World
Director of Cycling Fund Arrested, Charged with Fraud
Samuel J. Mancini is the managing director of a Denver, Colorado-based fund that had plans to acquire iconic global brands De Rosa, De Marchi and Limar. But Mancini was arrested in Denver late July and faces US federal securities fraud, wire fraud and money laundering charges. According to civil and criminal complaints, Mancini’s company, Outdoor…
Inside Information: Trade Show Wars and Industry Trends in Europe
Pre-covid, many Australian bicycle industry members made an annual pilgrimage to Eurobike, hosted by the scenic, small city of Friedrichshafen, Germany. Recently major changes been announced regarding the dates, ownership and host city for Eurobike, which will be hosted in July in Frankfurt from 2022. Plus, there’s a huge new competitor, in the form of…
Latest Data Reveals Bike Boom’s Scale in Europe
If Australian dealers needed any further explanation of why bikes have been in such short supply, it’s just arrived in the form of a major annual report by CONEBI, the Confederation of European Bicycle, E-Bike, Parts & Accessories Industries. The report collates the sales data of all 27 European Union countries, plus the UK (which…
Shimano New Factories
An Asian news source is reporting that Shimano plans to invest US$179 million (A$239 million) to build a new plant in Singapore that will open next year. According to the report from Nikkei Asia which you can see here, Shimano also decided to invest another $118 million (A$157 million) in its factories in Osaka and…
Bosch Pays A$1.345 million for a Domain Name
What’s in a name? Clearly a lot if that name is ebike.com! Robert Bosch GmbH, the huge multinational owner of Bosch eBike Systems, just paid US$1,008,900 (A$1,345,000) for the domain name ebike.com. According to dnjournal.com, the domain was previously owned by names company Legendary Names Inc, which bought it at an auction of expired domain…
Iconic Italian Brands Acquired by US Investor
Trek Announces Big Plastic Packaging Reductions
Popular Australian Founded Website Sold – Again…
CyclingTips was founded in Melbourne by Wade Wallace. It was a classic ‘bootstraps home business start up’ which became one of the most popular cycling websites not just in Australia but globally. It was later bought by another Melbourne based business, BikeExchange. In 2019 BikeExchange sold it to Canadian based global mountain bike site Pinkbike.…
Porsche & Yamaha Invest in Online Bike Retailer
Bianchi Invests to Quadruple Italian Production Capacity
As most Australian bicycle trade members, but perhaps not so many consumers realise, most of the famous European brands shifted the bulk of their production to Asia years ago. But faced with ballooning delays and freight costs, plus tight ‘anti dumping’ tariffs, more recently there has been a growing trend to move at least some…