International
KOBLENZ, Germany (BRAIN) — Canyon Bicycles announced Friday that two investment groups have taken "strategic equity investments" totaling $30 million in the Germany-based company.
OSAKA, Japan (BRAIN) — Shimano Inc.'s bike-related sales were up 17.2% in the first half of the year compared to the same period last year, while the company's operating income in its bike segment increased 20.2%.
FRANKFURT (BRAIN) — Organizers claimed success for the first Eurobike to be held in Frankfurt, which wrapped up Sunday.
FRANKFURT (BRAIN) — Brooklyn Bicycle Co. announced at Eurobike Wednesday that Ikandomore ApS, a Danish distribution company, will distribute Brooklyn bikes and accessories to independent bike shops across Europe. At Eurobike, Ikandomore is offering Brooklyn bikes for pre-order for spring 2023 shipment.
TAIPEI (BRAIN) — Taiwan exported nearly $2 billion worth of bikes, e-bikes and bike components in the first four months this year, up 28% from the same period last year.
DERBY, United Kingdom (BRAIN) — Forme Bikes reported the theft of e-bikes from a supplier while in transit between its headquarters here and its Italian assembly plant on Friday.
TREVIGLIO, Italy (BRAIN) — Bianchi announced Thursday that it will directly distribute in Scandinavia beginning Friday.
Announcing it as "a new phase of the company's growth plan," it will control distribution in Sweden, Denmark, Finland, and Norway.
HEERENVEEN, Netherlands (BRAIN) — A consortium headed by investment firm KKR has acquired 96.9% of Accell Group shares during the post acceptance period that ended Thursday.
HEERENVEEN, Netherlands (BRAIN) — A consortium planning to acquire Accell Group and take it private has said it will move forward with the offer despite not reaching a threshold of 80% of shares committed to the buyout.
BERLIN (BRAIN) — E-commerce retailer Signa Sports United announced a collaboration with third-party logistics company Rhenus Warehousing Solutions and the opening of a 215,278-square-foot parts warehouse.
HEERENVEEN, Netherlands (BRAIN) — A consortium's bid for Accell Group has failed, at least temporarily.
BERLIN (BRAIN) — E-commerce retailer Signa Sports United reported its first quarterly results that included numbers from WiggleCRC and Tennis Express, which it acquired in December. Quarterly sales were up 48% to 269 million euros ($288 million).
MUNICH (BRAIN) — Alpha Bikes, which has operated a Specialized concept store here since 2008, is switching to Giant bikes at the store in July. The retailer said Specialized's new consumer-direct strategy led to the change.
SYDNEY (BRAIN) — The Australian stock exchange has stopped trading BikeExchange’s stock at the company’s request. According to the stock exchange, the company requested the trading halt because of an expected announcement of “a material capital raising.”
MILAN (BRAIN) — Asobi Ventures, an Austin, Texas, group that acquired a majority share in Gruppo Srl in 2021, has acquired the remaining shares. Gruppo Srl is the parent of Cinelli and Columbus.
FELIXSTOWE, England (BRAIN) — Merida Bikes reported the theft of 133 bikes on Thursday from a container at a Southampton port that was on its way to its logistics facility here.
SCHLITTERS, Austria (BRAIN) — E-bike brand Nox Cycles officially opened its new headquarters in the Austrian Alps on Friday, combining production, administration, warehouse, showroom, and an in-house demo center.
The cost of the facility was 3 million euros ($3.1 million).
TAIPEI, Taiwan (BRAIN) — Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year.
ERMUA, Spain (BRAIN) — Orbea, the Basque co-op bike manufacturer, had its sixth consecutive record sales year in 2021, hitting 282 million euros ($298 million). The co-op added 170 news jobs in the year, bringing its total workforce to nearly 1,000, with 90% of its workers in Europe.
MORGAN HILL, Calif. (BRAIN) — Specialized has appointed Armin Landgraf as its Chief of Worldwide Markets, effective May 1.
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