Business

Partnerships, acquisitions and investment news throughout the cycling industry

Cyclorise becomes UK distributor of Handske gloves

Cyclorise is now the UK distributor for US brand Handske gloves. Hailing from El Paso Texas, Handske gloves are premium gloves made for cyclocross, gravel biking, MTB and road cycling. All models of Handske gloves feature innovative technologies such as silicon-printed palms for better grip, full finger protection, touch-screen compatibility …

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Figures show fall in bike exports from UK to EU

The Bicycle Association (BA) has provided early analysis to its member companies of the UK trade figures for January 2021, which were released by HMRC today. Bicycle exports from the UK to the EU fell by 60% in value and 32% in volume in January 2021 compared to January 2020, …

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Evans Cycles ‘to axe 300 jobs’

Evans Cycles is set to axe 300 jobs, the Guardian has reported. Hundreds of remaining store staff are also set to be switched to zero-hours contracts, with Mike Ashley’s Frasers Group aiming to cut costs. The retailer has reportedly told staff it intends to cut up to half of the …

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Magura now offering online training with launch of new webinar platform

Magura Bosch Parts and Services is now offering a new online alternative to in-person training with the launch of its webinar platform. The company will be offering online seminars that are tailored to the needs of dealers. The topics will include service, advice on sales promotions and exclusive presentations of …

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Paligap to distribute Kingud in UK and Ireland

Paligap is now the distributor for Kingud products for the UK and Ireland. “We have been looking for a distributor for some time now and seeing the great job Paligap have done building the Stan’s No Tubes brand in the UK we felt they were the perfect fit,” said Kingud …

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Small Business Britain calls for more support and encouragement for female-led businesses

Almost one-fifth of women (17%) are considering starting their own business, in a sign of a potential fresh wave of female-led start-ups that could help power the UK’s economic recovery. Small Business Britain’s f:Entrepreneur campaign, which commissioned the research to mark International Women’s Day, has called for more support to …

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Paul Davis acquires Weldtite Products Ltd in management buyout

Weldtite Products Limited was sold on 2nd March via a management buyout led by Paul Davis, the incumbent managing director. Davis has acquired the majority shareholding from the Bennett-Baggs family who have owned the business for many years. David Bennett-Baggs, who previously led the business, recruited and eventually handed over …

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BikeBiz March edition is now available

The digital edition of BikeBiz March is now available online. This month, we catch up with #BikeIsBest founder Adam Tranter, find out what we can expect from digiBike* 2021 and Islabikes founder Isla Rowntree tells us why she’s stepping back after 15 years. This month’s sector guides are women-specific bikes …

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IBGNA to distribute Barbieri PNK in United States

Italian Bicycle Group N.A. (IBGNA) is to distribute Barbieri PNK Italian bicycle accessories in the United States. The range of Barbieri PNK products distributed by IBGNA will include CO2 inflators, mini hand pumps, presta valves and extensions, and tyre and tube tools. IBGNA is a distribution company of Italian and …

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Hiplok, uvex sports group begin strategic partnership as brand looks to continue growth

Hiplok and the uvex sports group have begun a strategic partnership. The German family-owned uvex sports group has acquired a majority shareholding in the British company, Plus 8 Industries Limited, which trades under the Hiplok brand name. The partnership will enable Hiplok to continue its growth and further establish itself …

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