Industry News
OSAKA, Japan (BRAIN) — Shimano saw a slight increase in sales in its bike division through the first nine months of 2017, up 1.4 percent to 196 billion yen ($1.7 billion) over sales in the same period last year. Operating income in the division decreased nearly 5 percent over the period however.
BOULDER, Colo. (BRAIN) — Doug Emerson and Frank Banta called the Boulder Valley Velodrome their "field of dreams." Emerson and Banta built it, and cyclists came. Now the pair is seeking new owners who would take their dreams and make this Olympic-caliber velodrome a world-class venue.
BOULDER, Colo. (BRAIN) — Australia-based website CyclingTips.com has hired Caley Fretz to join its editorial team.
CHARLOTTE, N.C. (BRAIN) — On what was expected to be the peak day of Interbike's second annual Fall CycloFest trade and consumer festival, cyclists lined up at the Specialized booth all day Saturday to try out one of the Morgan Hill, California, brand's dozens of bikes available for demo at host venue the U.S.
NELSON, British Columbia (BRAIN) — Canadian distributor NRG Enterprises Ltd. has added CushCore, Ravemen, Melon and Julbo to its product offerings.
FÜRTH, Germany (BRAIN) —Crankbrothers has announced a new exclusive distribution arrangement for the German market with Cosmic Sports GmbH.
GRENCHEN, Switzerland (BRAIN) — BMC Switzerland has hired Greg Dolder as its global director of technology. Dolder comes to BMC with extensive experience in both the tech and bicycle industries.
SHERIDAN, Wyo. (BRAIN) — Foldaway Solutions LLC, the distributor of Oyama Bicycles, Uniche and BTP Bar Tape, has has hired industry veterans Barry Riemer and Ken DeCesari. Riemer joins as CFP and DeCesari is the new vice president of sales.

SIMI VALLEY, Calif. (BRAIN) — Raleigh Electric is partnering with the Los Angeles-based Bahati Foundation to auction a 2017 Redux IE e-bike. Proceeds will support the Foundation's philanthropic work.
PHILADELPHIA (BRAIN) — Dealers rushing to see the latest from their suppliers will not have to deal with consumer crowds at the Philly Bike Expo. For this year's show, Nov. 4-5, doors will open at 8 a.m. with the first two hours of the day reserved for dealers only. Consumers will be allowed in at 10 a.m.
TAICHUNG, Taiwan (BRAIN) — Taichung Bike Week drew some 470 exhibiting companies at five hotels in the city this week. Although the timing is late for U.S. product managers, Taiwanese vendors see it as their last chance to attract OE spec for the upcoming model year.

TEMECULA, Calif. (BRAIN) — The Boogaloo, a Class 1 eMTB race and demo event presented by Troy Lee Designs and Bosch eBike Systems, is heading to Southern California, following an earlier race at the Kamikaze Bike Games in Mammoth.
OAKLAND, Calif. (BRAIN) — HydraPak has hired Akimbo Communications to oversee the company's media relations in North America.

SANTA CRUZ, Calif. (BRAIN) — Ibis Cycles has hired Mariano Gon as the brand's new global sales director and Saris Mercanti as its new marketing manager.
BOULDER, Colo. (BRAIN) — PeopleForBikes brought together 10 bike industry leaders for a women's executive fly-in earlier this week.
TAINAN, Taiwan (BRAIN) — Charles Wu, who founded KMC Group in 1977, has passed away at his home in Tainan. He died Sunday at the age of 77 surrounded by his family. A funeral date is pending.
ASHEVILLE, N.C. (BRAIN) — Fox Factory is renovating a 20,000 square foot facility in South Asheville that will house a regional headquarters, with sales, finance, R&D, service and distribution for the company. Fox said the facility will eventually create about 47 new jobs.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V.'s board informed shareholders at a meeting Thursday that it will appoint Ton Anbeek as CEO and chairman of the board of directors, as it previously announced.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions has released dates for its winter Outdoor Retailer + Snow Show, its Summer Market and its Winter Market events through their 2022 editions.