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International

DT Swiss photo.

OBORNIKI, Poland (BRAIN) — DT Swiss is now assembling all its forks, shocks, dropper posts and remote levers at its DT Swiss Polska Sp. facility in Poland. Previously the assembly was done at the company's facility in Taichung, Taiwan.

TAIPEI, Taiwan (BRAIN) — Giant Manufacturing says bike sales in China continue to be a bright spot, but inventory reductions in Europe and North America continue to dampen overall sales.

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN) — Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year.

Tagged Earnings/Financial Reports

(BRAIN) — Police were reportedly called to Scott Sports headquarters in Switzerland on Wednesday afternoon to respond to what officials said was "a dispute between managers." 

A building in Hualien County, Taiwan, on Wednesday. Photo released by Taiwan Presidential Office.

TAIPEI, Taiwan (BRAIN) — Industry members in Taiwan say Wednesday's 7.4 magnitude earthquake did little more than shake up residents and perhaps knock some products off the shelves.

Beat goes on.

GIVISIEZ, Switzerland (BRAIN) — Industry veteran Beat Zaugg, who has been an owner of Scott Sports since 1998, says he remains the brand's CEO, a minority shareholder and chairman of its parent company board, despite a news release Friday saying that the board had fired him.

GIVISIEZ, Switzerland (BRAIN) — Scott Sports Board of Directors replaced CEO Beat Zaugg "to refresh Scott's development to become a world-class manufacturer in bikes and other outdoor sport categories."

 The Juggernaut FS Step-Thru was among the models stolen.

DELTA, British Columbia (BRAIN) — A 40-foot shipping container with 150 Biktrix e-bikes valued at more than $500,000 — including some 2025 prototypes — was stolen from a warehouse here during the early morning hours of March 19.

SHIREBROOK, England (BRAIN) — The Wiggle and Chain Reaction Cycles e-commerce websites will relaunch in the United Kingdom after Frasers Group acquired them and their house brands, including Nukeproof and Vitus Bikes.

TAICHUNG, Taiwan (BRAIN) — On Wednesday, Giant Group's board approved its full 2023 financial report, which shows consolidated sales of NT$76.95 billion ($2.44), an annual decline of 16.4%.

Tagged Earnings/Financial Reports

OBERWANGEN, Switzerland (BRAIN) — E-bike brand myStromer AG said it achieved "sustainable" growth last year of more than 10%. The privately held company did not release financial details. 

Tagged Electric bike / Earnings/Financial Reports

FRANKFURT (BRAIN) — Eurobike organizer fairnamic GmbH has set the date for next year's show: Eurobike 2025 will be held June 25-29.

Tagged Tradeshows and conferences / Eurobike

WASHINGTON (BRAIN) — A public comment period ends next Wednesday, Feb. 21, for industry members and others who want to tell the U.S. Trade Representative's Office how they feel about extending an exclusion from a 25% tariff on Chinese-made bicycle products.

Tagged Tariffs / Electric bike

ZURICH (BRAIN) — Brands looking to add some Swiss precision to their bike products are looking to 9T Labs, a 5-year-old continuous fiber composite manufacturer. The brand might be a common sight on some high-end bikes and parts from major brands in the coming seasons.

Schwalbe's factory in Vietnam.

REICHSHOF, Germany (BRAIN) — Schwalbe, which historically has split tire and tube production between its factories in Indonesia and Vietnam, says it is focusing on Vietnam exclusively at least for the time being. 

KORTRIJK, Belgium (BRAIN) — At the Velofollies trade fair here this week, Belgian Cycling Factory is relaunching the Eddy Merckx bicycle line, which has been off the market for several years. 

Photo courtesy Scott Sports

SEOUL, Korea (BRAIN) — South Korean apparel brand Youngone Corp., which acquired a majority share in Scott Sports in 2015, has loaned its subsidiary 150 million Swiss francs ($176 million).

Tagged Mergers, Acquisitions & Investments

PORTLAND, Ore. (BRAIN) — The MADE handmade bike show, which held its first show last year in Portland, will add a second this June in Australia. The Made Australia show will be June 28-29 at the Darebin International Sports Centre in Thornbury, Victoria, near Melbourne.

Tagged Consumer Expos and Rides
Nils Amelinckx.

(BRAIN) — UK industry professional Nils Amelinckx, who helped establish the cycling side of Lyon Equipment, died Tuesday after a 6½-year battle with cancer.

ASHEVILLE, N.C. (BRAIN) — Industry Nine created an online store designed to benefit European consumers and provide faster shipping and service turnaround.

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