International
GIVISIEZ, Switzerland (BRAIN) — Scott's search for a new CEO has concluded with the appointment of two co-CEOs: longtime Scott executive Pascal Ducrot and Juwon Kim. Kim has been an interim CEO since the Scott board replaced longtime CEO and part-owner Beat Zaugg in March.
TAIPEI, Taiwan (BRAIN) — Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year.
(BRAIN) — Swedish sports nutrition brand Maurten has closed on a 20 million euro ($21.7 million) investment led by IRIS Ventures. The investment round also had participation from existing investors including Dan Sten Olsson, the CEO of Stena Sphere, a Swedish investment firm.
ANTWERP, Belgium (BRAIN) — Belgian drivetrain startup Classified has hired Dennis Weijers as its Chief Commercial Officer. Weijers was most recently the marketing director for Shimano Europe.
Prior to Shimano, Weijers held various leadership roles at TomTom.
HEERENVEEN, Netherlands (BRAIN) — Accell Group recently issued a business update to its shareholders and business partners and included an update on its Babboe cargo bike recall over concerns about the structural integrity of its frames.
FRANKFURT, Germany (BRAIN) — Organizers of Eurobike, which closed Sunday following its closing weekend consumer festival, said attendance by both consumers and trade visitors was up slightly this year over last.
FRANKFURT, Germany (BRAIN) — Day 2 (July 4) at Eurobike lacked fireworks, but pretzels, wiener schnitzel and potato salad were an acceptable substitute for hot dogs, apple pie and — potato salad. Here are a few things we turned up.
FRANKFURT, Germany (BRAIN) — The third Eurobike to be held at the Frankfurt Messe opened Wednesday for three days of trade show action followed by a weekend consumer festival.
(BRAIN) — Following a report by the World Health Organization about rising levels of physical inactivity globally, several industry brands have signed onto to a statement calling for "urgent and coordinated action" to combat the trend.
(BRAIN) — Warner Bros. Discovery has sold Play Sports Network — the parent of cycling website GCN — back to its founders, Simon Wear and Mia Walter.
TREVIGLIO, Italy (BRAIN) — Bianchi officially opened its new factory here Tuesday with a manufacturing capacity of 500 bikes per shift.
STRATFORD-UPON-AVON, United Kingdom (BRAIN) — Pashley Cycles named Andy Smallwood its new CEO, replacing Adrian Williams, who remains chairman of the brand.
Smallwood previously was Ribble Cycles' CEO and before that was Boardman Bikes' managing director.
OBORNIKI, Poland (BRAIN) — DT Swiss is now assembling all its forks, shocks, dropper posts and remote levers at its DT Swiss Polska Sp. facility in Poland. Previously the assembly was done at the company's facility in Taichung, Taiwan.
TAIPEI, Taiwan (BRAIN) — Giant Manufacturing says bike sales in China continue to be a bright spot, but inventory reductions in Europe and North America continue to dampen overall sales.
OSAKA, Japan (BRAIN) — Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year.
(BRAIN) — Police were reportedly called to Scott Sports headquarters in Switzerland on Wednesday afternoon to respond to what officials said was "a dispute between managers."
TAIPEI, Taiwan (BRAIN) — Industry members in Taiwan say Wednesday's 7.4 magnitude earthquake did little more than shake up residents and perhaps knock some products off the shelves.
GIVISIEZ, Switzerland (BRAIN) — Industry veteran Beat Zaugg, who has been an owner of Scott Sports since 1998, says he remains the brand's CEO, a minority shareholder and chairman of its parent company board, despite a news release Friday saying that the board had fired him.
GIVISIEZ, Switzerland (BRAIN) — Scott Sports Board of Directors replaced CEO Beat Zaugg "to refresh Scott's development to become a world-class manufacturer in bikes and other outdoor sport categories."
DELTA, British Columbia (BRAIN) — A 40-foot shipping container with 150 Biktrix e-bikes valued at more than $500,000 — including some 2025 prototypes — was stolen from a warehouse here during the early morning hours of March 19.
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