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FELIXSTOWE, England (BRAIN) — Merida Bikes reported the theft of 133 bikes on Thursday from a container at a Southampton port that was on its way to its logistics facility here.

SCHLITTERS, Austria (BRAIN) — E-bike brand Nox Cycles officially opened its new headquarters in the Austrian Alps on Friday, combining production, administration, warehouse, showroom, and an in-house demo center.

The cost of the facility was 3 million euros ($3.1 million).

Tagged Electric bike

TAIPEI, Taiwan (BRAIN) — Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year.

Tagged Earnings/Financial Reports
Photo from Orbea's factory in Mallabia, Spain.

ERMUA, Spain (BRAIN) — Orbea, the Basque co-op bike manufacturer, had its sixth consecutive record sales year in 2021, hitting 282 million euros ($298 million). The co-op added 170 news jobs in the year, bringing its total workforce to nearly 1,000, with 90% of its workers in Europe.

Tagged Earnings/Financial Reports

MORGAN HILL, Calif. (BRAIN) — Specialized has appointed Armin Landgraf as its Chief of Worldwide Markets, effective May 1.

One-month historical stock quote chart from TradingView.com.

TOKYO (BRAIN) — Shimano Inc.’s stock price fell nearly 14% on Wednesday following the release of its first-quarter earnings report Tuesday. 

OBERWANGEN, Switzerland (BRAIN) — Stromer reached an agreement to merge with Spanish e-bike brand Desiknio Cycles SL. Details of the transaction, which is subject to customary approvals, were not released.

Tagged Electric bike / Mergers, Acquisitions & Investments

SHANGHAI (BRAIN) — The 31st China International Bicycle Fair scheduled for May 6-9 at the New International Expo Centre has been postponed as the city deals with rising COVID-19 cases.

Tagged Coronavirus / Tradeshows and conferences

PARIS (BRAIN) — Global sports retailer Decathlon is the latest company to announce it will suspend its business in Russia due to the Ukraine invasion. Most other brands involved in cycling have done the same

TAIPEI, Taiwan (BRAIN) — Giant Group says its full-year 2021 sales were 81.8 billion New Taiwan dollars ($2.85 billion), up 17% from 2020.

Tagged Electric bike / Earnings/Financial Reports

DANA POINT, Calif. BRAIN) — With consumer demand waning, inflation rising and stimulus money drying up, Wednesday's announcement that many Chinese bikes will become exempt from a 25% tariff was well-timed.

Tagged Tariffs

NEWBURY PARK, Calif. (BRAIN) — After initially being unavailable to comment to BRAIN, Giant Group and Orbea each now say they have halted business in Russia due to the country's invasion of Ukraine.

TAIPEI, Taiwan (BRAIN) — More than 13,500 people attended the four-day in-person TAIPEI Cycle trade show for the Asian industry that ended Saturday.

Tagged Taipei Cycle Show

MILAN (BRAIN) — PIrelli announced Thursday that it would halt its operations in Russia except for security tasks.

UPDATE: Pirelli halts operations in Russia; Orbea stopped operations the day after the invasion.

MILAN, Italy (BRAIN) — Most bike suppliers tell BRAIN they have stopped doing business in Russia following the country’s invasion of Ukraine. The decision to end business there is due to the difficulty of operating under banking sanctions and the voluntary decision by some shipping companies to stop delivering in Russia. Or a happy coincidence of both.

CUMBRIA, England (BRAIN) — Lyon Cycle announced a United Kingdom distribution agreement with Industry Nine. The brand will be led in the UK by Lyon Cycle Market Manager Jordan Lunn.

Tagged Distributor news

WELLINGBOROUGH, United Kingdom (BRAIN) — Storskogen UK has acquired the majority of shares of cycling parts and accessories distributor Extra UK.

Tagged Mergers, Acquisitions & Investments

MILAN (BRAIN) — Pirelli has begun making its high-end P Zero Race road and mountain bike tires at its factory in Bollate, Italy. The factory, first opened in 1962, was recently modernized to accommodate production of the brand's high-end models. 

The Merida Scultura 5 Team

TAIPEI, Taiwan (BRAIN) — The Awards Pavillion at the Taipei Cycle show features 33 awards winners across several categories, including electrification, IoT, systematic solutions, and green elements in product design

BRAIN talks with Leonor Lin, the president of TAITRA, the trade group that organizes the shows.
Leonor Lin, President of TAITRA

TAIPEI, Taiwan (BRAIN) — As the industry struggles to overcome supply chain challenges that are likely to increase due to the war in Ukraine, the Asian industry gathers this week at the TAIPEI Cycle trade show and its DigitalGo virtual show.

Tagged Taipei Cycle Show

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