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International

SINGEN, Germany (BRAIN) — Ritchey International has opened a new logistics operation, Multisped GmbH, in Singen, Germany, and has started a dealer-direct sales of its complete bikes and frames in Europe.

Tagged Distributor news / Eurobike

ZWOLLE, Netherlands (BRAIN) — NuVinci Cycling, a division of Fallbrook Technologies Inc. has hired Anne Guethoff as its new director of marketing.

Tagged People

TEMPE, Ariz. (BRAIN) — Pivot Cycles has hired Michael Golinski, the founder of Spot Brand and former general manager of Planet X USA, to head up Pivot's international operations.

Tagged People

BARCELONA, Spain (BRAIN) — Intense Europe SL, a subsidiary of Intense Cycles USA, has begun serving the German and Austria markets directly from its European headquarters.

CAPE TOWN, South Africa and TAMPA, Fla. (BRAIN) — Ironman has reached an agreement to buy the Cape Epic mountain bike race in South Africa, marking Ironman’s biggest step into the mountain biking market as it aims to grow the race format across the globe.

Tagged Mergers & Acquisitions / Racing & Sponsorship

LOUISVILLE, Colo. (BRAIN) — Wheels Manufacturing has opened a new office in the Netherlands for warehousing, sales and distribution of its line of bottom brackets, derailleur hangers, shop tools and other service parts to distributors throughout continental Europe.

Tagged Distributor news

TAICHUNG, Taiwan (BRAIN) — Continued turmoil in the global bicycle market has pummeled Giant Manufacturing’s first-half financial results, with the world’s leading maker of bicycles posting a 3.7 percent drop in revenue compared with a year earlier.

Tagged Earnings/Financial Reports
Company points to lower IBD sales in North America and reduced margins from discounting for revenue losses.

UPDATED

Tagged Earnings/Financial Reports

MORGAN HILL, Calif. (BRAIN) — World Champion Peter Sagan will continue racing on a Specialized as he moves to the German team BORA–hansgrohe for 2017.

Tagged Racing & Sponsorship

HELSINKI (BRAIN) — Amer Sports' cycling segment grew 20 percent in the second quarter this year thanks to the addition of Enve sales, which joined Mavic in the segment.

Tagged Earnings/Financial Reports
The Suomy Gun Wind road helmet, in Lampre team colors.

SANTEE, Calif. (BRAIN) — Ciclista America, the U.S. distributor for Sidi shoes, is introducing the Italian bike helmet line, Suomy, to the U.S. market this fall.

EDEWECHT, Germany (BRAIN) — The German distributor Sport Import is investing in the two-year-old carbon wheel company Knight Composites, and will distribute the brand throughout continental Europe.

OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.

Tagged Earnings/Financial Reports

MILAN (BRAIN) — Luxottica Group's first half profits fell and the company has pulled back on its forecasts for the remainder of the year.

E-bike sales drive growth in Europe.

HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.

Tagged Omnichannel / Earnings/Financial Reports

BERNE, Switzerland (BRAIN) — Zwift, the online indoor riding platform, is working with the Team Dimension Data pro road cycling squad on a promotion intended to send 5,000 Buffalo Bikes to villages in South Africa.

Tagged Advocacy/Non-profits

MALLABIA, Spain (BRAIN) — Orbea said it is skipping this year's Eurobike show, and will instead conduct several events with its European dealers and distributors. The company calls its new approach "Closer to You."

Tagged Eurobike

CINCINNATI (BRAIN) — Steadyrack of Perth Australia has named Epic International as its U.S. retail sales and marketing agent for its Steadyrack bike storage products.

Company will manufacture the electronic shock controller in South Dakota

SPEARFISH, S.D. (BRAIN) — SRAM has taken over a Kickstarter-supported project to manufacture an electronic suspension control device developed by a Perth, Australia company, Dusty Dynamics.

A production line at the Poland factory.

BIEL, Switzerland (BRAIN) — DT Swiss AG has added a new building at its facility in Poland to increase production capacity and after-sales service.

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