International
HELSINKI (BRAIN) — Amer Sports on Thursday confirmed that it's continuing to explore a sale to a Chinese sports company and an Asian private equity firm.
FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of Eurobike are planning a bike show in Bangkok, Thailand, Oct. 3-5, 2019, they announced Monday.
HELSINKI (BRAIN) — Amer Sports, the owner of Mavic, Enve and other brands, has told its shareholders that Anta Sports Products has made a bid to buy Amer.
FOUNTAIN VALLEY, Calif. (BRAIN) — In May, more than a month before the Trump administration proposed a 25 percent tariff on China-made e-bikes, Pedego co-founder and CEO Don DiCostanzo went to Vietnam to look for factories to make e-bikes.
LONDON (BRAIN) — Rapha has cut 15 jobs at its headquarters in the name of reducing redundancy and costs, the company said. The company said sales were up significantly last year but that it now focusing on long-term profitable growth rather than short-term sales.
HELSINKI (BRAIN) — Amer Sports CEO Heikki Takala made clear Thursday that the company is considering selling off both its cycling brands, Mavic and Enve. In the most gentle but firm way, Takala said there might be a better owner out there, somewhere, for the brands, both of which he called "iconic."
HELSINKI (BRAIN) — Amer Sports says its Mavic cycling business is "under review" as Amer updates its strategy and looks to focus its portfolio of brands, which includes Salomon, Arc'teryx, Peak Performance, Atomic, Mavic, Enve, Suunto, Wilson and Precor.
COLORADO SPRINGS, Colo. (BRAIN) — Apache Bicycles, a 17-year-old bike brand based in the Czech Republic, is planning some changes to its marketing, which outraged many on social media in recent weeks.
BANGKOK, Thailand (BRAIN) — Vee Rubber Corporation, the parent of Vee Tire Company, is adding staff and expanding capacity at its Thailand factories as U.S. brands look for alternatives to Chinese production.
CALDONAZZO, Italy (BRAIN) — An Italian cycling site, cyclinside.it, is reporting that famed framebuilder Dario Pegoretti died Thursday following a heart attack.
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing says it racked up double-digit sales growth in e-bikes in Europe in the first half this year, contributing to a 7.9 percent increase in revenue. The company brought in NT$29.17 billion ($947 million) in the first half.
PAAL-BERINGEN, Belgium (BRAIN) — Belgian Cycling Factory, the parent of Ridley, Eddy Merckx Cycles and the Forza component brand, is distributing those lines direct to consumers in the UK and Ireland, effective Aug. 1.
Previously the brands were distributed by Sportline.
OSAKA, Japan (BRAIN) — Robust European e-bike sales and an average year for bike sales in North America led to a 6.8 percent sales increase in Shimano's bike division in the first half of 2018, the company said Monday.
HELSINKI (BRAIN) — Amer Sports, owner of Enve and Mavic, reported Thursday that sales in its cycling division were down 13 percent in the first half of 2018, to 60 million euros ($70 million). In the second quarter, sales in the division were down 11 percent.
HEERENVEEN, Netherlands (BRAIN) — Accell Group announced flat sales for the first half of 2018, with North American sales down sharply over the same period last year due to the loss of Dick's Sporting Goods sales.
BRUSSELS (BRAIN) — The European Commission has imposed provisional anti-dumping duties on e-bikes from China, with tariffs ranging from 21.8 to 83.6 percent, depending on which factory produced the bikes.
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike's organizers have made a quick switch to the show's 2019 dates, moving it back to its originally scheduled timeframe of Sept. 4-7. The show will include a one-day consumer festival.
HEERENVEEN, Netherlands (BRAIN) — Accell Group announced Friday that it has increased its minority stake in Velosophy to take over 100 percent ownership in the Dutch e-cargo bike company.
FRIEDRICHSHAFEN, Germany (BRAIN) — The 17-year-old Czech Republic brand, Apache Bicycles, made its first Eurobike appearance here this year. Apache's branding shocked some visitors from the U.S.
BERN, Switzerland (BRAIN) — The World Federation of the Sporting Goods Industry has formed a new e-bike committee focused on developing equipment regulations for competition.
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