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OSAKA, Japan (BRAIN) — Shimano said a mild economic expansion in Europe, a buoyant labor market in North America, and a moderate recovery in Japan contributed to a 5.1 percent net sales increase in its bicycle division in the opening quarter of 2018, compared to the same period last year.

Tagged Earnings/Financial Reports
Photo courtesy team BMC.

ZURICH (BRAIN) — Andreas "Andy" Rihs, the owner of the BMC bike company and its pro race team, died Wednesday at age 75, according to the brand. Reports say Rihs was suffering from cancer. 

LONG BEACH, Calif. (BRAIN) — ACT Lab, an independent third-party laboratory that conducts safety and compliance testing for the bike and outdoor industries, has added bike industry veteran Phil Bash to its global sales team.

The Giro-owned events, in California and Scotland, are in the fourth year.
A photo from Grinduro Scotland. Credit: Melanie Garrido (Giro Sport Design)

SCOTTS VALLEY, Calif. (BRAIN) — Giro Sport Design has announced a wide slate of sponsors for the company's two Grinduro events, which are something like a gravel bike enduro combined with a music, food and bike festival. 

TAICHUNG, Taiwan (BRAIN)  —Giant Manufacturing, closing its books on 2017, posted revenue for the year of $1.9 billion, a 3.5 percent decline from 2016.

OSAKA, Japan (BRAIN) — Shimano Inc. has issued a public apology after a fire at its factory in Sakai, Japan, on Monday.

According to the company, the fire was in a surface treatment area and workers were evacuated.

Pentland owns brands including Speedo, Mitre, Canterbury and Berghaus.

LIVINGSTON, U.K. (BRAIN) — Endura has been acquired by Pentland Brands Limited, the British family-owned business behind global brand names such as Speedo, Mitre, Canterbury and Berghaus.

Tagged Mergers, Acquisitions & Investments
Program is intended to reduce poverty in Northern Thailand.

ATLANTA (BRAIN) — Vee Tire Co. is working with a social enterprise group to recycle tires into key rings. The program is intended to reduce waste and poverty in Northern Thailand. The company will be distributing the key rings for free at next month's Sea Otter Classic and at other bike events this year. 

Tagged DEI and Sustainability

VALLEJO, Calif. (BRAIN) — Wren Sports has named Yap Bicycle Compania has its distributor and authorized service center for Singapore.

Company says inventory levels are right and new sporting goods business should give it a boost.

MONTREAL (BRAIN) — Dorel reported 0.6 percent growth in fourth-quarter revenue at its bike division, which includes Cannondale, Sugoi, GT, Schwinn, Mongoose and Caloi. However, full-year revenue declined 7.8 percent.

Tagged Earnings/Financial Reports

FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the Eurobike trade show are trying to encourage visitors to use bike to get to the show this year, partly in an effort to reduce traffic and parking challenges.

Tagged Tradeshows and conferences / Eurobike
Jeff Scully

HEILSBRONN, Germany (BRAIN) — Ortlieb Sportartikel GmbH has hired Jürgen Siegwarth as the company's new CEO and has added senior staff members Jeff Scully and Martin Esslinger to its managing board.

Organizers announce summer edition to be held in Les Gets, France.

MASSA MARITTIMA, Italy (BRAIN) — Ten brands and 16 journalists from global media outlets took part in the inaugural edition of Bike Connection Winter, a cycling media event presented by marketing and business development consultancy Bike Connection Agency.

Tagged Media/Publishing / Events

AMSTERDAM (BRAIN) — Enviolo (previously NuVinci Cycling) has expanded the role of Avelino Rivera to include new responsibilities focused on bike share programs globally.

Rivera will be in charge of supporting existing and new bike share customers.

PILA, Poland (BRAIN) — Thule Group has opened a new factory here, in western Poland.

The company said the new plant offers increased production capacity on existing products as well as the possibility of production of newly launched product categories.

The factory is 145,000 square feet.

MUNICH, Germany (BRAIN) — Felt Bicycles has moved its European office from the company's former location in Edewecht, Germany, to a new facility in Munich.

TDWsport owner Tim de Waele joins Getty as staff photographer,

LONDON (BRAIN) —  Getty Images has acquired TDWsport, a cycling photography business and archive owned by Tim de Waele. De Waele has joined Getty Images as a staff photographer to lead the company's cycling coverage.

GIRONA, Spain (BRAIN) — Cannondale will be the main sponsor of the 2018 Sea Otter Europe Costa Brava-Girona Bike Show, which will hold its second edition in June.

Tagged Consumer Expos and Rides

MASSA MARITTIMA, Italy (BRAIN) — A new company, Bike Connection Agency, will hold a cycling media event next month in Italy.

New organization will give the bike industry a voice in vehicle-to-vehicle technology discussions.

HERGISWIL, Switzerland (BRAIN)—The World Bicycle Industry Association has formed, with founding members from the Bicycle Association Japan, the Bicycle Product Suppliers Association based in the U.S., the Confederation of the European Bicycle Industry and the Taiwan Bicycle Association.

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