International
STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.
LONDON (BRAIN) — The UK investment firm Cairngorm Capital Partners LLP has made a strategic partnership and investment in Whyte Bikes Limited, a British brand founded in 1999.
HOYA, Germany (BRAIN) — Hermann Hartje KG will distribute Mavic products in Denmark, Netherlands, Belgium, and Luxembourg beginning March 1.
Mavic previously was distributed in Denmark through Bike Toyz of Skodstrup, Denmark.
MATTIGHOFEN, Austria (BRAIN) — After entering the European e-bike market, motorbike giant Pierer Mobility AG, the parent of KTM Motorbike, Husqvarna Motorbikes, GasGas Motorbikes and WP Suspension, seems to smell further sales opportunities.
TOKYO (BRAIN) — After a rocky start, Shimano managed a 2.7% increase in revenues last year in its bike division, and an 18% increase in operating income in its bike business.
The international digital marketplace for cycling products has completed its initial public offering and will now be listed on the Australian Securities Exchange. The company raised AU$20 million ($15.3 million) in the IPO.
(BRAIN) — A C-student in whatever class comes before Economics 101 could predict price increases in the industry in 2020, given the imbalance between supply and demand. And 2021 will likely see retail prices go up another 10-25%, experts say.
TAIPEI, Taiwan (BRAIN) — Organizers of the Taipei Cycle show have postponed the 2021 edition, which had been scheduled for March 3-6. They did not announce new dates for the show.
LONDON (BRAIN) — A fire at Specialized Bicycles' headquarters had a "devastating effect," the company says.
MONTRÉAL (BRAIN) — The group that hopes to buy Dorel Industries' public shares and take the business private has raised its stock offer by about 10%, two weeks before shareholders vote on whether to accept the offer.
BIG FLATS, N.Y. (BRAIN) — Stan's NoTubes has broadened its expansion in Europe, Scandinavia, and the United Arab Emirates with four new distributors.
HONG KONG (BRAIN) — Covation Holdings Limited plans to expand into the Asia Pacific market with a new Hong Kong sales hub for its bicycle brands, which include Huffy, Royce Union, Niner, Batch, Buzz E-Bikes, and Vaast. The office will also represent Allite, the company's materials business.
BRUSSELS (BRAIN) — Groupe Bruxelles Lambert, a Belgium-based investment group, has agreed to acquire a majority share in Canyon Bicycles. GBL was joined by Tony Fadell, a former senior vice president of Apple's iPod division and co-developer of the iPod. Roman Arnold remains the largest individual shareholder in Canyon, with 40% of its shares.
LONDON (BRAIN) — Besides the 25% tariff the European Union imposed on U.S. bike frame imports last month, which BRAIN wrote about last week, stationary bike trainers also got hit with the duty.
KOPŘIVNICE, Czech Republic (BRAIN) — After more than a year of negotiations the Czech Republic bike manufacturer Bike Fun International s.r.o. has changed ownership.
BENTONVILLE, Ark. (BRAIN) — Last year the bike industry escaped collateral damage from the long-running dispute between the European Union and the United States over commercial aircraft industry subsidies.
BIELLA, Italy (BRAIN) — Celestino Vercelli, a former pro cyclist and founder of Vittoria Cycling Shoes, has passed away at age 74, the company announced.
TAIPEI, Taiwan (BRAIN) — Merida, one of the largest bike makers in Taiwan and a significant investor in Specialized, posted third-quarter revenues of NT$7.3 billion ($256 million), down slightly from the NT$7.8 billion the manufacturer generated in the same quarter last year.
HAMBURG, Germany (BRAIN) — Trek Bicycle shut down its European Electra headquarters here on Tuesday and consolidated its functions at the Trek office in Switzerland.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. said its sales were up 38% between July and October compared to the same period last year. The company has revised up its forecast, now saying its full-year earnings before interest and taxes will exceed last year's EBIT.
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