Business

Partnerships, acquisitions and investment news throughout the cycling industry

invisiFRAME ‘does not have people visiting bike shops to take measurements’

BikeBiz has been advised by invisiFRAME that a person/s is going into bike shops, claiming to be from invisiFRAME and asking to take measurements/dimensions of bikes. Vicky Regan from invisiFRAME said: “We just want to make it clear we do not have people visiting shops to take measurements and as …

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Gocycle setting up European subsidiary to support EU growth

Gocycle is to set up a new European subsidiary to better serve its growing EU customer base. The Netherlands-based European subsidiary will include localised EU wide fulfilment from a central distribution centre in Germany. The warehouse will stock and distribute Gocycle products and accessories, fulfilling the brand’s orders across the …

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Planet X aims for international growth with Santander UK funding

Rotherham-based Planet X has secured a £3.225 million funding package through Santander UK. In 2020, Planet X’s 50 employees acquired the business from its founders and set up an Employee Owned Trust. The business has now moved its banking to Santander UK and is accessing a range of facilities to …

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Cyclorise launches B2B site for independent bike dealers

Cyclorise has launched its first B2B website, aimed at making it easier for independent bike dealers to purchase from its range. Whilst 2020 has seen a boom in the cycling industry, it also proved to be a difficult year for distributors to keep in touch with their IBDs due to …

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Digital marketing and consulting agency CrankTank celebrates fifth anniversary

CrankTank is this year celebrating its fifth anniversary. The company, founded by bike industry veteran Scott Montgomery, started as a CEO consultancy but has since migrated its focus to digital marketing with an eye on e-commerce, serving bike-, outdoor-, and ski-related businesses seeking to accelerate their marketing resources and digital …

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FLi to take over KTM’s P&A distribution in UK

FLi Distribution is to take over the handling of all UK P&A orders previously handled by KTM Bike Industries from Austria, with immediate effect. Historically, KTM has been able to supply the UK dealer network with parts and accessories from its warehouse in Austria. With the increased admin and costs …

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Shimano sees rise in bike component sales for 2020

Shimano has reported an increase in sales for the fiscal year 2020, with net sales increasing 4.1% from the previous year. Net sales from the bicycle components segment increased 2.7% from the previous year to 297,777 million yen, and operating income increased by 18.4% to 68,494 million yen, the company …

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Communicating COVID-secure measures in store

In the Home Secretary’s statement on 12th January, it was explained that a minority of people are putting the health of the nation at risk by not following the rules. In response, the Government is talking to local councils about the role that they should be playing in enforcing the …

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Restrap increases global distribution following sales growth

Restrap has secured a number of new exclusive distribution partnerships, after seeing sales growth of over 300% across all categories. “We know the concept of bike packing is new to the market in many countries,” said international sales director Edward Kingston, “but there is an established MTB and road cycling …

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Restrap moves to new factory in Leeds

Restrap has moved to a new factory close to Leeds City Centre with help and support from the Leeds City Region Enterprise Partnership. The company said it is now in a position to take steps to not only streamline its production processes to be more efficient, but it is also …

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