World
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…
Shimano’s Malaysia Factory Closed Due to Covid Wave
The Shimano component factory in Malaysia has not yet restarted its production following a forced closure. The factory had to shut down completely last week after the Malaysian government issued a total lockdown from June 1 to June 14 considering the situation of COVID-19 in the country. Further delays in the supply chain are now…
Wiggle, Max Studio Acquisitions Proceed
As we anticipated in a previous article here, it has now been confirmed that global UK based mail-order company Wiggle is set to be acquired by a German group Sigma Sports United. This company is a global sports e-commerce and technology platform, not to be confused with the Sigma computer brand. “We’re proud and excited…