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bike industry

2024 Colnago bikes hq

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
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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
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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
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Police presence at Scott Sports HQ

Police called to Scott Sports HQ over “dispute between managers” as corporate power struggle continues

The incident, which police say involved “nothing serious”, comes in the same week CEO Beat Zaugg refused to accept the board’s decision to dismiss him

Fri, Apr 05, 2024 14:25
o
Scott Foil RC Pro 2023 triangle

Scott Sports embroiled in bizarre “power struggle” as sacked CEO Beat Zaugg claims he’s still in charge

Zaugg said the decision does not come from Scott’s Board of Directors, and his successor Kim Juwon would have “no idea about the European bicycle market”

Tue, Apr 02, 2024 15:58
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2023 Tour 21 RibbleUltra SL R Alumni Edition fork

Ribble Cycles halves losses to £2.3m as bike brand says “very positive step” result of better delivery times and restructuring

The Preston-based manufacturer says stronger supply chain performance has helped ease much-discussed delivery issues, giving customers “confidence to buy” with “robust” 2-3 week targets

Wed, Mar 13, 2024 16:39
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Halfords barrier logo 3×2 (copyright Simon MacMichael)

Halfords share price plunges 25% as retailer downgrades profit forecast amid continued weak cycling demand

The cycling giant blamed poor weather for a slow start to 2024, with cycle sales dropping eight per cent on last year's January numbers and the business's profit forecast downgraded by at least 17 per cent

Wed, Feb 28, 2024 10:05
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2023 BMC Team Machine SLR AG2R Citroen Team

BMC applies to cut hours of remaining staff due to falling demand

It is believed the Swiss-based bike brand made some staff redundant in the autumn, and is no longer in the WorldTour after Decathlon–AG2R La Mondiale moved to Van Rysel

Sat, Feb 10, 2024 08:44
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Bike shop (Credit: Manny Becerra via Unsplash)

2023 saw the worst bicycle sales in the UK since 1985, reveals Bicycle Association report

The bike industry organisation has warned a “long-term continuum of decline is likely without Government intervention”

Fri, Feb 09, 2024 15:32
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2023 Zwift hub

More redundancies at Zwift as co-CEO resigns, but company insists “business is healthy” and “our community is growing”

Layoffs come 10 months on from Zwift cutting its workforce by 15 per cent, the latest redundancies coming as the company says it "remains a healthy, global business with a passionate community"

Tue, Feb 06, 2024 09:23
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