Business

Partnerships, acquisitions and investment news throughout the cycling industry

Cyclorise to distribute Why Cycles in UK

Cyclorise has added Why Cycles to its portfolio to kick off the 2021 season, following the launch of Revel Bikes in the UK last year. Started in early 2016 by Adam Miller and a team of industry veterans that later went on to launch Revel, Why Cycles created a range …

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BA working to address logistics costs and quality issues faced by trade

The BA is working across the industry to find a solution to the rising logistics costs and quality issues faced by the cycling trade. Over the past year, the cycling market has experienced ‘unprecedented’ growth, with the BA projecting a £1 billion increase in the UK cycling market. The cycling …

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Gloucestershire e-bike retailer opens new site in Bristol

Property consultants Alder King has let a studio unit on the Paintworks scheme in Bristol to an expanding Gloucestershire e-bike retailer. Edemo Electric Bikes is a specialist Riese and Muller e-bike dealer based in Nailsworth. Following growth in sales over the past year, the company decided the time was right …

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Delfast to transfer e-bike production from China to Ukraine

Delfast has taken the first steps to transfer e-bike production from China to Ukraine with an agreement with the Elmiz factory in Kyiv. The parties agreed on the joint manufacture and assembly of the e-bikes. Delfast said it plans to manufacture its first five e-bikes during May, and gradually increase …

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UK cycling market valued at £2.31 billion in 2020, reports BA

The cycling market was valued at £2.31 billion in 2020, an increase of 45% vs 2019, the BA has revealed in a new impact report. Building On The Boom: The UK Cycling Market in 2020 and Beyond was produced using data from the BA’s Market Data Service (MDS), powered by …

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Insync to accelerate production to prepare for ‘summer of cycling’

Insync Bikes is accelerating production of affordable family bikes as it prepares for a summer of activity boosted by the pandemic cycling boom. The brand, part of Indian-owned Hero Cycles, is urging independent bike dealers to get in touch to secure models from its ranges as it anticipates delivery of …

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Thule Group presents new long-term financial goals and sustainability ambitions

The Thule Group has presented new long-term financial goals and sustainability ambitions, in connection with its presentation of Q1’s financial results. Net sales for the first quarter of 2021 amounted to SEK 2,538m (1,744), corresponding to an increase of 45.5%. Adjusted for exchange rate fluctuations, sales increased 56%. Operating income …

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French cycle market jumps 25% in 2020

The French cycle market jumped 25% in 2020 compared to 2019, Union Sport and Cycle has found. While the first months were ‘chaotic’ for professionals in the sector, with the closure of industries and the slowdown in supply chains, 2020 ‘considerably accelerated’ the momentum of the market cycling in recent …

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Tandem Group acquires new site to increase distribution capabilities

Birmingham-based Tandem Group has purchased over three acres of land to increase its distribution capabilities with the support of a seven-figure commercial mortgage from HSBC UK. The new site is adjacent to the Group’s current HQ in Castle Bromwich and, once developed, will generate an additional 80,000 sqft of purpose-built …

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BRC reports 8% sales increase in March with ‘historic’ online growth

The British Retail Consortium (BRC) has reported an 8.3% increase in total sales this March compared to the same period in 2019. The data covers the five weeks from 28th February-3rd April, with the BRC’s 2021 figures now year-on-two-years (Yo2Y), rather than year-on-year (YoY). This is to reflect 2020 being …

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