OSAKA, Japan (BRAIN) — When the Bank of Japan announced a massive new stimulus program Friday, world stock markets jumped and the yen dropped to its lowest point since early 2008. But the news is unlikely to change Shimano Inc.’s financial forecast for the remainder of the year.
MILAN, Italy (BRAIN) — Luxottica Group SpA, parent of optical brands including Oakley and Ray Ban, reported this week that third-quarter net income rose 10 percent to 162 million euros ($204 million) fueled in part by strong sales growth of more than 30 percent in emerging markets including China, Brazil, India and
BERN, Switzerland (BRAIN) — The World Federation of the Sporting Goods Industry (WFSGI) has elected ISM Saddles’ Dave Schindler and Selle Italia’s Piet van der Velde chairpersons of the organization’s new Bicycle Saddle Committee.
RICHMOND, Victoria, Australia — Knog has enlisted Channel IQ’s services to “regain some control over the integrity of pricing” online, the Australian light and lock brand said in a release.
PETALUMA, Calif. (BRAIN) — Yuba Bicycles has signed with eLastenrad, a German online seller of electric cargo bikes, as its new European distributor, selling direct to both consumers and dealers.
TREVISO, Italy (BRAIN) — Sidi has distributed a new policy to its distributors and retailers prohibiting them from removing barcodes from products and said it is electronically tracking all products in an effort to stem gray-market sales.
DUARTE, Calif. (BRAIN) — Dahon has signed an agreement with Slovakia-based Dema Bicycles to distribute the folding-bike brand across the Czech Republic, Slovakia, Hungary and the Faroe Islands.
HELSINKI (BRAIN) — Amer Sports is reporting that sales in its cycling division — which is entirely composed of its Mavic brand — declined 2 percent in its third quarter, to 32.4 million euros ($40.9M), down from 33.1 million euros ($41.8M) in the same period last year.
GRAND RAPIDS, Mich. (BRAIN) — Christophe de Margerie, the chief executive of French oil company Total, which also owned Hutchinson Tire, died Monday when a corporate plane crashed into a snow plough on a airport runway near Moscow prior to takeoff.
SANTA MONICA, Calif. (BRAIN) — Bonk Breaker bars are now being distributed in South Africa by MCNS Group, which will manage sales and distribution throughout Sub-Saharan Africa.
MINNEAPOLIS (BRAIN) — Greg LeMond is continuing to work on a re-entry to the bike market, launching a new U.S.-made steel road bike model this fall, with plans for other models to be launched in 2015.
BLOOMINGTON, Minn. (BRAIN) — QBMX, Quality Bicycle Products' BMX division, is now distributing the Germany-based We The People brand. QBP will be the exclusive U.S. distributor for We The People bikes and parts for 2015.
PADOVA, Italy (BRAIN) — They do things different in Italy.
MADRID (BRAIN) — The Spanish bike industry heaved a collective sigh of relief this past weekend after two rival bike shows that have competed for the same September dates the past two years joined forces to produce Unibike, which took place at Madrid's IFEMA exhibition hall over the weekend.
FOXBOROUGH, Mass. (BRAIN) — Todson, Inc. is now importing helmets from the Italian brand MET.
MET, based in the Italian Alps, was founded in 1987 but this is the first time the brand has been sold in the U.S. Todson founder Neal Todrys said MET is one of the top three brands in Europe.
LUGANO, Switzerland (BRAIN)—Effetto Mariposa, the company behind Giustaforza torque wrenches and Caffélatex tire sealant, moved its headquarters into a new facility in Lugano, Switzerland, from its previous location in Italy.
LAKE FOREST, Calif. (BRAIN) — Torcano Industries has hired a distributor in Norway with the newly formed Torcano Industries Norge AS.
WILMINGTON, Del. (BRAIN) — Blue Bicycles is branching outside of the United States and has added new distributors in the U.K. and Spain. The company also announced it will begin selling directly into Canada and Mexico with a new sales force in each country.
SANTA CRUZ, Calif. (BRAIN) — Shocker Distribution is now the distributor for X-Fusion Suspension products in Germany. Shocker is the exclusive distributor of other brands in Germany including WTB, Devinci bicycles, Industry Nine, Chromag and others.
KETCHUM, Idaho (BRAIN) — Club Ride has hired New Zealander Daniel Carruthers to provide consulting services for distribution and marketing in the Asia-Pacific markets.