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PORTO, Portugal (BRAIN) — The inaugural World Cycling Forum, set for June 7 and 8 in Porto, Portugal, will focus on “consumer centricity and increasing speed to market,” organizers stated.

Tagged Omnichannel / Tradeshows and conferences
Pon said it was surprised by the 'sudden' end to discussions.

HEERENVEEN, the Netherlands (BRAIN) — Accell Group said it will not continue talks with Pon Holdings about Pon's takeover offer, which was made April 11. Accell informed Pon at the end of trading Monday that it was ending the talks. 

Tagged Electric bike

TAMPA, Fla. (BRAIN) — American Classic has hired Xavier Scheepers as its sales manager for Europe.

Tagged Sales Reps

LONDON (BRAIN) — Wahoo Fitness products will be getting involved with Rapha Cycling Club and its locations around the world. Wahoo's KICKR stationary trainers will be used at the clubs and its ELEMNT GPS bike computers will be mounted to the Canyon bikes that the club loans to members.

HELSINKI (BRAIN) — Amer Sports Corporation is reporting that its cycling sales — comprising business by its Mavic and Enve brands — were down 5 percent in the January through March period, compared to the same period last year.

Tagged Earnings/Financial Reports

HEERENVEEN, Netherlands (BRAIN) —  Accell Group, which planned to hold its annual meeting of shareholders on Tuesday, said its sales in the first months of 2017 were at the same level as last year.

Net sales in the bike division were down 0.9 percent in Q1.

OSAKA, Japan (BRAIN) — Shimano's bike-related sales were down 0.9 percent in the first quarter compared with the same period last year, while operating income in the segment was down 3.2 percent.

Tagged Earnings/Financial Reports

WILMINGTON, Del. (BRAIN) — Sports Direct, which operates more than 700 stores worldwide as well as the Muddyfox and Silver Fox bike brands, has purchased Eastern Outfitters LCC, the company that owns Eastern Mountain Sports and Bob's Stores. Sports Direct paid $101 million for the retail group.

FOXBOROUGH, Mass. (BRAIN) — Todson is now distributing products from Flaér, a company that makes an automatic on-bike chain luber system.

AMSTERDAM (BRAIN) — Accell Group announced Tuesday that it had received a takeover offer from Pon Holdings for 845 million euros ($895 million).

NAMPA, Idaho (BRAIN) — Deity has hired industry veteran Silas Hesterberg as its new global distribution and OE manager.

Sales down 5.5 percent last year.

TAICHUNG, Taiwan (BRAIN) — Revenue at Giant Manufacturing, the world's largest maker of bicycles, slumped last year driven down by weak sales in China and lower sales in the U.S. as high inventory levels and heavy discounting took its toll.

Tagged Earnings/Financial Reports

CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corporation recorded sales of $16.4 million last year, down from $18.3 million the year before. The company recorded a net loss of $455,000 last year.

The company is headquartered in South Africa and its stock is traded on OTCQB market. 

Tagged Earnings/Financial Reports

TREVISO, Italy (BRAIN) — The private equity firm L Catterton has closed on the transaction to purchase a majority stake in Pinarello, an investment the companies announced last December.

MELBOURNE, Australia (BRAIN) — Dutch Cargo Bike, an Australian distributor of cargo and urban bikes —  has taken over all responsibility for distributing Tern bicycle in Australia, effective this month.

Tagged Distributor news

SENNFELD, Germany (BRAIN) — Susanne Puello, a long-time managing director of the Winora Group, is leaving the company, citing "Irreconcilable differences regarding the new reorganization activities ('refined strategy') of the Dutch Accell Group." Accell Group is the parent of Winora, which manages the Haibike, Sinus

A riders at the Crankworx Whistler women's session. Liv photo.

NEWBURY PARK, Calif. (BRAIN) — Liv Cycling is inviting female riders to enjoy an exclusive trail session alongside sponsored Liv athletes and ambassadors during next week's Crankworx Rotorua in New Zeland.

Lintaman is seeking distributors in U.S., U.K. and Australia.

TAIPEI, Taiwan (BRAIN) — Lintaman, a new brand based in Taichung, Taiwan, is now working with PowWord Communications, a U.S. marketing communications firm owned by industry veteran Tim Jackson. 

Tagged Taipei Cycle Show

HANGZHOU, China (BRAIN) — Herrmans has announced that China Star Union is now the brand's agent in China for e-bike components.

Headquartered in Hangzhou, China Star Union has five sales offices throughout China. The company is a leading supplier of controllers, throttles, and displays for e-bikes.

Tagged Electric bike
The line includes "mini velos" with small wheels.
The Tern Surge LTD7 is a limited edition model.

TAIPEI, Taiwan (BRAIN) — Tern is now distributing its non-folding bike line, Roji, to markets outside of Japan.

Tagged Taipei Cycle Show

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