Business

Partnerships, acquisitions and investment news throughout the cycling industry

Madison agrees deal to distribute Singletrack Magazine

Madison has agreed a deal to become the new distributor for Singletrack Mountain Bike Magazine, bringing the title direct to bike shops in the UK. Founded in 2001, Singletrack is a two-time BikeBiz Best Cycling Magazine award-winner and is partnered by one of the most popular MTB websites on the …

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Hope sees demand grow by “well over 100%”

Hope has moved to clarify its supply and availability after seeing demand grow by “well over 100%”… More and more we are being asked these questions regarding availability and supply. Although we closed following the lockdown in the UK, we slowly opened again during April with COVID secure measures in …

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Pyga launches sales, marketing and distribution arm

Pyga Industries has launched Pyga Mountainbikes Limited, a new sales, marketing and distribution business for its handcrafted frames. The new arm will take the business “to a new level” by distributing to a wider range of markets including Europe, Singapore, Australia, New Zealand and Latin America. Founded in 2012 by …

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Thule Group sees 52% currency-adjusted growth in Q3

The Thule Group has reported currency-adjusted growth of 52% for the third quarter of 2020. This means the group has achieved a currency-adjusted sales increase of 7% for the first nine months of the year, said CEO and president Magnus Welander. Net sales for the quarter amounted to SEK 2,436 …

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VAAST Bikes now available in Europe via German retailer Internetstores

VAAST Bikes has signed an agreement with German cycling-specialist retailer Internetstores. Two of VAAST’s key bicycle models, the gravel-ready all-road A/1 bike and the urban U/1, are now stocked at Internetstores’ e-commerce sites. Both VAAST models will be available to order online for delivery in 14 locations across Europe via …

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Bafang moves German branch to new, larger location

Bafang is moving its German branch to Hövelhof, near Paderborn/North Rhine-Westphalia, to be in a new, larger location. Until now, the sales department for the DACH region, the technical service department and warehouse had occupied premises with a total floor space of 250m². At the new 650m² + location, however, …

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E-bike subscription service DANCE raises €15 million in Series A funding

E-bike subscription service DANCE has closed a €15 million Series A funding round. Led by Eric Quidenus-Wahlforss, Alexander Ljung and Christian Springub, DANCE is aiming to offer its all-inclusive service subscription package into expanded markets across Europe and eventually the US. “The goal of DANCE is to spark a global …

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ACT restructures to focus more on retailers’ needs

The Association of Cycle Traders (ACT) is restructuring to become more focused on the needs of retailers. By closely aligning the ACT with the many trade organisations and sectors that make up the Independent Retailers Confederation (IRC), it will be working with over 100,000 independent retailers engaging Government, business and …

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ArmaUrto completes £300,000 funding round with CIOSIF support

ArmaUrto has secured a £150,000 equity investment from the Cornwall and Isles of Scilly Investment Fund (CIOSIF), as part of a larger £300,000 funding round. The investment round was led by The FSE Group, the appointed fund manager of CIOSIF. ArmaUrto’s management team includes former Moss Bros CEO Rowland Gee …

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Bianchi creates Australian distribution division

Bianchi has created an Australian distribution division, with operations set to start on 1st November. The company said it is implementing a reorganisation of its commercial strategy and distribution, pursuing a more direct presence in key markets such as Australia. As part of a wider move to promote sales growth …

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