PADUA, Italy (BRAIN) — An Italy-based organization is raising money by raffling pro team bikes to support the building of a children's maxillofacial operating room in Armenia.
STOCKHOLM (BRAIN) — Nordic Capital Fund, the largest shareholder in Thule, has spun off its shares of the company in a public offering that values Thule at nearly $1 billion.
STUTTGART, Germany (BRAIN) — Joe Parkin, the former editor at Bike and Paved magazines, is joining the Germany-based Enduro Mountainbike Magazine as its chief editor for the U.S.
SANDY, Utah – (BRAIN) — Reynolds Cycling has appointed Leggera Technologies International, an Asian-based bicycle consulting company, to assume sales and marketing duties for Reynolds Cycling's aftermarket products throughout Asia.
KOBLENZ, Germany (BRAIN) — Canyon Bicycles is eyeing growth in the Asian market. The German consumer-direct brand has launched Canyon Japan.
SHENZHEN, China (BRAIN) — With a goal of doubling annual production to 1 million bikes, folding-bike maker Dahon has relocated to a larger factory in the Songgand district of Shenzhen, China.
BOULDER, Colo. (BRAIN) — Stages Cycling products are now available in South Korea via Welltuned, a distribution branch of the Hung-A corporation. This new partnership serves as Stages Cycling's entry to the Asian cycling market.
CHICAGO (BRAIN) — SRAM is stepping up to become the co-title sponsor of the women's team formerly known as Specialized-Lululemon. This is SRAM's first venture into title sponsorship on the road.
COLORADO SPRINGS, Colo. (BRAIN) — Koobi, a small saddle supplier that targets the triathlon market, has added two new international distributors to its roster, said Phil Schweizer, the company's founder.
FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the Eurobike trade show are planning a pre-show event for the cycling media, to be held June 30-July 2 in Kirchberg, Austria.
HEERENVEEN, Netherlands (BRAIN) — Accell Group is bullish about the second half of its 2014 fiscal year, expecting to book higher turnover and net profit in all of its key markets.
The Dutch company owns Accell North America and the Raleigh, Diamondback, Lapierre and Redline bike brands, among others.
WILTON, Ct. (BRAIN) — The final 2015 Cannondale-Garmin ProTour team roster includes members of the former Cannondale Pro Cycling team and the Garmin-Sharp team.
SANTA MONICA, Calif. (BRAIN) — Bonk Breaker products are going to be distributed in Norway, Denmark and Sweden by Gaia Sport, a distributor co-owned by Danish triathlete Rasmus Henning.
SAN FRANCISCO (BRAIN) — Timbuk2 has extended its current contracts with its Korean and Japanese distributors, Anvil SNH Co. and Itochu Fashion System, respectively.
PETALUMA, Calif. (BRAIN) — Yuba Bicycles has signed eLastenrad, a German online seller of electric cargo bikes, as its new European distributor.
LONDON (BRAIN) — Investcorp has agreed to buy Dainese, the Italian protective gear maker, from Lino Dainese for €130 million ($162 million). Mr. Dainese will retain a minority stake in the business alongside Investcorp.
TAICHUNG, Taiwan (BRAIN) — Walk into the Splendor Hotel, and it is hard to believe that Taichung Bike Week organizer Steve Fenton promised last year to cut the show back in size. The show is almost a third larger this year, yet the 430 exhibitors say the intimate feel of the event remains intact.
OSAKA, Japan (BRAIN) — When the Bank of Japan announced a massive new stimulus program Friday, world stock markets jumped and the yen dropped to its lowest point since early 2008. But the news is unlikely to change Shimano Inc.’s financial forecast for the remainder of the year.
MILAN, Italy (BRAIN) — Luxottica Group SpA, parent of optical brands including Oakley and Ray Ban, reported this week that third-quarter net income rose 10 percent to 162 million euros ($204 million) fueled in part by strong sales growth of more than 30 percent in emerging markets including China, Brazil, India and
BERN, Switzerland (BRAIN) — The World Federation of the Sporting Goods Industry (WFSGI) has elected ISM Saddles’ Dave Schindler and Selle Italia’s Piet van der Velde chairpersons of the organization’s new Bicycle Saddle Committee.