International
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.
TOKYO (BRAIN) — Shimano Inc.’s stock price fell nearly 14% on Wednesday following the release of its first-quarter earnings report Tuesday.
OBERWANGEN, Switzerland (BRAIN) — Stromer reached an agreement to merge with Spanish e-bike brand Desiknio Cycles SL. Details of the transaction, which is subject to customary approvals, were not released.
SHANGHAI (BRAIN) — The 31st China International Bicycle Fair scheduled for May 6-9 at the New International Expo Centre has been postponed as the city deals with rising COVID-19 cases.
PARIS (BRAIN) — Global sports retailer Decathlon is the latest company to announce it will suspend its business in Russia due to the Ukraine invasion. Most other brands involved in cycling have done the same.
TAIPEI, Taiwan (BRAIN) — Giant Group says its full-year 2021 sales were 81.8 billion New Taiwan dollars ($2.85 billion), up 17% from 2020.
DANA POINT, Calif. (BRAIN) — With consumer demand waning, inflation rising and stimulus money drying up, Wednesday's announcement that many Chinese bikes will become exempt from a 25% tariff was well-timed.
NEWBURY PARK, Calif. (BRAIN) — After initially being unavailable to comment to BRAIN, Giant Group and Orbea each now say they have halted business in Russia due to the country's invasion of Ukraine.
TAIPEI, Taiwan (BRAIN) — More than 13,500 people attended the four-day in-person TAIPEI Cycle trade show for the Asian industry that ended Saturday.
MILAN (BRAIN) — PIrelli announced Thursday that it would halt its operations in Russia except for security tasks.
MILAN, Italy (BRAIN) — Most bike suppliers tell BRAIN they have stopped doing business in Russia following the country’s invasion of Ukraine. The decision to end business there is due to the difficulty of operating under banking sanctions and the voluntary decision by some shipping companies to stop delivering in Russia. Or a happy coincidence of both.
CUMBRIA, England (BRAIN) — Lyon Cycle announced a United Kingdom distribution agreement with Industry Nine. The brand will be led in the UK by Lyon Cycle Market Manager Jordan Lunn.
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