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SCHAFFHAUSEN, Switzerland (BRAIN) —Dr. Min H. Kao, the "Min" in Garmin and the company's chairman and CEO, has established a plan to sell a portion of his shares in the company over a designated period.

Two of Kao's family trusts, of which he is a trustee, also will sell shares.

Tagged Earnings/Financial Reports

FRIEDRICHSHAFEN, Germany (BRAIN)—SRAM plans to break ground in the coming weeks on its second factory in China with a target to have the plant running within 12 to 15 months. The factory is near Kunshan, home to the mainland China factories for Taiwan’s two biggest frame manufacturers, Giant and Merida.

FRIEDRICHSHAFEN, Germany (BRAIN)—Business and advocacy leaders gathered at the first Advocacy Summit held at Eurobike Thursday to discuss how to unlock 6 billion euros of government funding for new cycling infrastructure to stimulate bicycle sales in a stagnant market.

Tagged Advocacy/Non-profits / Eurobike

FRIEDRICHSHAFEN, Germany (BRAIN) — The team of 2012 Tour de France winner Bradley Wiggins will race in Rapha clothing next year, the team and clothing supplier announced Thursday.

As part of a four-year agreement, Rapha will also supply Team Sky with off-the-bike clothing, the company said.

Tagged Racing & Sponsorship / Eurobike

FRIEDRICHSHAFEN, Germany (BRAIN)—SRAM president Stan Day said on Thursday he still feels taking the company public is the right decision for the long-term, and will initiate an IPO as soon as stability and visibility improves in global financial markets.

Tagged Earnings/Financial Reports / Eurobike

FRIEDRICHSHAFEN, Germany (BRAIN) — The first day of Eurobike's indoor trade show (following an outdoor demo on Tuesday) drew in thousands of retailers and media from around the world.

Tagged Eurobike
Mike Cooper

DRICHSHAFEN, Germany (BRAIN) — They are not particularly compact or cute, nor do they feature racing stripes. But the Cooper bicycle line has some strong connections to the Mini Cooper automobiles, starting with the bike brand's founders, the Cooper family.

Tagged Eurobike
Ken Avery

RATZENRIED, Germany (BRAIN) —Vittoria wants to grow its market share in mountain bike tires in the U.S. and recently hired Ken Avery as a dedicated brand and product manager for its Geax off-road tire line.  

Tagged Eurobike / Tradeshows and conferences / People

RATZENRIED, Germany (BRAIN)—Thousands of retailers, media people and suppliers came to this town Tuesday to test ride bikes under stunning blue skies.

Tagged Eurobike / Tradeshows and conferences

FRIEDRICHSHAFEN, Germany (BRAIN)—Market factors such as the devaluation of the euro, Europe’s economic slump and poor weather are all weighing on the minds of many gathered here for the start of Eurobike on Wednesday.

Tagged Eurobike
Eurobike 2012: Workers complete the pump track on Tuesday

FRIEDRICHSHAFEN, Germany (BRAIN)—Eurobike, the global industry’s largest and most important tradeshow starts Tuesday, drawing 40,000 visitors to the shores of Lake Constance in Southern Germany during its four-day run.

Tagged Eurobike / Tradeshows and conferences

CLOPPENBURG, Germany (BRAIN)—Derby Cycle tempered its full-year revenue forecast on Thursday due to a weaker than expected spring selling season caused by poor weather in much of Northern Europe.

Tagged Earnings/Financial Reports

BAD URACH, Germany (BRAIN)—Magura has restructured its bike parts sector internally at its German headquarters in an effort to deliver fast and efficient workshop services to dealers and end consumers.

Tagged People

MONTREAL, Canada (BRAIN)Hans Bergman announced Monday that he is stepping down as general manager of Assos North America to take a position with the ski clothing company Kjus North America.

Tagged People

MUNICH, Germany (BRAIN)Munich’s ISPO Bike show closed on Sunday after a four-day run in Bavaria. In its fourth year, ISPO Bike drew 290 exhibitors and 6,000 trade visitors from 46 countries, according to organizers at Messe München International, where the fair is held.

Tagged Tradeshows and conferences

NANJING, China (BRAIN)Asia Bike will move out on its own next year after coupling with the Asia Outdoor show for its first two years.

Tagged Events / Tradeshows and conferences

TORONTO, Ontario—Organizers of the ExpoCycle 2012 show are planning two industry networking events for the first evening of September 9, the show's first trade-only day.

Tagged Tradeshows and conferences

OSAKA, Japan (BRAIN) — Shimano’s sales through the first half of the year hit $1.58 billion (123.56 billion Yen), a 15 percent increase over the same period last year.

Tagged Earnings/Financial Reports

FRANKFURT, Germany (BRAIN)—If Trek was looking for more space to showcase its 2013 products to European retailers when it opted out of Eurobike this year, it certainly found what it was looking for.

Tagged Events / Tradeshows and conferences

VICENZA, Italy (BRAIN)—Campagnolo has brought on former U.S. pro track racer James Hibbard as its new public relations manager.

Tagged People

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