Business

Partnerships, acquisitions and investment news throughout the cycling industry

Pure Electric CEO Peter Kimberley on store openings, e-scooters and aiding commuters

Pure Electric opened its latest store in Holborn earlier this week. Rebecca Morley met with CEO Peter Kimberley to find out more As COVID-19 restrictions begin to ease and more people return to their offices, commuters are looking for safe ways to travel, and this is where e-bikes and e-scooters …

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Wilier Triestina aims for UK and international growth with new shareholder

Wilier Triestina has announced a new shareholder, Pamoja Capital, to support the brand with UK and international growth. The Italian company, founded in 1906, will remain in the hands of the Gastadello family. Currently, 3.5% of Wilier sales are from the UK. Andrea Gastaldello, CEO of Wilier Triestina SpA, said: …

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BikeBiz August edition is now available

The digital edition of BikeBiz August is now available – and we’re celebrating our 175th issue. This month we focus on positive evolution, innovation and ambition throughout the cycling industry, including Raleigh UK’s new chapter, the rise of e-cargo, Velorim’s National Bicycle Tyre Recycling scheme and why 3D printing could …

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Yamaha transfers distribution of OEM e-bike systems to Europe

Yamaha Motor Co (YMC) has transferred the responsibility for distributing its OEM e-bike systems to Yamaha Motor Europe (YME). From its headquarters in Schiphol-Rijk, the Netherlands, YME’s close proximity to its European customers will enable the company to deliver “an even more competitive and efficient service that will benefit manufacturers, …

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Windwave to distribute Master Lock

Windwave is to distribute Master Lock in the UK and Ireland. “We are delighted to welcome Master Lock products to Windwave and we see it as a great fit with our leading brand ethos,” said Windwave’s MD Peter Nisbet. “Master Lock is recognised as a global leader in cycle security …

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No nonsense, no fuss: Upgrade’s Rory Hitchens on the distributor’s new partnership with Thomson

Upgrade recently added Thomson to its brand portfolio. Rebecca Morley caught up with Rory Hitchens to find out more “The nicest thing about Thomson is that it’s simple,” says Upgrade’s Rory Hitchens, as he begins to talk about the distributor’s new partnership. “It doesn’t try to do crazy stuff, it …

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Madison becomes exclusive distributor of Vittoria in UK and Ireland

Madison has announced a distribution partnership with Vittoria tyres, giving exclusive rights to the Italian brand in the UK and Ireland. Based in Brembate in the Bergamo region of Italy, Vittoria produces over seven million tyres a year. It was also the first brand to offer Graphene technology in tyres, …

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Cycle Surgery closing last high street store today

Cycle Surgery is closing its last high street store, Bishops Square in London, today, 31st July. It will cease trading online on 31st August 2020. For the month of August, prices on the website will have an extra 10% off sale. “As the brand closes its doors for the last …

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Shimano’s bike component sales decrease 14.6% in first half of 2020

Shimano has released its summary of financial results from 1st January to 30th June 2020. Net sales from the bike components segment decreased by 14.6% from the same period of the previous year to 122,613 million yen, and operating income decreased 19.7% to 22,963 million yen. The company said that …

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Buzzbike raises £1.7 million in latest funding round

London-based bike subscription platform Buzzbike has raised £1.7 million in its latest funding round. Buzzbike has raised funds from a variety of sources, including the UK Government’s The Future Fund, sports tech accelerator leAD (and its family of shareholders, including the Adidas family), Cooper (the company behind the Mini Cooper) …

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