Business

Partnerships, acquisitions and investment news throughout the cycling industry

Cyclorise becomes official UK distributor of Ochain

Cyclorise is now the official UK distributor of Ochain. The Italian brand launched to the market earlier this year and offers an “entirely new type of product”, an ‘active’ spider. Ochain mounts to a direct-mount crank and replaces a normal spider. Within the device are springs and elastomers that offer …

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Accell Group sees ‘steep’ post-lockdown sales rebound

The Accell Group has recorded a year-on-year sales growth of 53.1% in June. This brings H1 net sales to €676.9 million, up 4.0% vs last year, despite the impact of lockdown in March and April. H1 EBIT came in at €45.1 million (excluding one-offs: €47.5 million), trailing H1 2019 levels …

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COVID-19 and its impact on the cycling industry

The outbreak of COVID-19 has sent shockwaves through our industry. As we weather the storm, BikeBiz will keep you updated with all the latest from the trade. Cycle shops are set to be among the least affected type of business by a reduction in consumer spending over the next 12 months as a …

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Cowboy raises €23 million in Series B funding

Cowboy has completed its Series B funding round, totalling €23 million. Leading the round is Exor Seeds, the early-stage investment arm of Exor, controlling shareholder of Ferrari and FCA, HCVC, and Isomer Capital, joined by Future Positive Capital and Index Ventures. Adrien Roose, co-founder and CEO, said: “We’re thrilled about …

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Evans Cycles opens new Birmingham store

Evans Cycles is opening a brand new Birmingham store. Replacing the old site at Birmingham New Street Station, the new store reaffirms a “strong commitment” to helping grow cycling within the region. With over 12,000 square feet of floor space, the new store is situated on the ground floor of …

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Halfords ‘to close up to 60 sites’

Halfords has reportedly confirmed plans to close up to 60 stores and garages. The retailer is accelerating plans to withdraw from one in ten of its sites, and said it hoped to move staff to other branches, reports the Guardian, but the closures could lead to hundreds of job losses. …

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Digital start-up Rafflebike launches

A new digital start-up, Rafflebike, has launched, offering riders the chance to win high-end bikes for ‘no more than the price of a cyclist’s morning coffee stop’. With a range of prizes to be won through regular draws, road cyclists, trail riders, weekend cyclists and commuters have a chance to …

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Lightweight relaunches brand website

Lightweight has relaunched its brand website. The company said it sees the website as an information platform for customers, dealers, partners and media. They will find relevant content about the brand and company history, but also services and contacts for central company divisions. The technical basis for the new website …

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Activate Cycle Academy to deliver new apprenticeship standard for bike mechanics

Cytech training provider Activate Cycle Academy (formerly ATG Training) will begin delivering the new apprenticeship standard for bicycle mechanics. As part of the recent Government announcement, businesses will be given £2,000 for each new apprentice they hire under the age of 25, which is in addition to the existing £1,000 …

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Lightrider bike lights business now for sale

The owner of Lightrider has decided to sell the company. Lightrider lights up the front torso of the rider as well as the road ahead, making sure the cyclist is always visible. Invented and designed by Tudor Davies, it has gone on to be sold in Halfords, Tesco and many …

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