Business

Partnerships, acquisitions and investment news throughout the cycling industry

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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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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MUUL Mounts appoints Gone Biking Mad as UK distributor

Gone Biking Mad has been appointed the exclusive distributor of MUUL Mounts for the UK market. Based in North Carolina, United States, MUUL has created a range of quality, quick access tools and mounts to allow for ‘super-fast’ repairs on the trail, which attach to the bike with their own …

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