International
LAUSANNE, Switzerland (BRAIN) — The IRONMAN Group has acquired the multi-day cycling event series Haute Route and the Gravel Epic series, which Haute Route acquired earlier this year.
WHISTLER, British Columbia (BRAIN) — RideWrap, a Whistler-based brand, is perhaps the bike industry's best example of a company manufacturing close to market.
PRAGUE (BRAIN) — The Pale Fire Capital investment group has invested $6 million in VirtualTraining, a Czech company behind the ROUVY indoor cycling and running software application.
TAIPEI, Taiwan (BRAIN) — Exhibitor registration has opened for next March's TAIPEI CYCLE show, which will include virtual and in-person elements. The last two TAIPEI CYCLES were held virtually only because of COVID-19.
DRESDEN, Germany (BRAIN) — E-commerce retailer Bike24, which joined the Frankfurt stock exchange after an IPO in June, is reporting that its sales were up
TAICHUNG, Taiwan (BRAIN) — Giant Group set a new second-quarter record for net sales and earnings per share as global demand for its bikes and e-bikes remained strong. Sales of e-bikes, both under its own brand and for its OE customers, accounted for 30% of Giant's sales in the first half.
COIMBRA, Portugal (BRAIN) — SRAM officially opened a new TIME pedal factory here on Friday, with an inauguration celebration presided over by the mayor. The city said the factory will produce 200,000 pairs of pedals per year and create 25 new jobs by next November.
OSAKA, Japan (BRAIN) — Shimano only briefly mentioned the global bicycle part shortages in a typically terse first-half financial results announcement, which reported that sales in its bicycle product division were up 73.4% in the first half of its fiscal year, compared to the same period in 2020.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. notched a sales increase of 3.3% in the first half of its fiscal year, but the company said it could have done better if not for supply and logistical issues.
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike released its initial exhibitor list this week for the upcoming 29th edition of the expo that will be held for the first time in two years following the COVID-19 pandemic.
(BRAIN) — With 12 weeks to go until the scheduled event, organizers of Sea Otter Australia have decided to postpone it until 2022.
OSAKA, Japan (BRAIN) — Shimano has re-opened its factory in Malaysia, according to a report out of Europe. The company's factory there had been closed since about June 14, and had operated at 60% capacity for two weeks before that, due to the COVID-19 pandemic.
SAINT-AUGUSTIN-DE-DESMAURES, Québec (BRAIN) — Louis Garneau Sports Group expanded into Europe this month with the opening of a distribution center in Toulouse, France.
BRESCIA, Italy (BRAIN) — Italian consumer-direct cycling apparel brand La Passione has raised 7 million euros ($8.3 million) from a group of investors, including some of its existing investors, new investment funds and "business angels." The amount will be invested over four years.
OSAKA, Japan (BRAIN) — An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year.
MILAN, Italy (BRAIN) — Asobi Ventures Inc. acquired a majority share of Gruppo Srl, the parent company of bike brand Cinelli and tube manufacturer Columbus. The companies did not disclose transaction terms.
MUNICH, Germany (BRAIN) — IAA Mobility, a conference planned for September in Munich, has confirmed several new brand participants, including SRAM, Schwalbe, Supernova, ABUS, EVOC and others.
FRIEDRICHSHAFEN, Germany (BRAIN) — The Eurobike expo will move from its longtime home in this small city on Lake Constance to the major hub of Frankfurt for 2022.
MONTRÉAL (BRAIN) — Starting Sept. 1, Montréal's Arg Sports Inc. will distribute Sidi products in the Canadian market.
Arg Sports will service IBDs and sell direct to consumers and through e-commerce vendors at MAP pricing, the company said.
FRANKFURT (BRAIN) — Two of the largest e-commerce retailers in the bicycle market, Germany's BIKE24 and the UK's WiggleCRC, will each end up publicly traded soon.
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