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International

PORTLAND, Ore. (BRAIN) — Cosmic Sports GmbH will now handle the distribution of Nutcase Helmets in Germany and Austria. Cosmic Sports, established in 1997, also distributes Crankbrothers, Lizard Skins, Salsa, Ritchey, Garmin, SixSixOne, Chris King and other brands.

TREVIGLIO, Italy (BRAIN) — Bianchi has announced its decision to end UWC's distribution of the Bianchi brand in Thailand.

"Bianchi and UWC market strategies and visions have evolved since they began to work together over 10 years ago and it is the right moment to end their cooperation," Bianchi said.

MINNEAPOLIS, Minn. (BRAIN) — Trainer brand Kinetic has announced dealer-direct pricing with better margins and quick delivery from its European warehouse. The reduced pricing is available on the full trainer line, including the new Rock and Roll | Smart Control.

LUGANO, Switzerland (BRAIN) — Assos of Switzerland has reached a three-year agreement to sponsor and supply the BMC Racing Team, as well as BMC Development Team and the BMC MTB Racing Team, for all training and racing apparel needs.

GIVISIEZ, Switzerland (BRAIN) — Scott Sports is becoming one of a handful of bike brands with its name as part of a World Tour team title.

Tagged Racing & Sponsorship

MONTECCHIO MAGGIORE, Italy (BRAIN) — Giordana Cycling Apparel has signed the ORICA-BikeExchange team to a multi-year agreement to wear Giordana technical apparel. The team will use Giordana clothing for all racing and training activities beginning in January. Giordana will also supply their women's team.

Tagged Racing & Sponsorship
PeopleForBikes says global tariff reductions on bicycles and components are unlikely to be enacted soon.

BOULDER, Colo. (BRAIN) — International negotiations to reduce tariffs on products that help the environment — including bikes and components — have stalled.

UPDATED. Company plans to open concept stores in prestigious capital cities.

GREENWICH, Conn. (BRAIN) — Italy's Pinarello bike brand has been purchased by L Catterton, a U.S.-based private equity firm. The luxury brand conglomerate LVMH, the owner of Louis Vuitton and other brands, is a part owner of L Catteron. A purchase price was not released.

Tagged Mergers & Acquisitions

MT. KISCO, N.Y. (BRAIN) — Eddy Merckx Cycles has appointed Tom Van Cauwenberghe as its new CEO as the brand's parent company and board continue to execute a multi-year plan to make it profitable. 

Tagged People

FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the Eurobike show have decided the 2018 event — which will its first in the new time frame of early July — will be a three-day event, with no consumer day.

The 2018 event will be Sunday, July 8, through Tuesday, July 10. 

Tagged Eurobike

SANTA CRUZ, Calif. (BRAIN) — Praxis Works has appointed Antoine Berte to the newly created position of European sales and marketing director. The company said the creation of the position was in response to increasing global demand for Praxis' line of cranksets, chainrings, wheels and bottom brackets.

Tagged People

MONTREAL (BRAIN) — Argon 18 has opened its first international office, which comes as the Canadian bike brand begins sponsoring and supplying the Astana Pro Team, the first World Tour team that the company has supplied. The new office is Busnago, Italy. 

Tagged Racing & Sponsorship

LONDON (BRAIN) — The Mail on Sunday is reporting that the British cyclewear brand Rapha is in discussions about a possible purchase by the luxury goods company LVMH, the owner of Louis Vuitton and other brands.

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 / Electric bike
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

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