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International

Photo courtesy of Enve.

HELSINKI, Finland (BRAIN) — Amer Sports has updated its 2020 growth target. Instead of aiming for sales of 3.4 billion euros ($4.2 billion) in that year, the company is now setting a target for "annual mid-single-digit organic, currency-neutral growth."

Tagged Earnings/Financial Reports

FRIEDRICHSHAFEN, Germany (BRAIN) — Riders are generating data on Strava and COBI or riding with smart connected devices like See.Sense and Garmin, but data is collected in many different ways and stored in various locations.

Tagged Eurobike
A panel discussed German sales the day before Eurobike opened.

FRIEDRICHSHAFEN, Germany (BRAIN) — Germany saw cycling-friendly weather sooner than usual in 2017, which helped kick the season off early. But the amicable climate wasn't enough to boost sales.

Tagged Electric bike / Eurobike

SCOTTSDALE, Ariz.— U.S. industry veteran Paul Lew has been named CEO of the newly restructured Edco cycling company, now based in Arizona.

WEITERSTADT, Germany — As e-bike manufacturer Riese & Müller celebrates its 25th anniversary this year, the company is on the brink of expanding both its market reach and its production capacity.

PUERTO DE MOGAN, Gran Canaria (BRAIN) — Davide Campagnolo, 36, sticks out in the riding group that heads out of Puerto de Mogan, Gran Canaria.

FRIEDRICHSHAFEN, Germany (BRAIN) — Given the turmoil swirling around new dates and locations for trade shows next year, Eurobike is looking like a beacon of calm — and doing the same old, same old never felt so good. Add to this a healthy European market and continued e-bike product innovation, and it’s not surprising that Eurobike head Stefan Reisinger expects a show a bit larger than last year.

Tagged Eurobike

BREMBATE, Italy (BRAIN) — The German high-end component brand THM, which was acquired by 3T last year, is now distributing to European dealers via its own B2B sales platform.

The company said the system offers retailers enhanced transparency of the order process and quicker fulfillment.

NEW YORK CITY (BRAIN) — Phillip Lucas is transitioning to part-time consulting work with Velocomp, where he has worked for the past year. Lucas is returning to Europe to live closer to his family and work via his Netherlands-based consulting firm, Upshift Sports Consulting.

TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing, a bellwether company within the industry's manufacturing sector, reported a 7.4 percent decline in revenue to $887.9 million through the first half of the year.

CAPE TOWN, South Africa (BRAIN) — Protective products manufacturer Leatt Corporation announces on Friday that its first half sales totaled $9.3 million, up from $8.5 million in the first half last year. In the half, the company registered net income of $101,000.

Tagged Earnings/Financial Reports

LONDON (BRAIN) — Rapha has announced that U.S.-based RZC Investments is now the majority shareholder in the business.

Tagged Mergers & Acquisitions
Insert white-belt-after-Labor-Day joke here.

FRIEDRICHSHAFEN, Germany (BRAIN) — At the Eurobike show later this month, Gates Corporation will celebrate ten years supplying its Gates Carbon Drive belt drivetrain to bike makers. Among the new belt drive products that Gates will show at Eurobike is a limited edition white belt. 

MUNICH, Germany (BRAIN) — Alternative 138 GmbH is now assisting Stages Cycling Europe with the brand's European media relations and communication.

Philipp Reiff and Danielle Reiff-Jongerius will be the main points of contact for German-speaking countries and the rest of Europe, respectively.

SCHWEINFURT, Germany (BRAIN) — Susanne Puello, who left Accell's Winora Group — a company her grandfather founded — this spring, plans to launch a new brand in partnership with KTM Industries AG at Eurobike later this month.

Tagged Electric bike

PADUA, Italy (BRAIN) — The Italian saddle brand Astute has announced that Ciclista-America will be its distributor in the U.S. for the 2018 season. The brand has been distributed in the U.S. by MC2 until recently.

Astute said it is "widely expanding" its presence in the U.S. market next year. 

HELSINKI, Finland (BRAIN) — Amer Sports' cycling business, done through its Mavic and Enve brands, was down 12 percent in local currencies in the first half of the year, and down 18 percent in the company's second quarter, the company is reporting.  But Enve sales were up in the half.

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN) — Shimano is reporting that its bike-related sales were down 2.7 percent in the company's first half, which ended June 30. Operating income in the segment was down 11.5 percent.

Tagged Earnings/Financial Reports

STOCKHOLM, Sweden (BRAIN) — MIPS, the maker of a system intended to reduce brain injury from rotational impacts, has hired three long-time helmet industry executives.

Tagged People

TAMPA, Fla. (BRAIN) — American Classic has hired Mike Johnston to head up the brand's OEM sales in Europe.

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