfish appointed exclusive UK and Ireland distributor for Peaty’s

Silverfish has been appointed as exclusive UK and Ireland distributor for Peaty’s. Peaty’s product range includes Foaming Drivetrain Degreaser, LoamFoam bike cleaner, LinkLube chain lubricants, XXX Solvent Degreaser, PT17 maintenance spray, Tubeless Sealant, rim tape, tubeless conversion kits and valves. The range is available to order now. “With lots of …

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Activate Cycle Academy’s new Cytech training facility opens

The new cycle mechanics training facility at Merrist Wood College in Guildford has opened, with courses being delivered from today. The new workshop, managed by Cytech training provider Activate Cycle Academy (ACA), will deliver cycle maintenance training to the bicycle trade across the South of England. Matt Grant, sales and …

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