International
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. said its bike sales rebounded in May after a steep decline in March and April. Bike shops in Germany, Accell's largest market, began to re-open at the end of April. May sales were up 23% over the same month last year.
CHAVANOD, France (BRAIN) — Groupe Rossignol has announced the sale of the TIME bike and pedal business to WhaTTfornow, a four-year-old e-bike brand.
FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the ASEANBIKE 2020 show have announced they have postponed the inaugural event until sometime next year. Messe Friedrichshafen, the owner of the Eurobike show, had partnered with .C.C.
OSAKA, Japan (BRAIN) — Most publicly-traded bike companies' stock prices have seen a rebound since the pandemic, but Shimano's stock has rebounded and then some.
ANNECY, France (BRAIN) — Mavic has been put into receivership at the French commercial court in Grenoble, after being put under the management of a turnaround firm in February.
TOKYO (BRAIN) — Shimano reported Tuesday that its first-quarter bike division sales were down 15.4% from the same period last year. Operating income in the division declined 26.1%.
BRUSSELS (BRAIN) — The World Bicycle Industry Association is asking all countries to allow bike repair services to continue through the COVID-19 pandemic.
TAICHUNG, Taiwan (BRAIN) — As fears of COVID 19 have swept through markets worldwide, Giant Group is bracing for a difficult year ahead. However, record revenue for 2019 should help bolster the multi-national company as it attempts to minimize the virus’s impact on its global operations.
HEERENVEEN, Netherlands (BRAIN) — Accell Group said it has withdrawn a proposed dividend of 0.30 euros ($0.33) per share as part of its response to the COVID-19 pandemic.
TAIPEI, Taiwan (BRAIN) — Organizers of Taipei Cycle, the trade show originally scheduled to be held this month, have canceled a subsitute event that had been scheduled for mid-May.
SAINT-JEAN-DE-MOIRANS, France (BRAIN) — France's Rossignol Group, which owns Rossignol Bike, Time Sport and Felt Bicycle, says it is considering big changes to the Time frame business and its remaining frame factory in Slovakia.
HEERENVEEN, Netherlands (BRAIN) — Accell Group says its traditional bike sales were down 13% in value last year, while sales of e-bike were up 11% and of cargo bikes up 47%.
TAICHUNG, Taiwan (BRAIN) — The CEO of A&J Bicycles — one of the world's largest bike makers, with factories in Taiwan, China, Vietnam, and Cambodia — is warning customers of possible shipment delays due to the novel coronavirus outbreak in China.
TAIPEI (BRAIN) — The welcoming dinner, hosted by the Velo saddle company, Wellgo pedal and Prologo, has been canceled. The show is surveying registered visitors to see if they still plan to attend.
TAIPEI, Taiwan (BRAIN) — Taiwan-based exhibitors at the Taipei Cycle show — scheduled to open a month from Tuesday — are circulating a petition asking organizers to cancel it because of the new coronavirus outbreak in China.
SUZHOU, China (BRAIN) — Bafang, one of the world's largest e-bike drive system manufacturers, has announced that it is extending delivery lead times by at least 10-15 days because of the coronavirus outbreak.
TAIPEI, Taiwan (BRAIN) — Next month's Taipei Cycle Show will be held as scheduled, organizers announced, but visitors and exhibitors from mainland China will not be welcome. Organizers also said all workers at the show will be required to wear face masks.
(BRAIN) — Due to the spread of the coronavirus, Chinese businesses and government officials are extending the Lunar New Years holiday closing period until at least Feb. 8 in more regions, increasing the likelihood of bicycle shipment delays.
MILTON KEYNES, United Kingdom (BRAIN) —The U.S. industry, which depends on China for about 95% of its bikes as well as many of its parts and accessories, is bracing for disruption due to the Coronavirus. The virus has sickened thousands in China and led to travel restrictions into and out of the country, as well as within it.
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