World
Sustainability Report Lifts the Lid on Bike Industry
Many bicycle industry members feel good about the idea that they’re selling environmentally sustainable products. But exactly how environmentally friendly is the process of manufacturing, distributing and selling bicycles? Trek Bicycles have just released their first annual Sustainability Report, which answers some of these questions. In his introduction to the report, Trek’s President, John Burke…
Eurobike 2021 Marks the End of an Era
Despite covid restrictions, the Eurobike Show is proceeding this year, albeit on a smaller scale. After 30 years, the final Eurobike show to be hosted at Friedrichshafen is being held from 1st to 4th September 2021 probably with not one of the usual 200 or so Australian attendees able to visit. For many Australians, it…
Life Time Buys Sea Otter Classic
Frank Yohannan, who has owned and operated the Sea Otter Classic for more than 30 years since he founded the event from scratch, has sold to Life Time, a multi-billion dollar fitness and event company. Life Time already owns a range of major cycling, running and triathlon events across the USA including the Leadville 100,…
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…
