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TAICHUNG CITY, Taiwan (BRAIN) — Giant Group founder King Liu died Monday at the age of 93. Liu founded Giant in Taiwan in 1972 and co-founded Giant Manufacturing Co., Ltd., and eight years later built it into the largest bike manufacturer in the country and second largest in Asia.
STOCKHOLM (BRAIN) — MIPS net sales increased 2% year-over-year in the fourth quarter and 10% for the year despite tariff concerns in the U.S.
Company is projecting flat sales and reduced profitability in 2026.
OSAKA, Japan (BRAIN) — As the global industry adjusted to market inventories and other realities, regional results varied widely for Shimano last year. The Japanese component giant’s full-year 2025 sales in its bike division totaled 355 billion yen ($2.3 billion), up 2.7% from 2024.
STOCKHOLM (BRAIN) — Thule Group net sales increased a little more than 9% year-over-year both in the fourth quarter and in 2025 helped by product updates in the company's Sports & Cargo Carriers category.
LONDON (BRAIN) — Head Group has acquired the London-based cycling apparel brand Le Col from Puma Growth Partners, which has invested at least 14.4 million pounds ($19.5 million at today's exchange rate) in the brand since 2018.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission recalled about 300 Semfri kids helmets because they don't meet mandatory safety standards.
VENTURA, Calif. (BRAIN) — California distributor Zeitbike will distribute Nukeproof mountain bikes as the legacy brand returns to the market under new ownership.
BENTONVILLE, Ark. (BRAIN) — Twenty Arkansas outdoor sports companies, including several bike shops and bike manufacturers, have released a statement in support of the residents of Minneapolis and others “who are peacefully demanding the right to live without fear.”
VENICE, Italy (BRAIN) — An Italian court has ordered Giro's European distributor, Spain-based Adventure Sports Group Europe S.L., to stop making certain marketing claims about its waterproof cycling gloves after a complaint by a company that has a patent on those features.
SANTA ANA, Calif. (BRAIN) — A judge approved the class action settlement between a group of plaintiffs and Shimano North America in the Hollowtech II crankset recall because of separation and breakage.
OBERWANGEN, Switzerland (BRAIN) — Stromer says it will deliver repair kits this month for the suspension forks that the Swiss e-bike brand recalled in December. The forks were made by U.S.-based Wren Sports.
BLOOMINGTON, Minn. (BRAIN) — QBP President Rich Tauer told industry members who had been planning to attend Frostbike later this month that the distributor has decided to cancel the event.
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(BRAIN) — Haro has added carbon-frame options for its Daley and Greer mountain bike models.
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