bike industry Archives

bike industry

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

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

Mercian Cycles ceases trading and enters voluntary liquidation

The 78-year-old Derby-based bike manufacturer has appointed an agency to help with the restructuring and liquidations

Thu, May 23, 2024 09:29

2021 Giant Contend SL 1 Disc – riding 3.jpg

The current price slashing on bikes doesn’t necessarily point to a crash — it’s a return to normality

Our senior reviewer Stu Kerton has his say on the state of the bike industry as another major player gets on the discounting train

Tue, May 21, 2024 13:48

Kona Bicycles bought back by founders, month after mass job cuts as former parent company abandoned struggling bike industry

Dan Gerhard and Jake Heilbron, who founded the off-road brand in 1988, say “renewing relationships” with American and European retailers and dealers “is our highest priority”, while pausing Kona’s direct-to-consumer service

Mon, May 20, 2024 12:11

“I’ll see you in the winter”: Zwift accused of “taking subscribers for granted” as monthly subscription rises from £12.99 to £17.99 – but company says price hike “necessary” for platform’s development

“Bold move to increase prices by 40 per cent just as the weather is improving”

Wed, May 08, 2024 10:22

Rapha Clubhouse London (copyright Simon MacMichael)

Rapha makes redundancies as US office closes in “realigning” of business due to “current market dynamics”

CEO Francois Convercey said Rapha would "do everything we can to support those affected" and the move would "better reflect our strategic priorities"

Fri, Apr 26, 2024 07:57

Business booming at Colnago since Abu Dhabi investment, bike brand states — with sales “more than tripled”

The Italian bike manufacturer was sold to a UAE-based investment firm that is part of Abu Dhabi's Royal Group in 2020, Colnago saying that sales have tripled to £48 million since

Tue, Apr 23, 2024 16:48

2022 Dauphine – Ineos Grenadiers Pinarello Dogma F 2

Shimano suffers huge fall in sales, down a quarter in first months of 2024 amid continued bike industry troubles

Despite insisting "interest in bicycles remained high as a long-term trend", Shimano reported a drop in sales of 22.6 per cent in the first quarter of the year

Tue, Apr 23, 2024 14:10

The problem with bike industry launches April 2024

The problem with bike industry launches… and how to fix it

Writing about new bikes is what we do, but do we need to jet off somewhere nice for a week to do it? (No, it’s not a trick question)

Tue, Apr 23, 2024 14:00