International
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
TAIPEI, Taiwan (BRAIN) — Tern is now distributing its non-folding bike line, Roji, to markets outside of Japan.
PARK CITY, Utah (BRAIN) — POC is continuing its sponsorship of the Ibis Cycles Enduro Race Team for the 2017 season. The relationship began last year.
SCOTTS VALLEY, Calif. (BRAIN) — Giro Sport Design has partnered with Fabric to produce a Grinduro event in the UK this July.
The event, open to 400 riders, will be held on the Isle of Arran in Scotland.
TAICHUNG, Taiwan (BRAIN) — Dorel Sports is presenting its 2018 model year product line to international distributors at Dorel's International Sales Show here this week.
SHERIDAN, Wyo. (BRAIN) —Foldaway Solutions is now bringing Oyama folding bikes to the U.S. for the first time. Oyama, based in China and Taiwan, is a 50 year old brand that has been making folding bikes for about 30 years. The U.S. product line will include seven models, priced from $369 to $1,299.
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