Industry News
EDEWECHT, Germany (BRAIN) — The German distributor Sport Import is investing in the two-year-old carbon wheel company Knight Composites, and will distribute the brand throughout continental Europe.

OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.

DURANGO, Colo. (BRAIN) — Greg Herbold is retiring from work with SRAM and RockShox after 25 years with the brands as a racer, product developer and ambassador.
LAKE SUCCESS, N.Y. (BRAIN) — Polar has appointed Stan Brajer as its senior VP of U.S. sales and marketing. Brajer brings more than 20 years of experience in sports, fitness and retail to Polar. Previously, Brajer he was VP of U.S. sports sales for Timex.
LEXINGTON, S.C. (BRAIN) — Hawley is now distributing bike and ski bags from the German brand EVOC.
The announcement comes less than 12 months after Lambert, Hawleys' sister company, relaunched EVOC in Canada. EVOC products will be available for ordering from Hawley in October.
MILAN (BRAIN) — Luxottica Group's first half profits fell and the company has pulled back on its forecasts for the remainder of the year.
SQUAMISH, British Columbia (BRAIN) — Mountain bike website PinkBike.com is holding its third annual video contest with GoPro.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has launched of a series of educational seminars designed specifically for suppliers and their staffs.
SALT LAKE CITY (BRAIN) — The North American Handmade Bicycle Show has opened registration for new exhibitors. The thirteenth edition of NAHBS will be held next year in Salt Lake City, March 10-12. Applications for new exhibitors are now being accepted.
TRUCKEE, Calif. (BRAIN) — Over the next five days some 300 dealers, many of them authorized Salsa dealers, will get a peek at what Quality Bicycle Products has to offer for 2017.

WILTON, Conn. (BRAIN) — Cycling Sports Group has promoted Nick Hage to general manager IBD U.S. and appointed Steve Reeds senior vice president operations.
HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.
SCOTTSDALE, Ariz. (BRAIN) — The Glukos Company Inc. has expanded its roster of action sports athletes by signing BMX and mountain bike icon Mike King.
STOCKHOLM (BRAIN) — Thule Group reported gobal sales growth of 8.2 percent in its second quarter, but the company said said the Sports Authority and Sport Chalet closured hampered sales in the U.S.
OLNEY, Ill. (BRAIN) — KHS Bicycle Parts has hired Lee Kilpatrick to expand the importer's sales of Sapim spokes and Ryde rims to OEMs and specialty wheel builders.
PHILADELPHIA (BRAIN) — Organizers of the Philadelphia Bicycle Expo have hired O2 Active as communications consultant for the 2016 event, which will be held at the Pennsylvania Convention Center, Nov. 5-6.
PARK CITY, Utah (BRAIN) — All management of Time Sport USA has been moved to the Rossignol Group's North American headquarters here, the company announced Tuesday.

PORTLAND, Ore. (BRAIN) — A ceremonial unlocking of the first Biketown bike and inaugural ride across Tilikum Crossing took place Tuesday at the launch of Portland, Oregon's bike share.
NEWBURY PARK, Calif. (BRAIN) — More than 100 Giant retailers saw Giant's new model year 2017 bicycles and gear from the Giant, Liv, and Momentum brands at Giant's annual meeting with its key retailers here this week.
Zwift and Team Dimension Data promotion aims to donate 5,000 Buffalo Bikes to South African villages

BERNE, Switzerland (BRAIN) — Zwift, the online indoor riding platform, is working with the Team Dimension Data pro road cycling squad on a promotion intended to send 5,000 Buffalo Bikes to villages in South Africa.