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Europe's bike industry hits bumps as cycling craze cools

At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.- Discounts, bankruptcies - Buoyed by cycling's fast-paced growth during the pandemic and wanting to get ahead of any future supply chain snarls, many industry players increased their orders during the boom.
Burkhard Stork Oliver Arlt Manuel Marsilio Andreas Gutacker Dutch Accell Group Signa Sports United
Source: yahoo.com

Access Group closes Ghost Bikes' German factory

WALDSASSEN, Germany (BRAIN) — Accell Group no longer will manufacture Ghost Bikes in Germany, with the brand's production being integrated into Accell's European manufacturing network.The company blamed the factory closure on a challenging market. The factory employed 120 workers. Where the bikes will be manufactured was not announced."This will allow the business to better
Tjeerd Jegen Accell Group Other Accell Group Ghost Bikes Canyon Bicycles

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