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TAICHUNG, Taiwan (BRAIN) — Giant Group saw sales of NT$20.63 billion ($740 million) in its first quarter, a 54.8% increase over the same period last year. The company's net income grew 170% to NT$1.7 billion with an earnings per share of NT$4.54.

The 29er Sensa Fiori Evo SL in three size was among the frames stolen.

ALMELO, Netherlands (BRAIN) — Thieves stole hundreds of components and several carbon fiber mountain bike frames from one of Sensa Bikes' warehouses recently.

UPDATED with more details

OLDENZAAL, Netherlands (BRAIN) — A. Dugast, a Dutch brand famous for its handmade cyclocross tubular tires, is joining the Vittoria Group, the company announced Tuesday. 

Tagged Mergers & Acquisitions
Tobias and Annette Hild. SQLab photo.

Boards & More is a leading kiteboarding, windsurfing, wingfoil, and stand-up paddling supplier that also owns Ion, a mountain bike apparel brand. SQLab makes saddles, shoe insoles, grips and handlebars.

Tagged Mergers & Acquisitions

OSAKA, Japan (BRAIN) — Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%.

Tagged Coronavirus / Earnings/Financial Reports
Tigers Global Logistics Thurrock Center.

SQUAMISH, British Columbia (BRAIN) — 7mesh Cycling Apparel opened a new distribution center in the United Kingdom.

Tagged Distributor news
Simon Richardson.

HENLEY-ON-THE-THAMES, England (BRAIN) — Endura Sales Manager Simon Richardson was killed in a bike accident here on Sunday. He was 58.

Falcon AR46 Disc wheelset.

XIAMEN, China (BRAIN) — Carbon wheelset manufacturer Light Bicycle responded to increased demand in the past year by opening a warehouse in France, which will handle orders in the European Union.

Cytech owns the Elastic Interface cycling pad brand.

SAN VENDEMIANO, Italy (BRAIN) — PM&Partners SGR, an Italian private equity company, has become the majority shareholder in Cytech, the parent company of Elastic Interface and other cycling brands.

Tagged Mergers & Acquisitions
E-bikes now represent 26% of the group's revenues.

TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19. 

Tagged Electric bike / Earnings/Financial Reports

The campaign includes special packaging and QR codes that can confirm a product is authentic.

ŠUMPERK, Czech Republic (BRAIN) — The Hermann Hartje KG e-bike distributorship opened a new factory in the Czech Republic to expand its assembly and manufacturing capabilities.

Tagged Electric bike
It may happen — AFTER the boom.
Photo by Daisy Chen on Unsplash.

TAICHUNG, Taiwan (BRAIN) — Three years ago, social media feeds filled with colorful, striking images of abandoned share bikes in China, piled into teetering mountains. They shocked the world, or at least inspired use of "shocked" emojis for a few hours.

Tagged Supply chain
The heart of Taichung.

TAICHUNG, Taiwan (BRAIN) — By now, most BRAIN readers have heard stories about extended delivery times for bikes and components from Asia. What's been less obvious is how those delays are harming some of the industry's smaller and newer brands.

Tagged Supply chain
"You are either at the table or you are on the menu," Specialized's Bob Margevicius tells Taiwan industry.
Bob Margevicius

TAIPEI, Taiwan (BRAIN) — For the remainder of this decade, Taiwan's component makers will leave millions of dollars on the table  — and risk having other nations pick up the slack — unless its component manufacturers increase capacity as soon as possible, two global industry leaders say.

Tagged Supply chain / Taipei Cycle Show
The Dutch company saw a sales increase of 17% last year.

HEERENVEEN, Netherlands (BRAIN) — Accell Group NV announced Friday that its 2020 sales were up 17% over the year before, thanks to a fast recovery following the European COVID-19 lockdowns early last year.

Tagged Earnings/Financial Reports

STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.

Tagged Coronavirus / Sea Otter Classic

LONDON (BRAIN) — The UK investment firm Cairngorm Capital Partners LLP has made a strategic partnership and investment in Whyte Bikes Limited, a British brand founded in 1999.

HOYA, Germany (BRAIN) — Hermann Hartje KG will distribute Mavic products in Denmark, Netherlands, Belgium, and Luxembourg beginning March 1.

Mavic previously was distributed in Denmark through Bike Toyz of Skodstrup, Denmark.

MATTIGHOFEN, Austria (BRAIN) — After entering the European e-bike market, motorbike giant Pierer Mobility AG, the parent of KTM Motorbike, Husqvarna Motorbikes, GasGas Motorbikes and WP Suspension, seems to smell further sales opportunities.

Tagged Electric bike

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