Business

Partnerships, acquisitions and investment news throughout the cycling industry

Bristol-based bike parts manufacturer reports 250% growth in online sales to US

Tru Tension has reported a 250% growth in online sales in the last year to the US. The Bristol-based bike parts manufacturer, which was featured on Dragon’s Den in 2018, expects to generate sales of £20 million over the next five years. Tru Tension was established by Chris Frappell in 2015 …

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New dates, new concept, new venue: Eurobike heads to Frankfurt from 2022

Eurobike is relocating from Friedrichshafen to Frankfurt from 2022. The move will once again reshuffle the cycling industry’s calendar, with the new iteration taking place from 13th-17th July. The first three days, reserved for the trade, will be followed by a ‘festival weekend’ open to the general public. It comes …

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Motion Forward launches to support UK bike fleets

Bike for Good and Vélogik have teamed up to launch Motion Forward, a partnership aimed at promoting expert maintenance and servicing ‘for a successful and well-used bicycle fleet’. The joint venture specialises in BTOB bike maintenance and aims to encourage more people throughout the UK to adopt cycling, both as …

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CUBE expands production site with new warehouse

CUBE has started the construction of an additional storage warehouse. The brand is currently running up against its storage capacity, it said, while further growth in the industry is expected in the coming years. To anticipate this growth, extra storage space is now being created. The new warehouse will be …

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SixSixOne appoints Upgrade as exclusive UK distributor

Upgrade Bikes has been appointed the exclusive distributor of SixSixOne for the UK. The distributor will offer the ever-expanding SixSixOne product lineup, featuring a range of protection, helmets, goggles, gloves, body supports and casual apparel. Dealers can now pre-order the next generation of MTB protection via the Upgrade B2B site, …

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Extra to exclusively distribute Rockstop in UK and Ireland

Extra is to start distribution of Rockstop products for the UK and Ireland from today, 21st June. Rockstop designs and manufactures inserts for mountain bike tyres as well as e-MTB and carbon mountain bike frame guards. “The trend for tubeless wheels has opened a new market for impact-resistant components,” said …

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Halfords sees strong demand for cycling products but says supply challenges “remain acute”

Halfords has announced its preliminary results for the 52 weeks to 2nd April 2021, with strong performance driven by share gains in motoring services, profitability improvements across the group, and share gains and strong demand in cycling. LFL sales grew 14.6%, with cycling up 54.1% LFL. There was strong cycling …

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Gone Biking Mad appointed exclusive distributor of Lindarets and Terske products for UK

Gone Biking Mad has been appointed the exclusive distributor of Lindarets and Terske products for the UK. “From the restless minds at Lindarets, Terske delivers high-quality products built with an eye toward durability, serviceability, and value,” said a statement. “From upgrade-worthy tubeless valves to hardware and tools you won’t find …

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‘3.3 million bikes sold in 2020’, research finds

UK bike volume sales rose an estimated 22% in 2020, according to the latest research from Mintel, with the number of bikes sold reaching an estimated 3.3 million, up from 2.7 million in 2019. Over a fifth (21%) of cyclists have bought a bike for themselves in the past 12 …

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TIME Bicycles appoints Conductor as global design, brand and content agency

Creative agency Conductor has been appointed as the global design, brand and content agency for TIME Bicycles. The creative partnership, in collaboration with experienced cycling industry brand and creative director Jordan Hukee, will focus on product updates and launches throughout the next year. “The TIME brand is steeped in innovation, …

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