Higher sales and margins for Dorel’s bike business
Dorel Industries, the owner of prestigious bicycle brands like Cannondale, GT and Mongoose, reported record results for its bike division in this year’s first three months: The cycling segment’s operating margin rose to 9.7 percent from 8.9 percent in the same quarter a year ago, while sales advanced by 10.2 percent to US$221 million. The...
Cycling lobby intervenes at International Transport Forum
The European Cyclists’ Federation (ECF) was not 100 percent pleased about the priorities set at the International Transport Forum held in Leipzig, Germany, last week, rallying 53 transport ministers from OECD member countries as well as politicians, industry executives and academics involved in transport issues. According to ECF, there was too much talking about sea...
Fitness and cycle show in Salzburg is cancelled
Brandboxx, the international Netherlands-based operator of trade shows and order centers, has decided to cancel this year’s edition of Bike & Trimm, a combined show for bicycles and fitness gear that has been taking place in Salzburg, Austria, annually in September. Brandboxx, which also runs the more general Austrian sports trade show, Ösfa, twice a...
Amer Sports predicts lower winter sports pre-orders
Buoyant apparel and footwear sales pushed the Amer Sports group’s sales up by 9 percent to €489.8 million for the first quarter, with an increase of 7 percent in constant currencies. The expansion chiefly came from Salomon’s outdoor footwear and apparel, as well as more abundant sales of Wilson’s tennis racquets. However, the Finnish company’s...
Rossignol takes back apparel business
Rossignol has put an end to its apparel licensing agreement with Sports et Styles, which is related to Look Cycle, the French bicycle company. The license was attributed in 2009, to ensure the continuity of Rossignol’s apparel business while the company’s new owners, led by Bruno Cercley, focused on its turnaround in the ski market....
Accell issues shares to buy Raleigh
The Accell Group has reached an agreement to acquire all of the outstanding shares of Raleigh Cycle, owner of the Raleigh and Diamondback brands, at a price of about €60 million. The Dutch group already owns a gaggle of bicycle brands, from Batavus to Sparta, Koga, Lapierre and many more, but Raleigh Cycle will neatly complement...
Pon in top shape to buy more bicycle brands
Pon Holdings, the huge Dutch car company that stormed into the bicycle business with three prominent acquisitions in less than one year, lifted its sales by about 17 percent to €5.9 billion last year. Bicycles still barely registered in the annual report published by Pon, with sales of €32 million for 2011, due to the...
Tern wins red dot design award
Tern, the young urban cycling company, has won a prestigious red dot award for product design with its Verge Duo folding bicycle. The Taiwan-based firm was launched only last year by Joshua Hon, son of the founder of Dahon, the established specialist in folding bicycles. Since then, Tern has already been distinguished three times with international awards for...
Fresh funds for German online bike and outdoor retailer
Internetstores, one of the leading German online bicycle and outdoor retailers, has received an investment of €30 million from EQT Expansion Capital II. The private equity fund will become a substantial minority shareholder in Internetstores, while the majority will remain in the hands of its founder, René Köhler. The investment will help to fund the...
Biretco hires bike professional for business development
Biretco B.V., the big Dutch retail organization for bicycles based in Breda, hired Robèrt Scholten effective last Monday to be its manager for new business activities. He will develop the buying group’s business abroad and explore new markets. Scholten has been in the two-wheel industry for many years. For the last 17 years he worked...
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