Industry

Bob Margevicius' Wife, Elaine Enick, Dies

Bob Margevicius' Wife, Elaine Enick, Dies

Elaine M. Enick, the wife of Specialized Executive Vice-President, Bob Margevicus, was fatally injured on Saturday, August 19 when she was hit by a train in an accident near their home in Santa Barbara...

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Merida See 2017 H1 Profits drop by 50%

Merida See 2017 H1 Profits drop by 50%

Merida has released its financial statement for the first half of 2107. While total sales revenue for the entire group was down by 7% YOY at NT$12,129 million (approx. US$ 400 million), profits nosedived by nearly 50% YOY to NT$447.32 million (approx. US$ 14.76 million)...

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Mobike to Launch in London

Mobike to Launch in London

London, UK – Chinese bike-sharing giant, Mobike, has announced the launch of its service in London, starting with the West London borough of Ealing. The launch comes hot on the heels of Mobike’s initial UK bike-share scheme in Manchester just a few weeks ago...

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Shimano Sees First-Half 2017 Sales Drop

Shimano Sees First-Half 2017 Sales Drop

Shimano has announced that its bicycle segment net sales declined by 2.7% in the first half of this year, while operating income decreased by 11.5%...

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Accell Group Records Drops in Bike Sales & Profits in First-Half 2017

Accell Group Records Drops in Bike Sales & Profits in First-Half 2017

Accell Group have announced financial results for the first six months of 2017. While net turnover increased by 0.7% to € 634 million, net profit was just € 26.3 million—a fall of 22.7% compared to the same period last year...

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Accell Group Announces Appointment of New CEO

Accell Group Announces Appointment of New CEO

Accell Group N.V. have announced that the supervisory board intends to appoint Ton Anbeek as Chief Executive Officer (CEO) and Chairman of the Board of Directors as of 1 November 2017. Mr. Anbeek is currently CEO of Beter Bed Holding N.V...

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Another German Bike Manufacturer Applies for Insolvency

Another German Bike Manufacturer Applies for Insolvency

As MIFA continues its long-running solvency struggles, fellow German bike manufacturer, Euro-Bike has now also applied for insolvency...

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