bike industry Archives

bike industry

Wattbike seeks investment following years of losses and falling sales, but static bike brand insists “significant improvements in financial performance” recently

Turnover dropped to £13.7m in 2023 from £32.2m in 2021, but Wattbike says sales are up 35 per cent since September and securing funding was always company's intention

Mon, Feb 10, 2025 12:56

Cycling clothing brand La Passione closes, but founder promises “new chapter”

Premium cycling apparel company stopped taking orders at the end of 2024, its founder stating the "time has come to turn the page" and "explore new opportunities"

Mon, Feb 03, 2025 15:14

Boost to cycling sales sees Halfords upgrade profit expectation

UK's biggest cycle retailer celebrates strong end to 2024, with sales growth of 13 per cent led by cycling

Tue, Jan 28, 2025 10:03

24 hours in Roubaix: tales from a top secret cycling launch

Rebecca headed to Roubaix for the Van Rysel Roubaix Team launch and was back in Yorkshire 24 hours later. Here's what went down

Tue, Jan 14, 2025 11:09

2021 Light & Motion Seca Comp 2000 front light.jpg

Bicycle lights brand closes after 35 years, citing “political winds” and “decline” of US manufacturing

Light & Motion has ceased operations after more than three decades in business, highlighting the "challenges of being a US manufacturer"

Tue, Jan 14, 2025 10:34

Is the cycling industry storm finally over? Why there may be fewer “disaster stories” in 2025 + Where did Adrian Chiles’ e-bike doc go wrong?

“It’s more tidal changes rather than a storm,” bike industry stalwart Rory Hitchens tells the road.cc Podcast, as we predict what lies ahead this year (and it’s more optimistic than you’d expect). Plus we dissect THAT Panorama special

Fri, Jan 10, 2025 19:02

Has the cycling industry killed the cheap road bike? Where have all the cheap bikes gone?

Yes, there are plenty second-hand... but when it comes to new bikes, some prices have seemingly risen far greater than inflation and few brands now offer models below £1,000. Are the days of the brand new £500 road bike well and truly over?

Fri, Jan 10, 2025 10:18

2023 Brompton C Line Explore – riding 3.jpg

“The bike industry will not get better this year”: Brompton profits nosedive by over 99% amid “really sad state of affairs”

The folding bike brand’s profits fell from £10.6m in 2023 to just £4,602 last year, as total bike sales dropped by almost 7,000 and operating costs increased

Thu, Jan 02, 2025 16:32

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

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