BikeBiz Bicycle and cycling retail news

In a £26m deal, Madison has split from H Young Holdings PLC and struck out on its own. Not quite on its own, mind, its joined by Leeda, the fishing equipment part of H Young. Former Madison MD Mark Walmsley returns as Chief Operating Officer. Still at the top is Terry Bowles, now Chief Executive. He said: Current order book is substantially up on last year and the new management team is enthusiastic about the outlook for the business going forward."

Instead of sending Christmas cards last year, Shimano Europe decided to donate the £9000 budget to a European cycling development project. And the winner was...

Now it's the BCF asking people to restrict their cycling. Think positive: advertise you stock of home trainers!

Environment Minister Michael Meacher says we Brits are too attached to our cars and that changes to our national psyche must occur if we are to save the planet (and cut congestion)

Schwinn/GT (Europe) Ltd today went into administrative receivership. The company reportedly has 11 containers of bikes sitting in a bonded warehouse that, even before today, could not be touched because the company did not have the funds to pay for them.