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Photo credit: Guy Yechieli

TEL AVIV, Israel (BRAIN) — The city of Tel Aviv has unveiled Israel's newest velodrome, said to be the most advanced indoor bike racing arena in the Middle East. The velodrome's unveiling was Tuesday, a few days before the start of the Giro d'Italia in Israel on Saturday.

Tagged Racing & Sponsorship

NEWBURY PARK, Calif. (BRAIN) — Giant is holding several virtual rides to honor founder King Liu May 4-6. The company has been holding an annual ride led by Liu, now 84, in Taiwan for 10 years. This year, riders from all corners of the world can join in on Zwift.

HELSINKI (BRAIN) — Amer Sports is increasing its presence in the softgoods market, which has been one of its best performing segments in recent years, with the purchase of Peak Performance.

Tagged Mergers & Acquisitions

MALLABIA, Spain (BRAIN) — Orbea, an employee-owned co-op organization, announced this week that its first quarter sales were up 26 percent, to 28 million euros ($34.1 million). 

Tagged Earnings/Financial Reports
Mavic introduced an expanded Allroad wheel and apparel line this spring.

HELSINKI (BRAIN) — Sales in Amer Sports' cycling division, comprising the Mavic and Enve brands, were down 12 percent in local currencies in the first quarter, to 32.1 million euros ($38.9 million). The company said its cycling sales were "adversely impacted by lower OEM orders."

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN) — Shimano said a mild economic expansion in Europe, a buoyant labor market in North America, and a moderate recovery in Japan contributed to a 5.1 percent net sales increase in its bicycle division in the opening quarter of 2018, compared to the same period last year.

Tagged Earnings/Financial Reports
Photo courtesy team BMC.

ZURICH (BRAIN) — Andreas "Andy" Rihs, the owner of the BMC bike company and its pro race team, died Wednesday at age 75, according to the brand. Reports say Rihs was suffering from cancer. 

Tagged People / Racing & Sponsorship

LONG BEACH, Calif. (BRAIN) — ACT Lab, an independent third-party laboratory that conducts safety and compliance testing for the bike and outdoor industries, has added bike industry veteran Phil Bash to its global sales team.

Tagged People
The Giro-owned events, in California and Scotland, are in the fourth year.
A photo from Grinduro Scotland. Credit: Melanie Garrido (Giro Sport Design)

SCOTTS VALLEY, Calif. (BRAIN) — Giro Sport Design has announced a wide slate of sponsors for the company's two Grinduro events, which are something like a gravel bike enduro combined with a music, food and bike festival. 

TAICHUNG, Taiwan (BRAIN)  —Giant Manufacturing, closing its books on 2017, posted revenue for the year of $1.9 billion, a 3.5 percent decline from 2016.

OSAKA, Japan (BRAIN) — Shimano Inc. has issued a public apology after a fire at its factory in Sakai, Japan, on Monday.

According to the company, the fire was in a surface treatment area and workers were evacuated.

Pentland owns brands including Speedo, Mitre, Canterbury and Berghaus.

LIVINGSTON, U.K. (BRAIN) — Endura has been acquired by Pentland Brands Limited, the British family-owned business behind global brand names such as Speedo, Mitre, Canterbury and Berghaus.

Tagged Mergers & Acquisitions
Program is intended to reduce poverty in Northern Thailand.

ATLANTA (BRAIN) — Vee Tire Co. is working with a social enterprise group to recycle tires into key rings. The program is intended to reduce waste and poverty in Northern Thailand. The company will be distributing the key rings for free at next month's Sea Otter Classic and at other bike events this year. 

VALLEJO, Calif. (BRAIN) — Wren Sports has named Yap Bicycle Compania has its distributor and authorized service center for Singapore.

Company says inventory levels are right and new sporting goods business should give it a boost.

MONTREAL (BRAIN) — Dorel reported 0.6 percent growth in fourth-quarter revenue at its bike division, which includes Cannondale, Sugoi, GT, Schwinn, Mongoose and Caloi. However, full-year revenue declined 7.8 percent.

Tagged Earnings/Financial Reports

FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the Eurobike trade show are trying to encourage visitors to use bike to get to the show this year, partly in an effort to reduce traffic and parking challenges.

Tagged Tradeshows and conferences / Eurobike
Jeff Scully

HEILSBRONN, Germany (BRAIN) — Ortlieb Sportartikel GmbH has hired Jürgen Siegwarth as the company's new CEO and has added senior staff members Jeff Scully and Martin Esslinger to its managing board.

Tagged People

CANBERRA, Australia (BRAIN) — The notification that specific e-bike imports into Australia must pay a 5 percent surcharge took the nation’s bicycle industry by surprise. And no wonder. The official notification, issued Feb. 14, was buried at the bottom of the last page of a 14-page government document — underneath new tariff considerations for tools used in the slaughter of goats.

Tagged Trade/tariffs

DUBAI (BRAIN) — Despite the ongoing turmoil throughout the Middle East, where arms sales generate conventions and attention, there is also interest in generating attention for bicycle and accessory sales.

Tagged Tradeshows and conferences

TAICHUNG, Taiwan (BRAIN) — Taichung Bike Week is moving to earlier dates this year. The show will be shortened to three days and be held September 26-28, 2018, just a week after Interbike’s Reno trade show and consumer festival.

Tagged Tradeshows and conferences / Taichung Bike Week / Taipei Cycle Show

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