Business

Partnerships, acquisitions and investment news throughout the cycling industry

Blubrake completes $6 million Series A round to expand safety solutions for e-mobility

Blubrake has announced a $6 million Series A round, allowing the company to reach total funding above $10 million. The funding round was led by e-Novia, the deep tech ‘Entreprises Factory’ within which Blubrake was founded and completed its acceleration process. Other investors included Progress Tech Transfer and some private …

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Basso launches into UK market with Chicken CycleKit

Italian bike brand Basso has launched into the UK market exclusively with Chicken CycleKit. “Whenever we establish a new partnership it is a very delicate moment for me because it is like putting my baby in the hands of a stranger,” said Basso CEO, Alessandro Basso. “In this case, there …

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Bob Jackson Cycles to close after 85 years

Bob Jackson Cycles will be closing its doors for the last time on 18th December, after 85 years of frame building and restorations. “We are very much an ageing workforce and over the years have not been able to find younger members of staff to train up and move forwards,” …

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Proviz partners with Winora Group to expand European distribution

Proviz Sports has expanded its distribution in Europe through a partnership with the Winora Group. The brand has appointed the German cycling name to distribute its products in Germany, Austria, Czech Republic, Benelux, Poland, Italy and Spain. “We’re delighted to have the support and expertise of Winora Group to help …

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September sees “big improvement” in retail sales growth

The BRC has released figures covering the five weeks from 30th August-3rd October 2020, showing a sales increase of 5.6% on a total basis. In September, UK retail sales increased 6.1% on a like-for-like basis from September 2019, when they had decreased 1.3% from the preceding year. Over the three …

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UK footfall decreases by 30% in September

UK footfall decreased by 30.1% year-on-year in September, according to BRC-ShopperTrak data. This was only a 4.7 percentage point improvement from August and remains below the longer-term 12-month average decline of 30.3%. Footfall on high streets declined by 36.9% year-on-year. They were the most negatively affected location in September, again …

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Pearson moves all operations to Sheen, Balfe’s Bikes now occupying Sutton site

Pearson has moved all operations to its Sheen store in west London, after more than a century and a half in Sutton. Supported by its expanding online store, pearson1860.com, this will allow the company to focus on its own high-performance bikes and clothing, it said, as well as premium bike …

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Powabyke secures UK distribution of MBM’s range of push and e-bikes

Powabyke UK has secured sole UK distribution rights with Italian brand MBM for its entire range of push and e-bikes, with stock currently arriving in bike dealerships around the country. Established in 1998, Powabyke’s move into push bikes reflects the company’s drive to meet changes in public demand over the …

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Bollé Brands launches new B2B platform

Bollé Brands has launched its new B2B platform. “We strive to provide our retailers with optimal conditions so they can offer our end consumers the best possible experience,” said Peter Smith, Bollé Brands’ executive chairman. “We have invested massively in a new ERP system, the next natural step was to …

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WBIA General Assembly discusses global impact of COVID-19 on sales and production

The annual General Assembly of the World Bicycle Industry Association (WBIA) took place via videocall on 30th September, discussing the global impact of COVID-19. The General Assembly also agreed that the WBIA Secretariat will continue to be managed by the CONEBI Secretariat in 2021 and Erhard Büchel, current president of …

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