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bike industry

New Raleigh headquarters at Durban House, Eastwood

Raleigh relocates to historic Nottinghamshire site as iconic British brand promises “ambitious plans” for future growth, months after job cuts and move away from previous headquarters

“Raleigh’s rich heritage is deeply intertwined with Eastwood, making it essential for us to stay connected to our local roots,” the company said as it announced its move to Durban House

Mon, Aug 12, 2024 17:10
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Rapha Clubhouse London (copyright Simon MacMichael)

Former Ineos Grenadiers boss Fran Millar joins Rapha as CEO in “significant milestone” for British brand

Millar’s appointment comes three months after the company closed its US office, amid annual losses of £12 million, while her exit from the Ineos group was announced less than a week after Dan Bigham criticised the British team’s “lack of clarity”

Mon, Aug 05, 2024 14:20
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Pragmasis DIB D-Lock 190mm

Pragmasis to wind down production of bike locks after “finding times hard” amid Brexit, Covid and “cost-of-living crisis combined with Ukraine situation”

Company founder Steve Briggs reported the business has been struggling "for a long time" and welcomed further applications from "established businesses" over "possible licensing opportunities" to keep the well-respected locks in production beyond October

Tue, Jul 16, 2024 15:20
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Cyclists in London brompton and lime hire bike – copyright Simon MacMichael

“This winter we will see more businesses go bust for sure”: Brompton boss warns bike industry woes not over yet

Will Butler-Adams said manufacturers and retailers remain at risk, the folding bike brand bucking the industry trend and posting profits up a third in its most recent financial report

Fri, Jul 12, 2024 14:43
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Bike shop (Credit: Manny Becerra via Unsplash)

Bike industry “ripe” for smart investment ahead of “significant” recovery from 2026, focusing on strong branding, e-bikes, and manufacturing a “higher share of the bike”, new research claims

“After a turbulent few years, the bike industry is set to stabilise and make a gradual recovery, with significant upside in the medium to long term”

Sat, Jul 06, 2024 13:15
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2024 Colnago C68 carbon bike factory rows of frames

Bike industry told to “survive until 2025” as cycling market report says overstock issues “might be resolved” next year

The report also found that employment within the cycling industry fell by 5.5 per cent across Europe between 2022 and 2023

Sat, Jun 29, 2024 19:16
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Mercian Cycles barber’s pole seat tube and forks

Mercian Cycles saved as four local businessmen confirm purchase of iconic bike manufacturer following liquidation

Announcing their acquisition of the longstanding Derby-based brand, which ceased trading last month, the new owners also confirmed that the company’s craftsmen will be retained

Fri, Jun 28, 2024 12:13
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halfords-store-front

Cycling market “significantly worse than expected”, Halfords warns — with “high-profile failure of Wiggle” and widespread sales evidence of “another year of decline”

The UK's largest cycling retailer predicted more pain is to come over the next 12 months and reported its profits had fallen as bike sales have dropped a third on pre-Covid levels

Thu, Jun 27, 2024 10:16
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yorkshire sportive

Sportive organiser cites cycling industry’s “downfall” and sudden disappearance of loan offers as reasons for entering administration

Sportive HQ also claimed that it was asking for more riders to sign up just days before going bust in order to acquire more cash flow and stay afloat

Sun, Jun 09, 2024 14:23
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2023 Merida Scultura Endurance 4000 – riding 3.jpg

Merida the latest bike brand to report significant slump in sales, profits down a third

Sales and profits fall at Merida, the news following fellow Taiwan-based manufacturer Giant reporting a similar slump

Tue, May 28, 2024 11:49
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