Industry News
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HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. notched a sales increase of 3.3% in the first half of its fiscal year, but the company said it could have done better if not for supply and logistical issues.
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FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike released its initial exhibitor list this week for the upcoming 29th edition of the expo that will be held for the first time in two years following the COVID-19 pandemic.
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BOULDER, Colo. (BRAIN) — Titanium bike and component manufacturer Janus Cycle Group announced Thursday it sold all company assets to Phil Joseph, a former real estate executive.
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STOCKHOLM (BRAIN) — Continued global demand for bike helmets drove MIPS' year-over-year 115% net sales increase in the second quarter, with organic growth rising 139%.
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(BRAIN) — With 12 weeks to go until the scheduled event, organizers of Sea Otter Australia have decided to postpone it until 2022.
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POOLE, England (BRAIN) — Bike and motorcycle care company Muc-Off announced Wednesday it exceed a goal to reduce plastic packaging and will expand its Project Green initiatives.
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STOCKHOLM (BRAIN) — Thule Group net sales increased 58.1% for the second quarter year-over-year, partially driven by sport and cargo carrier sales with more people this year traveling by vehicle after the lockdown of 2020.
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OSAKA, Japan (BRAIN) — Shimano has re-opened its factory in Malaysia, according to a report out of Europe. The company's factory there had been closed since about June 14, and had operated at 60% capacity for two weeks before that, due to the COVID-19 pandemic.
![Mathias Ihlenfeld, Christian Bezdeka, Marcus Ihlenfeld, and Guido Dohm. Mathias Ihlenfeld, Christian Bezdeka, Marcus Ihlenfeld, and Guido Dohm.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/from_left_mathias-ihlenfeld_christian-bezdeka_marcus-ihlenfeld_guido-dohm-2100x1400-48684329-30e6-42cc-95de-d0b0ae1f9e47.jpg?itok=Ba-hmjlx)
AUSTIN, Texas (BRAIN) — Upscale consumer-direct kids bike brand woom has merged its U.S. and European operations, saying the move will enhance supply chain and manufacturing capacities and eventually double its workforce globally.
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BOULDER, Colo. (BRAIN) — Outside, the fast-growing media company that is parent to Bicycle Retailer and an array of outdoor sports media titles, is bolstering its presence in cycling by announcing the acquisition of Canada-based Pinkbike; Pinkbike's mountain bike mapping app, TrailForks; and CyclingTips, which Pinkbike acquired in 2019.
![The Garneau Mike Woods limited edition shoe. Photo by Tristan Cardew. The Garneau Mike Woods limited edition shoe. Photo by Tristan Cardew.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/tristancardewphoto_mikewoods_garneau_13.2.jpg?itok=xfjl5F7a)
SAINT-AUGUSTIN-DE-DESMAURES, Québec (BRAIN) — Louis Garneau Sports Group expanded into Europe this month with the opening of a distribution center in Toulouse, France.
![La Passione founders Yurika Marchetti and Giuliano Ragazzi. La Passione founders Yurika Marchetti and Giuliano Ragazzi.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/shooting_founders_lapassione.jpg?itok=zr9iBLvQ)
BRESCIA, Italy (BRAIN) — Italian consumer-direct cycling apparel brand La Passione has raised 7 million euros ($8.3 million) from a group of investors, including some of its existing investors, new investment funds and "business angels." The amount will be invested over four years.
![The MV Eemslift Nadine arriving at the Port of Everett on Monday. Photo: Leland Dart The MV Eemslift Nadine arriving at the Port of Everett on Monday. Photo: Leland Dart](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/ship_arrival_at_port_049.jpeg?itok=U1ncgeHU)
EVERETT, Wash. (BRAIN) — Like all bike companies, Rad Power has struggled to deliver enough bikes to meet demand for the last year and a half. But the Seattle-based consumer-direct powerhouse recently trimmed weeks off the transit time for its e-bikes by using an alternative seaport.
![Shawna Macan. Shawna Macan.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/shawna-macan.jpg?itok=2KHzMZ5A)
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: How have you differentiated your shop, and what are your best business practices?
![Shimano's Singapore offices. Shimano's Singapore offices.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/asia01.png.jpeg?itok=Ut7HNB_S)
OSAKA, Japan (BRAIN) — An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year.
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BOULDER, Colo. (BRAIN) — A study measuring how well bicycling infrastructure advanced transportation alternatives across socioeconomic and demographic groups will help guide cities building equitable infrastructure, according to the Better Bike Share Partnership.
![Cinelli Supercorsa. Cinelli Supercorsa.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/supercorsa_bici.jpg?itok=1f2QEmmm)
MILAN, Italy (BRAIN) — Asobi Ventures Inc. acquired a majority share of Gruppo Srl, the parent company of bike brand Cinelli and tube manufacturer Columbus. The companies did not disclose transaction terms.
![The Wahoo KICKR BIKE. The Wahoo KICKR BIKE.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/wahoo_kickr_bike_wfbike1_5_rightside34fronlow_0.jpg?itok=Sm2JGbSV)
LONDON (BRAIN) — Global private equity firm Rhône announced Wednesday it will make a "significant" equity investment in Wahoo Fitness. The transaction is expected to be completed in the third quarter. Additional financial terms were not disclosed.