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TAICHUNG, Taiwan (BRAIN) — Giant Group says it issued refunds on Dec. 1 to all its migrant workers who had paid recruitment fees in the past and it is hoping for a "swift" revocation of the Withhold Release Order that U.S. Customs and Border Protection issued in September.

Operation seized over $1.6M in counterfeit goods.

HANGZHOU, China (BRAIN) — AliExpress says it worked with Specialized and Chinese law enforcement to dismantle two counterfeit manufacturing operations in China, leading to the seizure of $1.5 million worth of fake products, including Specialized Roval frames, handlebars and wheels, and fake Pinarello, Cannondale, Ce

The groups are planning two online meetings to explain their decision.

BERLIN (BRAIN) — The two German trade groups that announced in October they no longer would support Eurobike are inviting international OEMs and suppliers to participate in one of two online meetings to explain their decision and to answer questions.

Tagged Eurobike
Janus Smalbraak.

AMSTERDAM (BRAIN) — CEO Janus Smalbraak is leaving Pon Holdings after 25 years, the past 15 leading the parent company of Pon.Bike. Smalbraak wrote a LinkedIn post that he will join Amsterdam investment company Parcom as a partner.

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WASHINGTON (BRAIN) — U.S. bike imports from China rebounded in July and August, probably in anticipation of increased tariffs that were then threatened to take effect in November.

VICENZA, Italy (BRAIN) — Campagnolo laid off 40% of its workforce after it reported losses of 24 million euros ($27.8 million) over the past three years.

FRANKFURT (BRAIN) — A week after ending an e-mobility show held in conjunction with Eurobike next year following two German trade groups’ objection to holding the events concurrently, Eurobike org

Tagged Eurobike
An electric vehicle shown at eurobike 2025. Photo courtesy of Eurobike.

FRANKFURT (BRAIN) — Eurobike organizers say they will not hold a distinct e-mobility event alongside the bike show in 2026.

Tagged Eurobike

(BRAIN) — SRAM has expanded distribution and servicing of its brands in Eastern Europe through Aspire Sports.

FRANKFURT (BRAIN) — Eurobike’s organizers say they were taken by surprise when two German trade groups announced Thursday that they were pulling their support for the show. 

Tagged Eurobike

TOKYO (BRAIN) — Shimano's sales of bicycle products through the first nine months of the year totaled 266,243 million yen ($1.749 billion), up 5% from the same period last year. Bicycle-related operating income in the period was down 27% from the same period last year, to 30,161 million yen.

Tagged Earnings/Financial Reports

TAIPEI, Taiwan (BRAIN) — Taiwan's three publicly traded bike factories are reporting their sales were down in September, year-over-year, although Ideal Bike, the smallest of the three, recorded sales closer to flat. 

Tagged Earnings/Financial Reports

HASTINGS, United Kingdom (BRAIN) — A Dublin-based private-equity firm announced Monday the acquisition of Whyte Bikes Ltd. and that the existing management team will remain.

Tagged Mergers, Acquisitions & Investments

TAICHUNG, Taiwan (BRAIN) — Giant Group is developing a plan to reimburse current migrant workers at its factories for recruitment fees they paid prior to Jan. 1, 2025, when the company began paying its current workers' recruitment fees.

(VELO) — The Belgian Competition Authority has handed SRAM a win in its dispute with the UCI over a new road-racing rule that would have made some SRAM drivetrains illegal in competition.

UPDATES: Giant says CBP never visited or communicated prior to its announcement; A Danish journalist's work appears to have inspired CBP to take action; Taiwan officials show support for Giant as its stock price rebounds.
Giant Group's Taichung headquarters.

TAICHUNG, Taiwan (BRAIN) — Giant Group says U.S. Customs and Border Patrol officials never visited its factories or had any direct contact with the company before announcing Wednesday that would detain Giant shipments to the U.S. because of alleged forced labor.

UPDATED with Giant response.

WASHINGTON (BRAIN) — Customs and Border Protection on Wednesday said it will detain bikes, bike parts and accessories made by Giant in Taiwan because of allegations of forced-labor use. The ruling appears to apply to products sold under Giant's brands or produced by Giant in Taiwan for other brands.

Trade concerns and continued discounting dampen the industry's outlook.
A model factory at Giant's Cycling Culture Museum, adjacent to its new headquarters.

TAICHUNG, Taiwan (BRAIN) — As the industry gathered here last week for Taichung Bike Week, a low-key but important OE event, companies are struggling with pockets of high inventory, pervasive fear of discounting, wars that are disrupting supply chains and markets, historically high U.S. tariffs, and high fuel costs in Europe, among other disruptions.

TOKYO (BRAIN) — Shimano has apologized after Japanese authorities cited the company for delaying payment to some subcontractors.

TAICHUNG, Taiwan (BRAIN) — Just prior to the opening of the Taichung Bike Week OE event here this week, three of Taiwan’s largest OE bike makers announced that operating revenues had declined in August, with two of them down for the year-to-date.

Tagged Earnings/Financial Reports / Taichung Bike Week

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