Brompton has launched online at John Lewis – marking an expansion into the retail sector for the British brand with its first department store retail partner. From today, Monday, May 22, a range of Brompton bikes, along with some luggage and accessories will be available online at John Lewis. The …
Read More »
Distributor 2Pure has entered administration, according to an update on Companies House. On Friday (May 19), the company announced through documents on Companies House that an administrator had been appointed. This follows the news that managing director George Bowie had left his position earlier this month. 2Pure, based in Livingston, …
Read More »
The Bicycle Association (BA) has launched its new free Investors in Cycling 2023 Webinar and Podcast series with a different theme each month. June 2023 is focused on making the most of the current sales environment and how to use free market data and consumer finance to shift stock. Stock …
Read More »
The Giant Group has reported a 9.6% drop in sales for Q1, citing inventory levels in the European and North American markets as well as the higher year-on-year comparison base as the reason. The Taiwanese company’s sales in Europe and North America were impacted by higher inventories of entry-level and …
Read More »
Wahoo Fitness has received “significant” equity support from current and new investors which will see the brand eliminate all debt and provide cash liquidity. Led by Wahoo’s Founder, Chip Hawkins, Wahoo says it has “fully recapitalised” its business with support from investors who have experience in supporting diverse connected fitness …
Read More »
Mycle, the British e-bike brand, has announced a transition towards a hybrid business model, offering B2B sales alongside direct-to-consumer channels. The switch has already seen several successes, with Mycle opening a first outlet store in Sidcup, London as well as partnering with several retailers around the UK. Mycle decided to …
Read More »
Brompton Bicycle has agreed to sell a £19 million stake in the company after shareholders approved an investment from the Business Growth Fund (BGF), which is backed by multiple high street banks. Since 1975, Brompton has been independent, owned by the founder Andrew Ritchie, the current CEO Will Butler-Adams, their …
Read More »
The Electric Bike Shop has announced that it has added US bike brand Niner to its portfolio. The Niner Bikes brand is based out of Fort Collins, Colorado and specialises in making high quality off road bikes. Founded in 2005, Niner began selling mountain bikes with 29-inch wheels at a …
Read More »
The Cycling Plus, MBUK and BikeRadar bikes of the year 2023 have been unveiled, with Vitus, Orbea, Giant, and Scott all taking home plaudits. First launched in 2009, the Bike of the Year awards are hosted by the consumer magazines in the Our Media (part of Immediate) cycling portfolio. After …
Read More »
British boutique bike brand Vielo has announced a move to a direct-to-consumer model, citing major brands clogging up supply lines as the driving factor. Vielo, founded by father and son Ian and Trevor Hughes in 2017, is a specialist brand that builds premium road and gravel bikes optimised for 1x …
Read More »
BikeBiz Bicycle and cycling retail news