News
TAICHUNG, Taiwan (BRAIN) — Giant Group says it issued refunds on Dec. 1 to all its migrant workers who had paid recruitment fees in the past and it is hoping for a "swift" revocation of the Withhold Release Order that U.S. Customs and Border Protection issued in September.
HANGZHOU, China (BRAIN) — AliExpress says it worked with Specialized and Chinese law enforcement to dismantle two counterfeit manufacturing operations in China, leading to the seizure of $1.5 million worth of fake products, including Specialized Roval frames, handlebars and wheels, and fake Pinarello, Cannondale, Cervélo and Trek products.
BERLIN (BRAIN) — The two German trade groups that announced in October they no longer would support Eurobike are inviting international OEMs and suppliers to participate in one of two online meetings to explain their decision and to answer questions.
BOULDER, Colo. (BRAIN) — The BuySell feature on BRAIN's sister site Pinkbike.com is popular with many bike retailers who use it to sell new and used merchandise. This week Pinkbike announced some improvements to the program, including a peer rating system for buyers and sellers.
(BRAIN) — Park Tool has opened the application window for its 2026 Community Tool Grant program. Now in its 11th year, the program has donated over $135,000 worth of tools to organizations throughout the world.
CUMBRIA, United Kingdom (BRAIN) — U.K.-based capital investor BGF has made a "multi-million-pound" investment in bike retailer POS company Citrus-Lime.
AMSTERDAM (BRAIN) — CEO Janus Smalbraak is leaving Pon Holdings after 25 years, the past 15 leading the parent company of Pon.Bike. Smalbraak wrote a LinkedIn post that he will join Amsterdam investment company Parcom as a partner.
WASHINGTON (BRAIN) — U.S. bike imports from China rebounded in July and August, probably in anticipation of increased tariffs that were then threatened to take effect in November.
SAN RAFAEL, Calif. (BRAIN) — Thomas Franges, who as a boy in Zagreb, Croatia, dropped smoke bombs on Nazi occupiers in his city and as an adult helped stem a threatening tide of product-liability lawsuits against the bicycle industry, died on November 19 at home in San Rafael, California. He was 89.
VICENZA, Italy (BRAIN) — Campagnolo laid off 40% of its workforce after it reported losses of 24 million euros ($27.8 million) over the past three years.
PORTLAND, Ore. (BRAIN) — For Tom Martin, owner of TomCat Bikes, Small Business Saturday never contributed much to the bottom line, and that was the general opinion of the shops BRAIN contacted in the days leading up to the shopping event that encourages buying local.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission is recalling about 24,300 Outdoor Master children's and youth helmets because they don't comply with positional stability and coverage requirements.
No injuries nor incidents have been reported.
PITTSBURGH (BRAIN) — Dick's Sporting Goods net sales increased 36.3% year-over-year in the third quarter while the big-box brand completed the Foot Locker acquisition and announced it will close an undisclosed number of the underperforming shoe stores.
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