International
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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 billion), an annual decline of 16.4%.
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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.
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FRANKFURT (BRAIN) — Eurobike organizer fairnamic GmbH has set the date for next year's show: Eurobike 2025 will be held June 25-29.
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.
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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. Schwalbe's factory in Vietnam.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/schwalbe-factory_in_vietnam.jpg?itok=jMm3yDyN)
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.
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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 Photo courtesy Scott Sports](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/2023_bradynlange_downieville_selects-06_by_tanner_stephens.jpg?itok=2KspCI7z)
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).
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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.
![Nils Amelinckx. Nils Amelinckx.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/1987-2023.jpg?itok=lJF0wu_u)
(BRAIN) — UK industry professional Nils Amelinckx, who helped establish the cycling side of Lyon Equipment, died Tuesday after a 6½-year battle with cancer.
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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. Shimano's Malaysia headquarters.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/asia02.png_0.jpeg?itok=9EZHK8YE)
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.
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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.
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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.
![René Wiertz René Wiertz](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/img_1000.jpg?itok=CctOHVVV)
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.
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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.
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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.