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bike industry

Spoon Customs_May23-9215_web

Owner of custom bike specialists Spoon and WyndyMilla enters liquidation, after falling demand and rising costs put business in “impossible position”

“This is an incredibly sad day for everyone involved,” Spoon Group director Andy Carr said, describing the bespoke bike company’s liquidation as “necessary” but “wholly regrettable”

Fri, Dec 20, 2024 10:26
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GT Grade Carbon Expert – head tube badge.jpg

GT Bicycles to pause new releases and lay off staff, but iconic American brand not shutting down and “will continue to sell bikes”

The decision has been taken by GT’s parent company Pon Holdings — also the owner of brands like Cannondale, Cervélo, and more — just months after it expanded its team from eight to 23 employees

Wed, Dec 18, 2024 19:17
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Pet pygmy goat

“Post-Covid bike market remains very challenging, particularly for standalone stores”: Long-running bike shop “no longer commercially viable”, closes after 35 years in business

Alpine Bikes to close in Aberdeen despite "extensive efforts" to adapt, as owners highlight ongoing challenges facing the bike industry in recent years

Mon, Nov 11, 2024 18:06
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2022 Endura Womens Pro FS260-Pro SS Jersey – gripper.jpg

Endura posts huge £14m loss after “large reduction in sales” and inventory “impairment” – first time Scottish cycling brand has been in the red since 2019

“We have confidence that the merits of cycling will ensure that the global market for such products will remain robust long into the future”

Sun, Nov 10, 2024 11:36
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Bradley Wiggins rides Orro bike during charity sportive (Pau Project)

Future of British bike brand Orro secured by investment company promising to “continue its tradition of producing world-class bicycles”

Following parent company i-ride’s collapse last month, the popular Sussex-based bike brand has been saved following the acquisition by a capital and investment group

Thu, Nov 07, 2024 16:08
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Local Bike Shop in London (copyright Simon MacMichael)

“Survive until 2025… if we can get to the end of this year, we’ll be okay”: British bike manufacturers hoping to make it through industry woes

Years since Covid have seen numerous cycling businesses disappear, from big players and major distributors to smaller independents, with many of those who have survived posting huge losses

Mon, Nov 04, 2024 11:17
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2022 Dauphine – Ineos Grenadiers Pinarello Dogma F 2

Shimano sales down 12% in 2024, but cycling components giant points to “signs of progress”

Manufacturer reports income in its bicycle division is down a quarter on 2023 amid ongoing inventory woes and a challenging economic picture

Tue, Oct 29, 2024 17:22
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Halfords barrier logo 3×2 (copyright Simon MacMichael)

Halfords says new premium bike range is a hit – but cycling market remains challenging following “UK’s wettest spring since 1986”

Despite the continuing headwinds facing the cycling industry, Halfords says its “controlling the controllables” strategy is going to plan

Fri, Oct 25, 2024 12:36
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Raleigh Mustang Elite – down tube.jpg

Brighter days ahead for bike industry? Raleigh owner reports inventory levels back to normal

Accell Group has reportedly reached an agreement to reduce its debt by €600 million

Mon, Oct 07, 2024 17:05
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2024 Boardman ADV 9.6 carbon

“The premium sector is the fastest-growing part of the cycling market”: Halfords to double the amount of bikes in its range priced over £1,000

The new bigger Halfords bike range will feature models from Carrera, Boardman and Voodoo, with prices up to £3,800

Thu, Sep 19, 2024 15:51
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