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JAKOBSTAD, Finland (BRAIN) — Finnish component producer Herrmans is opening a warehouse in Shanghai, China, to serve its China-based OEM customers. The warehouse will be operational with stock in May.

Updated: Zwift is also a team sponsor.
Cromwell with a Canyon bike at a team presentation in London on Friday.

LONDON (BRAIN) — Rapha has made a three-year agreement to sponsor and supply the new Canyon/SRAM Women's Professional Team.

Tagged Racing & Sponsorship

NEW YORK (BRAIN) — Taiwan-based Wellgo Pedal Corp. is terminating its recent patent infringement suit against Tern Bicycles, Mikashima Industrial, and a New York City retailer over a quick release pedal.

Sales of higher priced e-bikes in Europe continue to drive revenue and profits.

HEERENVEEN, Netherlands (BRAIN) — Accell Group reported growth in revenue in the third quarter, which the Dutch conglomerate attributed to healthy sales of the company's German and French bike brands.

Tagged Earnings/Financial Reports

GIVISIEZ, Switzerland (BRAIN) — Scott Sports SA has formed two joint ventures with Sheppard Industries to distribute Scott products in Australia and New Zealand.

Tagged Distributor news

SACRAMENTO, Calif. (BRAIN) — Organizers say they have registered exhibitors from more countries than ever for next year's North American Handmade Bicycle Show, which will be held here Feb. 26-28.

Tagged North American Handmade Bicycle Show

DUNDAS, Ontario (BRAIN) — Canadian sock maker SAKO7 has signed Moore Large Distribution UK to carry the full range of SAKO7 apparel and accessories, with stock set to be available later this month.

Tagged Distributor news

LITTLE ROCK, Ark. (BRAIN) — A year after taking over leadership of Orbea USA, Gonzalo Garcia de Salazar has been promoted to global sales manager for the Spanish brand.

Tagged People

WILTON, Conn. (BRAIN) — Dorel Sports has promoted Nick Larsen to global head of parts and accessories for Cycling Sports Group. In the role, Larsen will oversee all aspects of the business from product design and development to distribution and sales. Larsen was previously creative director for P&A.

MADRID (BRAIN) — Rotor Bike Components has named Sergio Iglesias creative director. In his new role, Iglesias will be in charge of Rotor´s brand identity, its visual presence in the marketplace, and the brand´s long-term creative direction.

Tagged People

LONDON (BRAIN) — Rapha and Team Sky will end their four-year sponsorship agreement at the conclusion of the 2016 season, Rapha founder Simon Mottram announced this week on the company's website

Tagged Racing & Sponsorship

RICHMOND, Calif. (BRAIN) — Cycle Monkey is now going to distribute Tout Terrain bikes and other products in the U.S.

Tour Terrain is a German maker of high-end city and expedition touring bikes, suspended trailers for children and cargo, and the Cinq5 components line.

Tagged Distributor news

STOCKHOLM (BRAIN) — Thule Group will continue to focus on its Outdoor & Bags division, despite some softness in sales of its electronics and camera bags in the Swedish company's most recent quarter.

Tagged Earnings/Financial Reports

BERLIN (BRAIN) — German e-bike company Brose has hired Anne Guethoff as its new director of marketing. Guethoff has diverse marketing management and sales integration experience at companies including Johnson & Johnson, Essilor Transitions and Rodenstock.

Tagged People

TAIPEI, Taiwan (BRAIN) — Organizers in Taiwan are encouraging members of the bike industry and bike advocacy community to combine trips to next year's Velo-City Global conference and the Taipei Cycle Show.

Tagged Taipei Cycle Show

MADRID (BRAIN) — Rotor Bike Products will be distributed in the United Kingdom by Saddleback, starting Jan. 1.

Tagged Distributor news

BRISBANE, Australia (BRAIN) — Recon Instruments' Recon Jet smart sunglasses will be distributed in Australia and New Zealand by FE Sports.

FE Sports will also showcase Recon Jet at the Noosa Triathlon Multi Sport Festival in Queensland, Australia, this weekend.

Tagged Distributor news

OSAKA, Japan (BRAIN) — Shimano says its bike and e-bike component sales have been strong globally in the first three quarters of 2015, with double-digit percentage increases in sales despite unfavorable weather in Europe and North America.

Tagged Earnings/Financial Reports
Sales grew steeply in the UK and Europe, but declined in the rest of the world in the year ending in February 2015.

LONDON (BRAIN) — Wiggle's sales for the 12 months that ended in February 2015 totaled £179 million ($276 million), up 11.5 percent from the prior period, the company announced Friday.

Mavic sales by quarter

HELSINKI (BRAIN) — Sales in Amer Sports Corp.'s cycling business — via its Mavic brand — were down 5 percent in its third quarter, which ended Sept. 30, and up 1 percent year to date compared with the same period last year.

Tagged Earnings/Financial Reports


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