Business

Partnerships, acquisitions and investment news throughout the cycling industry

Schwalbe officially awarded gold bicycle-friendly employer certificate 

The parent company of tyre manufacturer Schwalbe has been given a coveted gold certificate as a bike-friendly employer.   Schwalbe, brand name of Ralf Bohle GmbH, based in Germany, has been designing and making tyres since it was founded in 1922.  The company has officially been granted the ‘Gold’ seal as …

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Cadence Performance acquires Evernden Cycles in Kent

Cadence Performance has announced its latest retail store location, taking over Evernden Cycles as the previous owners venture into retirement. The store will join the growing family at Cadence Performance as it opens its sixth location. Earlier this year, Cadence Performance announced it was taking control of Giant St Paul’s, …

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Classified Cycling pushing for UK and Eire growth with exclusive Windwave partnership

Powershift drivetrain expert Classified Cycling is pushing for growth in the UK and Eire with an exclusive distribution partnership with Windwave. Classified launched its new hub-only programme at last month’s Eurobike and is aiming for a stronger focus on the growing UK market for 2022 and beyond. Windwave commercial manager …

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Cycle clothing brand Etxeondo appoints Jose Quintanar as UK sales agent 

Basque cycle clothing brand Etxeondo has appointed Jose Quintanar as sales agent for the UK.  The premium apparel brand, which now deals directly with dealers in the UK, has appointed Quintanar and his agency Manchego Cycles Company to handle sales and market development.  Etxeondo, founded in 1976, is a family …

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SRAM CFO Mike Herr to retire after 28 years, Heather Bridges to take over

SRAM has announced that its CFO Mike Herr is to retire after 28 years with the company. Heather Bridges has been named as SRAM’s new CFO, who will take over later this year after a transitional period. Herr has led SRAM’s finance and IT departments for nearly 24 years, helping …

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Wahoo announces new proprietary Sports Science facility in Colorado

Fitness technology company Wahoo has announced the launch of its proprietary Sports Science facility in Boulder, Colorado. The facility will further the company’s goal of “building the better athlete in all of us” by combining research, expertise, and testing through physiology, biomechanics of movement, nutrition and sport psychology to deliver …

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The Electric Bike Shop Battersea opens following Flag Bikes acquisition

The Electric Bike Shop has announced the acquisition of London bike store Flag Bikes. The store, located at 324 Battersea Park Road, SW11 3BX, originally opened in 2014 and was named as one of Britain’s Best Bike Shops by the readers of Cycling Weekly in 2017. The store officially reopened as …

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Evans Cycles opens new concession store in Preston

Evans Cycles has announced its latest store opening in Preston, Lancashire, appearing as a concession as part of the new Sports Direct store. The retailer said it hopes to support the needs of the growing number of cyclists in and around Preston, and promote cycling generally as an active form …

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Frog Bikes reduces emissions by 10% despite surge in number of bikes built 

British kids’ bike brand Frog has managed to reduce emissions by 10%, despite continuing to scale up its bike production in recent years. The bike builder, based in Ascot, Berkshire, specialises in manufacturing bikes for children aged between one and 14, ranging from balance bikes to mountain bikes and track …

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Fox Factory reports 23.9% sales increase in Q2

Fox Factory has reported financial results for the second quarter ended 1st July 2022. Sales increased 23.9% to $406.7 million, compared to $328.2 million in the same period last fiscal year. Fox said this increase reflects a 28.1% increase in Specialty Sports Group sales and a 20.9% increase in Powered …

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