International
XIAMEN, China (BRAIN) — Carbon wheelset manufacturer Light Bicycle responded to increased demand in the past year by opening a warehouse in France, which will handle orders in the European Union.
SAN VENDEMIANO, Italy (BRAIN) — PM&Partners SGR, an Italian private equity company, has become the majority shareholder in Cytech, the parent company of Elastic Interface and other cycling brands.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19.
The campaign includes special packaging and QR codes that can confirm a product is authentic.
ŠUMPERK, Czech Republic (BRAIN) — The Hermann Hartje KG e-bike distributorship opened a new factory in the Czech Republic to expand its assembly and manufacturing capabilities.
TAICHUNG, Taiwan (BRAIN) — Three years ago, social media feeds filled with colorful, striking images of abandoned share bikes in China, piled into teetering mountains. They shocked the world, or at least inspired use of "shocked" emojis for a few hours.
TAICHUNG, Taiwan (BRAIN) — By now, most BRAIN readers have heard stories about extended delivery times for bikes and components from Asia. What's been less obvious is how those delays are harming some of the industry's smaller and newer brands.
TAIPEI, Taiwan (BRAIN) — For the remainder of this decade, Taiwan's component makers will leave millions of dollars on the table — and risk having other nations pick up the slack — unless its component manufacturers increase capacity as soon as possible, two global industry leaders say.
HEERENVEEN, Netherlands (BRAIN) — Accell Group NV announced Friday that its 2020 sales were up 17% over the year before, thanks to a fast recovery following the European COVID-19 lockdowns early last year.
STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.
LONDON (BRAIN) — The UK investment firm Cairngorm Capital Partners LLP has made a strategic partnership and investment in Whyte Bikes Limited, a British brand founded in 1999.
HOYA, Germany (BRAIN) — Hermann Hartje KG will distribute Mavic products in Denmark, Netherlands, Belgium, and Luxembourg beginning March 1.
Mavic previously was distributed in Denmark through Bike Toyz of Skodstrup, Denmark.
MATTIGHOFEN, Austria (BRAIN) — After entering the European e-bike market, motorbike giant Pierer Mobility AG, the parent of KTM Motorbike, Husqvarna Motorbikes, GasGas Motorbikes and WP Suspension, seems to smell further sales opportunities.
TOKYO (BRAIN) — After a rocky start, Shimano managed a 2.7% increase in revenues last year in its bike division, and an 18% increase in operating income in its bike business.
The international digital marketplace for cycling products has completed its initial public offering and will now be listed on the Australian Securities Exchange. The company raised AU$20 million ($15.3 million) in the IPO.
(BRAIN) — A C-student in whatever class comes before Economics 101 could predict price increases in the industry in 2020, given the imbalance between supply and demand. And 2021 will likely see retail prices go up another 10-25%, experts say.
TAIPEI, Taiwan (BRAIN) — Organizers of the Taipei Cycle show have postponed the 2021 edition, which had been scheduled for March 3-6. They did not announce new dates for the show.
LONDON (BRAIN) — A fire at Specialized Bicycles' headquarters had a "devastating effect," the company says.
MONTRÉAL (BRAIN) — The group that hopes to buy Dorel Industries' public shares and take the business private has raised its stock offer by about 10%, two weeks before shareholders vote on whether to accept the offer.
BIG FLATS, N.Y. (BRAIN) — Stan's NoTubes has broadened its expansion in Europe, Scandinavia, and the United Arab Emirates with four new distributors.
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