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International

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.

Shimano's Malaysia headquarters.

OSAKA, Japan (BRAIN) — Shimano says it is investigating after a news report that a supplier to its factory in Malaysia has operated under conditions that are “akin to modern slavery.”

WELS, Austria (BRAIN) — Pierer Mobility AG said it has agreements to sell Felt Bicycle, which it acquired in 2021, to a consortium led by a current manager.

Tagged Electric bike / Mergers, Acquisitions & Investments

KOBLENZ, Germany (BRAIN) — Privately held Canyon Bicycles announced Monday that its year-on-year sales increased 23% in the first nine months of 2023. However, the company recorded a loss of 1.3 million euros in the period due to discounting and a shortage of some models that were in high demand.

Tagged Earnings/Financial Reports

WALDSASSEN, Germany (BRAIN) — Accell Group no longer will manufacture Ghost Bikes in Germany, with the brand's production being integrated into Accell's European manufacturing network.

Managing partner of group that acquired 3T last year will step in as CEO.
René Wiertz

BERGAMO, Italy (BRAIN) — René Wiertz, who has been with 3T for 16 years and helped transition it from parts supplier to a gravel bike brand with production in Italy, is stepping down.

TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first three quarters of the year were NT$62.1 billion ($1.97 billion), a decrease of 12.4% from the same period last year. The manufacturer's net income after tax was NT$3.12 billion, a 45% decrease year-over-year.

Tagged Earnings/Financial Reports

BERLIN (BRAIN) — Signa Sports United says it will restructure — including terminating some non-performing assets — due to the industry's "subdued demand and market overstock." SSU also plans to delist from the New York Stock Exchange, where its stock price has plummeted in recent months.

BANGKOK, Thailand (BRAIN) — Vittoria Tyres Thailand is opening a new 10,000-square-meter (108,000-square-foot) factory dedicated to cotton-casing tubular and clincher tires. The company said the factory, which will employ about 200 people, and is certified as carbon neutral by Climate Impact Partners.

TAIPEI, Taiwan (BRAIN) — Speed Tech, an electrical connector supplier, says VanMoof Asia owes it $5,038,000.

TAICHUNG, Taiwan (BRAIN) — Bike manufacturer Ideal Bike Corp. says its representative will make claims worth $1.52 million at a creditors meeting being held Monday by VanMoof Asia Ltd., a Taiwan-based business related to the Netherlands-based e-bike brand.

TAIPEI (BRAIN) — In the U.S., the concept of Environmental, Social and Governance reports has set off an economic/cultural/political "debate," as so many things do. But in Taiwan, ESG reports offer some useful data.

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