Business

Partnerships, acquisitions and investment news throughout the cycling industry

Accell Group provides business update, withdraws dividend proposal

The Accell Group is withdrawing the dividend proposal 2019 of  €0.30 per ordinary share. The dividend withdrawal is part of a package of managerial measures taken to ensure business continuity for the coming period. The delay in component delivery from Asia combined with the effect of lockdowns, resulting in bike …

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Cane Creek suspends operations

Cane Creek has suspended operations until 13th April due to the COVID-19 outbreak. All online orders placed during that time will be fulfilled as soon as possible on return. Taiwan operations will continue normally, reports Bicycle Retailer and Industry News (BRAIN). The suspension is because Buncombe County and Henderson County …

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eBay waives fees to support small businesses

eBay is hoping to support small businesses with changes to its fees for new and existing customers. The company is offering a 30-day Indie Retail payment holiday for existing sellers and is waiving fees for all new businesses registering to list or sell until 31st May. “The offer will apply …

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Chicken CycleKit to offer direct to consumer deliveries

Chicken CycleKit will now offer direct to consumer deliveries. The distributor has said this will include ready to ride bikes out of the box, and its full range of components and accessories. The full statement read: It is fantastic to see the industry pulling together to offer as many options …

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Scicon Sports pivots production to develop face masks

Scicon Sports has pivoted its production of bags and protective eyewear to manufacture a selection of personal protection items, in light of the current COVID-19 pandemic. The brand has converted its entire production line to create protective respirator face masks and protective eyewear in response to the request of companies, …

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Hotlines to offer free home delivery on all products

Hotlines is offering free home delivery on all products, including PDI on bikes, with no minimum order value. “Hotlines wants to support our dealers, and their customers through these challenging times in any way we can,” said a statement. “To make it as easy as possible to get goods to …

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Bob Elliot’s new KranX brand now in stock

KranX, Bob Elliot’s new in-house brand, is now available to UK dealers, with pedals expected to arrive next month. The new brand has been developed specifically with the IBD in mind and will initially cater to three sectors: tools, pedals and finishing kit. It will offer “self-selling” packaging, providing customers …

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Restrap launches premium dealer partnership programme

Restrap has launched a premium dealer partnership programme. Dealers will receive a point of display stand showcasing all of Restrap’s five collections that will be featured in-store. “Our market research shows that many customers still want to view products before making purchases,” said Restrap director Nathan Hughes. “And we’re really …

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Velobrands now offering to drop ship direct to consumers

Velobrands is now offering to drop ship direct to consumers for all orders placed by their retailers. This service will allow consumers to place orders with their local bike shop and receive their goods to an address of their choosing. Orders placed before 4pm should arrive, wherever possible, for the …

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ZyroFisher launches home delivery across all P&A brands

ZyroFisher is launching home delivery across all its P&A brands in an effort to support its dealer network. Any products ordered via the ZyroFisher B2B can now be shipped directly to the dealer’s customer from ZyroFisher. Doing so allows dealers to meet customer demand without customers having to enter their …

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