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NEWCASTLE, Australia (BRAIN) — Crankbrothers is now distributed exclusively by Lusty Industries Pty Ltd in Australia. Lusty has been the brand's non-exclusive distributor since January, along with Bikesportz Imports.

Among the new investors are a Korean bike maker and the co-founder of PayPal.

LONG BEACH, Calif. (BRAIN) — Zwift, the maker of an online cycling platform, has raised an additional $27 million in venture capital funding, according to CrunchBase.com.

MADISON, Wis. (BRAIN) — Saris Cycling Group, the parent company for Saris Racks, CycleOps, and PowerTap, has announced new distributors for its brands in Australia.

Company looking to omni-channel sales to compensate for reduced specialty retailer sales.

HEERENVEEN, Netherlands (BRAIN) — Sales of performance e-bikes continue to drive sales increases for Accell Group, the parent company of Raleigh, Diamondback, Haibike and other bike brands.

Tagged Omnichannel / Earnings/Financial Reports
UPDATED

KUNSHAN, China (BRAIN) — Jeffrey Winterkorn, SRAM’s vice president of global manufacturing, told employees at the company’s Kunshan factory Monday that closing the plant was a “difficult decision.” 

TAICHUNG, Taiwan (BRAIN) — The global slump in bicycle sales, especially in the U.S. and China, has taken a toll on Giant's first three quarters of 2016 with overall revenue down 6.5 percent.

Tagged Earnings/Financial Reports

GIRONA, Spain (BRAIN) — Early exhibitor registration is now open for the first Sea Otter Europe in Girona, which is planned for June 2-4 next year.

Tagged Sea Otter Classic
Global sales decline for the quarter and year to date.

CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corporation is seeing strong growth in the U.S. market this year, with sales up 33 percent in the third quarter and 19 percent for the year to date. 

Tagged Earnings/Financial Reports

KETCHUM, Idaho (BRAIN) — Pro cyclist Rebecca Rusch will lead a bike tour along the Ho Chi Minh Trail in Laos next week, to raise awareness about unexploded ordnance that remain from the Vietnam War and raise funds for the safe removal of ordnance from war zones.

TAICHUNG, Taiwan (BRAIN) — Jerry Huang, who retired from Jagwire after 25 years with the cable-housing manufacturer, has launched his own line of products under the Ciclovation brand.

RICHMOND, Australia (BRAIN) — The Australian accessory brand Knog, which had a successful Kickstarter campaign for its Oi bike bell, ended its campaign for a new backup battery after pledge momentum stalled.

BENTONVILLE, Ark. (BRAIN) — The International Mountain Bicycling Association's board of directors has elected Dave Wiens as its new chairman at the IMBA World Summit being held here this week. Previous board chairman Robert Winston served as chair for six years.

Tagged Advocacy/Non-profits / People

BOULDER, Colo. (BRAIN) — Next week's IMBA World Summit in Bentonville, Arkansas, is the first of the organization's biennial events to sell out and is expected to have the highest attendence in history.

MESQUITE, Texas (BRAIN) — Sports drink maker The Pickle Juice Company has added distribution in Central and South America and Australasia, including Australia, New Zealand, New Guinea and neighboring islands.

WATERLOO, Wis. (BRAIN) — Trek is making live video streams available for the DVV Insurances Trophy cyclocross series, starting with the Koppenbergcross race on Tuesday.

The videos will be streamed lived on Trekbikes.com at no charge. Replays will not be available.

Tagged Racing & Sponsorship
What U.S. shoppers see when they search for SRAM on ChainReaction.com.

COLORADO SPRINGS, Colo. (BRAIN) — U.S. visitors to European-based e-commerce sites like Wiggle and Chain Reaction have seen something new when they searched for SRAM products in recent months: nothing.

Tagged MAP / Web/Internet

POOLE, United Kingdom (BRAIN) — Muc-Off is claiming its sales grew 32 percent in the last year, on the strength of an expanded product line, international sales growth and sponsorship of major pro cyclists including Team Sky, British Cycling and Trek Factory Racing.

Germany's show is asking exhibitors to vote on the length of its 2018 event.

FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the Eurobike show are asking its exhibitors to vote on the length of its 2018 event. The show will be held in July for the first time that year, moving up from its traditional timing in mid- to late-August.

OSAKA, Japan (BRAIN) — Shimano pointed to weak sales in Southeast Asia, Japan, China and South America as contributors to another steep decline in bike product sales. The company’s sales through the first nine months of this year were down 18.8 percent according to figures released this week.

Tagged Earnings/Financial Reports

TAICHUNG, Taiwan (BRAIN) — Just a week after Eurobike announced plans to move its show from late August to early July in 2018 the organizers of Taipei's Cycle Show announced an even larger calendar shift: from its current dates in March to late October.

Tagged Tradeshows and conferences / Eurobike / Taichung Bike Week / Taipei Cycle Show

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