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LONDON (BRAIN) — Future plc has agreed to sell its Sport and Craft titles, including its cycling magazines and cycling websites, to Immediate Media Company for £24 million ($40.1 million), the company announced early Thursday.

Tagged People / Mergers & Acquisitions / Media/Publishing / Earnings/Financial Reports

DENVER (BRAIN) — Gates Carbon Drive has new distribution partners in the U.K. and Spain, and has released a new instructional video and several new products.

Tagged Distributor news

TODMORDEN, U.K. (BRAIN) — The publishers of Singletrack, a U.K.-based mountain bike magazine, are launching a digital magazine and website called grit.cx. Content will focus on cyclocross riders, racers and lifestyle.

Tagged Media/Publishing
Robert Priest

CHICAGO (BRAIN) — Robert Priest, director of OE sales and dealer marketing for SRAM Europe, will leave the company in early June. In an announcement about his departure, SRAM said Priest made the decision to leave to focus on treatment for a declining kidney condition.

Tagged People
The factory is shut down for now.

AUBURN, Wash. (BRAIN) — Last week’s riots near Ho Chi Minh City, Vietnam, so badly damaged Bor Yueh, which manufactures bike racks for Tubus and RackTime, that it is shut down for now, said Ortlieb USA president Jeff Scully.

BOULDER, Colo. (BRAIN) — The third annual CycloFemme rides held May 11 to mark Women's Global Cycling Day were held in 303 communities worldwide, the organization announced Monday.

Tagged Advocacy/Non-profits

TAIPEI, Taiwan (BRAIN) — Taiwanese executives with factories near Ho Chi Minh City, Vietnam — where rioters looted or destroyed dozens of businesses including some in the bicycle industry — are expected to quickly get production lines back in operation barring further assaults.

HO CHI MINH CITY, Vietnam (BRAIN) — Information on the rioting that may have partially destroyed or damaged a variety of Taiwanese-owned factories in Ho Chi Minh City is sketchy, but initial reports say at least a half-dozen were damaged or destroyed.

AIGLE, Switzerland (BRAIN) — The UCI is planning a fourth and possibly a fifth "satellite" World Cycling Center, to be built somewhere in Central or South America in the next few years.

Tagged Racing & Sponsorship

OSAKA, Japan (BRAIN) — Shimano’s sales hit $742.2 million (75.7 billion yen) over the first quarter, compared to $620.5 million (63.3 billion yen) over the same period last year. Sales in its bike division hit $598.6 million (61.1 billion yen), an increase of 19 percent. 

Tagged Earnings/Financial Reports
Bell's Australian motorsports distributor, Monza, will take over bike helmet distribution there.

SCOTTS VALLEY, Calif. (BRAIN) — BRG Sports has extended its distribution agreements with Australia' Sheppard Industries for BRG's Giro and Blackburn products. Both agreements have been extended five years.

Tagged Distributor news
Company also expands U.S. warehouse in Colorado.

FORT COLLINS, Colo. (BRAIN) — Swobo has a new agreeement with U.K.-based retailer Charlie the Bikemonger, which will distribute the brand in Europe and serve as the base of operations for swobobikes.eu.

LONDON (BRAIN) — Wiggle Ltd., the online sports retailer, has appointed Giles David as chief financial officer, effective June 1.

Tagged People
Updated
Counterfeit (left) and real Squirt Lube.

DENVER (BRAIN) — A U.S. District Court in Colorado has issued a temporary restraining order against the former U.S. distributor of Squirt chain lube.

Tagged Distributor news
Titev.

SOFIA, Bulgaria (BRAIN) — WTB has hired Nikolay Titev, who will augment WTB Europe's sales staff, managing Southeastern Europe's aftermarket as well as OEM sales. Titev is based in Bulgaria.

Tagged People

DUARTE, Calif. (BRAIN) — Dahon held a conference for its Asian distributors last weekend in Pattaya, Thailand. This year the company has expanded its regional events, with distributor conferences in Asia and Europe.

Tagged Distributor news

HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. is reporting a positive start to the year.

Tagged Earnings/Financial Reports

HELSINKI (BRAIN) — Mavic sales grew 8 percent in the first quarter of 2014, to 39 million euros ($54 million) worldwide, according to an interim report released Thursday by Mavic parent Amer Sports.  

Tagged Earnings/Financial Reports

AIGLE, Switzerland (BRAIN) — The Union Cycliste Internationale has hired Sebastien Gillot as its new head of communications. Gillot was most recently with the International Boxing Association, where he was head of communications and public relations.

Tagged People / Racing & Sponsorship

SAN FRANCISCO (BRAIN) — Campagnolo is the latest brand to create a cycling club on Strava.com, where the component company's fans can share their ride information and socialize.

Tagged Web/Internet / Mobile bike apps

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