International
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.
WELLINGBOROUGH, United Kingdom (BRAIN) — Storskogen UK has acquired the majority of shares of cycling parts and accessories distributor Extra UK.
MILAN (BRAIN) — Pirelli has begun making its high-end P Zero Race road and mountain bike tires at its factory in Bollate, Italy. The factory, first opened in 1962, was recently modernized to accommodate production of the brand's high-end models.
TAIPEI, Taiwan (BRAIN) — The Awards Pavillion at the Taipei Cycle show features 33 awards winners across several categories, including electrification, IoT, systematic solutions, and green elements in product design
TAIPEI, Taiwan (BRAIN) — As the industry struggles to overcome supply chain challenges that are likely to increase due to the war in Ukraine, the Asian industry gathers this week at the TAIPEI Cycle trade show and its DigitalGo virtual show.
BERLIN (BRAIN) — Signa Sports United has taken a stake in Buzzbike, a U.K.-based bike subscription service. The company said the deal will enable Buzzbike to expand into U.S. and European cities, starting with a planned community in Florida.
TEL AVIV (BRAIN) — Dmitry Nechaev, the owner of Sochi, Russia-based Triton Bikes, is asking industry suppliers and customers to continue to do business with his company, which he is planning to re-establish outside of Russia.
NEW YORK (BRAIN) — Signa Sports United, the publicly traded parent of Wiggle CRC and other e-commerce sites, reported a net sales increase of 11% in its first quarter. But it says the increase would have been higher if not for the shortage of complete bikes available in the quarter.
(VELONEWS) — Look Cycle has immediately ended its association with the Gazprom-RusVelo team as a result of Russia's invasion of Ukraine.
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