bike industry Archives

bike industry

2023 Dauphine Shimano neutral support – 10.jpeg

Investigation suggests workers at Shimano’s supplier subjected to “slavery-like” exploitation

Shimano’s Malaysian supplier has been accused of physical abuse and threats, unlawful salary deductions, and unpaid suspension

Thu, Dec 07, 2023 12:38

Wiggle Chain Reaction ditches international websites to focus on UK citing “rising international air freight costs and Brexit”

Administrators of business say that it is proving “incredibly attractive” to potential buyers as sale process continues

Fri, Dec 01, 2023 14:02

2024 Giant Defy Advanced SL 0 – front.jpg

“Weak demand” in Europe and US sees Giant’s profits fall by 49%, as Merida’s profits drop by 26%

The Taiwanese manufacturer says that, despite short-term challenges, demand for performance-level products “remains strong”

Wed, Nov 22, 2023 18:54

The rise & fall of GCN+ – is the livestream party over for cycling fans?

Only launched in 2021, GCN+ and the GCN app are already leaving the room due to a “changing media industry landscape”

Thu, Nov 16, 2023 11:23

Rapha Clubhouse London (copyright Simon MacMichael)

Rapha announces loss of £12 million, citing cost of living and supply chain concerns

The premium cycling clothing company has now posted a loss for the sixth year running, however an independent auditor identified no uncertainties which could cast a doubt on Rapha's future

Fri, Nov 03, 2023 16:01

What the hell is going on in the bike industry? Wiggle Chain Reaction turmoil discussed plus pro cycling’s idiot problem on the road.cc Podcast

As rumours swirl that Wiggle Chain Reaction has stopped paying its suppliers, we break down what's happening with bike industry stalwart Rory Hitchens

Fri, Oct 20, 2023 15:18

Wiggle Chain Reaction owner woes continue following “unjustified” withdrawal of €150m funding commitment by parent company

The latest financial blow, which increases the uncertainty surrounding Signa Sports United’s future, comes a week after the e-commerce giant delisted its shares amid “severe liquidity and profitability challenges”

Wed, Oct 18, 2023 10:34

Wiggle and Chain Reaction owner facing “severe liquidity and profitability challenges” as it announces delisting of shares

The German e-commerce giant, also behind Bikester and Probikeshop, said that weaker consumer demand in the cycling sector has continued to impact its finances

Thu, Oct 12, 2023 12:26

Brexit, Covid, and economic uncertainty blamed as Wiggle Chain Reaction Cycles records £97 million loss

Overall revenue for the group, which was bought by German retailer Signa Sports United in 2021, also fell by 30 percent to £252 million

Fri, Sep 01, 2023 11:30

Ribble Cycles sees “encouraging” improvement in performance after making £5 million loss in 2022

The Preston-based bike retailer cited supply chain disruption and lead time uncertainty post-pandemic and Brexit as reasons behind its "challenging" year, and has restructured while taking on additional funding from investors

Sun, Aug 06, 2023 16:18