Business

Partnerships, acquisitions and investment news throughout the cycling industry

Rutland Cycling driving growth through use of business intelligence

Rutland Cycling is aiming to drive business growth through the use of intelligence, working with Village Software Engineering. The business said that to support its rapid growth strategy, it needed to invest in developing decision-making intelligence. Rutland Cycling has lots of data from multiple legacy systems, it added, and needed …

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KOO refreshes brand visuals ahead of new product launches later this year

KOO has refreshed its brand visuals – moving to a “striking” new cool blue motif. Launched ahead of new additions to its product range later this year, the brand refresh signals a “renewed commitment to providing high-performance, high-quality eyewear made for the outdoors and, above all, made in Italy”. “We …

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Greyville’s Alan Pritchard retires, sells company to Lea Adams

Greyville Enterprises founder Alan Pritchard has retired. The company has been sold to Lea Adams, who is new to the cycle trade but is coming to Greyville with ‘enthusiasm and a host of new ideas’ on how to expand and grow the company. “I leave the cycle trade with many …

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Dorel Sports reports fifth consecutive quarter of growth

Dorel Sports has reported its fifth consecutive quarter of growth, with revenue at $285.6 million – up 18.5% from last year. Excluding the impact of varying foreign exchange rates, organic revenue improved by approximately 21.1%. The strong performance was at the Cycling Sports Group (CSG) and Pacific Cycle divisions, Dorel …

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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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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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