Business

Partnerships, acquisitions and investment news throughout the cycling industry

United Sports Brands acquires cycling brand Pearl Izumi from Shimano

United Sports Brands (USB) has acquired Pearl Izumi USA from Shimano. The manufacturer and retailer of cycling apparel and accessories will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands. Pearl Izumi was founded in Tokyo in 1950 and …

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Vista Outdoor to separate outdoor products and sporting products segments

Vista Outdoor Inc. has announced plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. Following the separation, the company said its Outdoor Products segment …

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Madison partners with Tooo Cycling for exclusive UK distribution

Madison has announced a partnership with Tooo Cycling for exclusive distribution of its products in the UK cycle market. Based in Shenzhen, China, Tooo Cycling is an exciting new player in the bike camera market. The name is a derivative of an ancient Chinese character meaning road, journey or trip …

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Accell brands equipped with Smartfit online bike sizing tool

Smartfit is continuing to gain momentum, with the Accell Group now relying on the digital bike sizing tool. Accell brands Winora, Ghost, Haibike and Raleigh are already equipped with the intuitive solution of the Freiburg-based company, with other brands from the portfolio set to follow in the coming weeks. “We …

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Global cycling boom “cooling down”, says Shimano

Shimano has released its financial results for the first quarter of FY2022, with net sales from its bicycle segment increasing 13.9% from the same period of the previous year. The global cycling boom showed signs of cooling down, said the company, with market inventories of entry-class and middle-class bicycles approaching …

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BikeBiz May edition is now available

The May edition of BikeBiz is live now. Read the digital edition online here. Never miss an issue, subscribe to BikeBiz for free here Can anyone else remember their first bike? Somehow my first adventure on two wheels escapes me, but if there’s one thing I’m certain of it’s that it was nowhere …

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Raleigh takes over UK distribution of Babboe cargo bikes

Raleigh has announced that it is taking on the UK distribution of Babboe Cargo Bikes. The company launched its own electric cargo bike range Stride last year and said it is excited to take on Babboe too. From today onwards, a UK specific range of Babboe bikes, accessories and spares …

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Tandem Group CEO Jim Shears to leave company

The Board of Tandem Group plc has announced that Jim Shears, the company’s chief executive officer, is due to leave the company by mutual agreement. Shears will resign as a director of Tandem on 6th May 2022. Stephen Grant, the company’s non-executive chairman, will assume an interim executive role. The …

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Batribike’s demo scheme sees high uptake from dealers

Batribike has said it has seen a high uptake in its demo bikes scheme, following its launch to dealers in March. Dealers choose two bikes from band A and one from band B, giving a total of three bikes. The bikes are then invoiced to be paid at the end …

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Hero Cycles announces plans for new assembly line in Manchester

Hero International (HIT), part of India’s Hero Motors Company (HMC), has announced plans to add a new e-cycle assembly line within its manufacturing facility in Manchester. The assembly line will produce high-end, IoT enabled electric cycles and push bikes for customers in the UK and EU and forms part of …

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