E-bike sales drive growth in Europe. HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.
Investment firm provides capital for expansion.
Sales of higher priced e-bikes in Europe continue to drive revenue and profits. HEERENVEEN, Netherlands (BRAIN) — Accell Group reported growth in revenue in the third quarter, which the Dutch conglomerate attributed to healthy sales of the company’s German and French bike brands. Accell owns several European brands including Batavus, Sparta, Koga, Loekie, Ghost, Haibike, Winora, Lapierre, Tunturi, Atala and XLC.
Company plans to move the brand to Taiwan, will continue some legacy products as it adds new models. SCOTTS VALLEY, Calif. (BRAIN) — Marzocchi is unlikely to contribute much to Fox Factory’s bottom line for at least a year, Fox executives warned investors Wednesday, saying it will take some time and money to resurrect the Italy-based brand, which is currently dormant
The retail tracking service says less traditional bikes are driving sales growth PORT WASHINGTON, N.Y. (BRAIN) — ?The NPD Group says IBD bicycle dollar sales grew 6 percent in the 12 months ending in August, driven in large part by growth in sales of electric, hybrid, and mountain bicycles. ? “Bicycle sales typically peak in April and May, but are picking up during the fall and early winter months, which coincides with the fact that cycling, regardless of season, has become embedded in the everyday lives of more consumers,” the group said in a press release Tuesday.
Approximately 1.5 million bikes affected in North America. BOULDER, Colo
LAS VEGAS (BRAIN) — Blackburn Design lost five display bikes as well as assorted gear and merchandise after thieves broke into its rental van early Saturday morning at the Mandalay Bay Convention Center following last week’s Interbike expo in Las Vegas.
Growth from e-bike sales in Europe; North American performance 'below expectations.' HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. noted that operating profit in the first half of the year was up 29 percent to $53.8 million (€49.1 million), while net profit was up 21 percent to $34.9 million (€31.9 million). Dutch conglomerate Accell Group owns a range of bike and accessory brands sold and distributed in various European countries including Batavus, Sparta, Koga, Ghost, Haibike, Lapierre and XLC.
It appears the rumors of Marzocchiâ€™s uncertain future has come to an unfortunate truth, with parent company Tecceco announcing its intention to discontinue the iconic Italian suspension brand. The future for the mountain bike business remains unknown.
Having made its mark in mountain biking with the Bomber fork in 1995, Marzocchi has a deep history in mountain bike suspension. With this, itâ€™s possible weâ€™ll see the name resurface under new owners â€“ especially given the mountain bike products have been manufactured in Taiwan since 2008.
However, this is all hearsay and the exact future for the mountain bike side of the brand remains uncertain. See below for the official press release sent out to Tenneco shareholders.
â€œLake Forest, Illinois, July 22, 2015 â€“ Tenneco Inc. (NYSE:TEN) announced today its intention to discontinue its Marzocchi motor bike fork suspension business and its mountain bike business, and liquidate its Marzocchi operations.
These actions are subject to a consultation process with the employee representatives and in total would eliminate approximately 138 jobs. Tenneco currently employs 127 people at the Marzocchi plant in Bologna, Italy and an additional 11 people in its operations in North America and Taiwan.
Tenneco intends to assist its motorbike customers with the transition of current production to an alternative supplier and expects to complete the closure by the end of 2015.
You can read more at BikeRadar.com
LAKE FOREST, Ill. (BRAIN) – Tenneco plans to discontinue its Marzocchi motor bike fork suspension and its mountain bike business, and will liquidate its Marzocchi operations, the company announced in a press release issued Wednesday.? The move, which Tenneco said is subject to consultation with employee representatives, would eliminate 138 jobs. Tenneco, a publicly traded automotive industy supplier, employs 127 people at the Marzocchi plant in Bologna, Italy, and an additional 11 people in its operations in North America and Taiwan.