News

Partnerships, acquisitions and investment news throughout the cycling industry

Parlee’s reboot leads to dealer growth and improved inventory management

Parlee’s all-new Taos gravel bike may have arrived at Eurobike a day late, but a strong finish at the global trade show has it poised for both domestic and international growth. The brand was acquired by new owner and CEO John Harrison in October 2023, and quickly set about modernising …

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The top five jobs in the bike trade this week – 16th August

The BikeBiz jobs board helped fill more than 720 positions in 2023, and listings are still on the rise. Here’s our latest top five… Area Account Manager – Ison Distribution Working externally and supported by a great team of colleagues at our Ely HQ, this is an exciting opportunity for …

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Giant Group revenue down 12.6% through first half of 2024

The Giant Group has announced that its first half revenues were NT$37.23 billion – approximately £900 million – a 12.6% decline from the same period in 2023. According to an update issued earlier this week, due to profit growth in China, group gross margin rate was at 21.3%, net profit …

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Schwalbe surpasses one million tyres recycled

Schwalbe’s tyre recycling programme has reached a significant milestone. Since the introduction of the holistic and, to date, unique recycling system, one million bicycle tyres have been collected, recycled and returned to the cycle of reclaimed material going back into new products. In tangible terms, this means that they are …

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Scott USA appoints Matt Heitmann as CMO

Scott USA, the American subsidiary of Scott, has announced the appointment of Matt Heitmann as its new CMO. Heitmann, who has held leadership roles at SIGNA Sports United, BMC, Canyon Bicycles, USA Cycling, and Backcountry brings over 25 years of experience in business management, brand strategy, digital and growth marketing, …

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Lee Valley VeloPark to invest in track barrier

A number of improvements have been confirmed at Lee Valley VeloPark as the venue looks to cement its status as a “world class” venue. Following the opening of Lee Valley VeloPark’s gym, work will shortly start on a new track barrier and meeting rooms overlooking the track. The perspex barrier …

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Tern appoints Double Digit Communications for North America market

Double Digit Communications has announced a new working partnership with Tern Bicycles, becoming the Taiwanese brand’s agency of record in North America. Double Digit Communications sees the partnership as a unique opportunity “to be part of the team that will help more people connect with this iconic brand, and experience …

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Café du Cycliste arrives at the Giant of Provence

Café du Cycliste has opened the brand’s third retail space, in the village of Bédoin, at the foot of the legendary Mont Ventoux. Only a few mountain roads away from the brand’s home in Nice, the new boutique brings its premium cycling style to one of road cycling’s holy places. …

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Shimano extends partnership with Amaury Sport Organisation

In a move that underscores an ongoing commitment to cycling, Shimano and Amaury Sport Organisation (A.S.O.) have announced the extension of their successful partnership for an additional four years, now running until the end of 2028. Shimano’s long-standing relationship with A.S.O. is understandably seen as a testament to its deep-rooted …

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WBIA elects new board and president

The World Bicycle Industry Association (WBIA) has announced the election of a new board and the appointment of Bayram Akgül as its new president. Akgül was appointed member of the CONEBI board of directors in November 2023 and he will continue also in that position. Akgül, who leads his family …

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