Business

Partnerships, acquisitions and investment news throughout the cycling industry

IBGNA to distribute Revoloop TPU inner tubes in USA

Italian Bicycle Group N.A. (IBGNA) is to distribute Revoloop thermoplastic polyurethane (TPU) bicycle inner tubes in the United States. “We are excited to announce the distribution of Revoloop high-performance bicycle inner tubes in the United States,” said IBGNA spokesperson Antonio Urillo. “Revoloop is the world’s fastest thermoplastic polyurethane inner tube, …

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Morsa partners with Gone Biking Mad for UK distribution

Gone Biking Mad has been appointed the exclusive distributor of Morsa computer and accessory mounts for the UK market. “We are excited to announce our new partnership with Gone Biking Mad in the UK,” said Jess Bobbitt of Morsa. “When we started Morsa in 2015 this was one the areas …

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Pure Electric to open 15th UK retail store as Kimberley hails year of ‘phenomenal growth’

Pure Electric will be opening its 15th retail store next Monday, 23rd November, on Commercial Street in Spitalfields, East London. The company began 2020 with just one retail outlet in Victoria, West London, and during the course of the year has taken over and relaunched 11 existing bike shops across …

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Halfords sees strong cycling revenue growth in H1 as e-mobility rises 184%

Halfords has reported strong cycling revenue growth through H1, finishing at 54.4% LFL. E-mobility rose by 184% and cycle services 24%, the retailer announced in its interim results for the 26 weeks to 2nd October. The retailer saw group revenue growth of 9.6% and profit before tax of £56 million. …

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Knaap Bikes sees “rapid acceleration” in UK market

Knaap Bikes has “rapidly accelerated” its partner dealers across the UK, passing 75 in seven weeks. The brand starting out of Amsterdam at the very beginning of the global lockdown, at first focusing on the local market. Its two-seater 140km range e-bikes come in matt black or space grey. The …

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Ebike Cafe @ Deheers opens doors in Weymouth

Ebike Cafe @ Deheers opened its doors on 7th November in the Deheers building along Weymouth’s Old Harbourside. Owners Peter Claxton and Josephine Parker, along with manager Danni Moors, are “championing an active lifestyle, healthier eating and positive mental wellbeing in a COVID safe environment through their new look enterprise”. It …

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Delfast sales grow to $2 million, crowdfunding campaign launched

Delfast has launched a crowdfunding campaign on Fundable with the goal to raise $3 million. The Fundable campaign plan is to construct an e-bike R&D centre to accommodate the rising demand and fulfil the requests Delfast has already received. The company experienced a 405% increase in sales in Q2, when …

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Pinpoint CE launches new B2B site

Pinpoint CE has launched its new trade B2B site. The B2B site gives users the chance to check stock levels, see the latest special offers and place orders, as well as keep up to date with the most popular sold items. Dealers can also see their top products, previous orders, …

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Accell Group sees sales rise 38% in last four months

The Accell Group has reported ‘very strong’ net sales from July till October, with a 38% increase versus the same period last year. This brings YTD net sales growth to 16%. Consequently, the group has revised its guidance upwards and is now expecting EBIT for 2020 to exceed prior-year EBIT. …

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ZyroFisher agrees exclusive UK and Ireland distribution partnership with Rascal Bikes

ZyroFisher has agreed an exclusive UK and Ireland distribution partnership with Rascal Bikes. Founded in 2010 in Brno, Czech Republic, Rascal Bikes’ mission is to create child-specific bikes that are “lightweight, maintenance-free, ergonomically specific to kids and most importantly fun to ride”. “Finding a strong distribution partner for our premium …

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