Bike industry challenges continue as Giant and Canyon profits down 66% and 30%, while Shimano downgrades 2025 outlook
The challenges facing the bike industry have once again been demonstrated by the financial results of some of the market’s biggest players, Shimano having downgraded its outlook for 2025 and Giant and Canyon reporting profits down 66 per cent and 30 per cent respectively.While there was hope things might start to improve across the industry in 2025 … Read more