International
HELSINKI, Finland (BRAIN) — Amer Sports has announced that Bernard Millaud, the president of its cycling category and a member of Amer Sports executive board, has decided to step down from his current role and is appointed to a special advisory role reporting to Amer Sports' president and CEO Heikki Takala.
CINCINNATI (BRAIN) — Steadyrack, based in Perth, Australia, has formed Steadyrack USA, based here.
BOULDER, Colo. (BRAIN) — Slipstream Sports, the company that owns and manages the pro road team currently known as Cannondale-Drapac, has launched an Indiegogo crowd-funding campaign in a bid to continue racing in 2018.
SCHWEINFURT, Germany (BRAIN) — Marcus Schneider has been appointed SRAM's director of business development for e-MTB and e-mobility. The new role will focus on identifying opportunities in the e-bike market, defining strategic goals, and establishing and developing key customer relationships.
HELSINKI, Finland (BRAIN) — Amer Sports has updated its 2020 growth target. Instead of aiming for sales of 3.4 billion euros ($4.2 billion) in that year, the company is now setting a target for "annual mid-single-digit organic, currency-neutral growth."
SCOTTSDALE, Ariz.— U.S. industry veteran Paul Lew has been named CEO of the newly restructured Edco cycling company, now based in Arizona.
BREMBATE, Italy (BRAIN) — The German high-end component brand THM, which was acquired by 3T last year, is now distributing to European dealers via its own B2B sales platform.
The company said the system offers retailers enhanced transparency of the order process and quicker fulfillment.
NEW YORK CITY (BRAIN) — Phillip Lucas is transitioning to part-time consulting work with Velocomp, where he has worked for the past year. Lucas is returning to Europe to live closer to his family and work via his Netherlands-based consulting firm, Upshift Sports Consulting.
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing, a bellwether company within the industry's manufacturing sector, reported a 7.4 percent decline in revenue to $887.9 million through the first half of the year.
CAPE TOWN, South Africa (BRAIN) — Protective products manufacturer Leatt Corporation announces on Friday that its first half sales totaled $9.3 million, up from $8.5 million in the first half last year. In the half, the company registered net income of $101,000.
LONDON (BRAIN) — Rapha has announced that U.S.-based RZC Investments is now the majority shareholder in the business.
FRIEDRICHSHAFEN, Germany (BRAIN) — At the Eurobike show later this month, Gates Corporation will celebrate ten years supplying its Gates Carbon Drive belt drivetrain to bike makers. Among the new belt drive products that Gates will show at Eurobike is a limited edition white belt.
MUNICH, Germany (BRAIN) — Alternative 138 GmbH is now assisting Stages Cycling Europe with the brand's European media relations and communication.
Philipp Reiff and Danielle Reiff-Jongerius will be the main points of contact for German-speaking countries and the rest of Europe, respectively.
SCHWEINFURT, Germany (BRAIN) — Susanne Puello, who left Accell's Winora Group — a company her grandfather founded — this spring, plans to launch a new brand in partnership with KTM Industries AG at Eurobike later this month.
PADUA, Italy (BRAIN) — The Italian saddle brand Astute has announced that Ciclista-America will be its distributor in the U.S. for the 2018 season. The brand has been distributed in the U.S. by MC2 until recently.
Astute said it is "widely expanding" its presence in the U.S. market next year.
HELSINKI, Finland (BRAIN) — Amer Sports' cycling business, done through its Mavic and Enve brands, was down 12 percent in local currencies in the first half of the year, and down 18 percent in the company's second quarter, the company is reporting. But Enve sales were up in the half.
OSAKA, Japan (BRAIN) — Shimano is reporting that its bike-related sales were down 2.7 percent in the company's first half, which ended June 30. Operating income in the segment was down 11.5 percent.
STOCKHOLM, Sweden (BRAIN) — MIPS, the maker of a system intended to reduce brain injury from rotational impacts, has hired three long-time helmet industry executives.
TAMPA, Fla. (BRAIN) — American Classic has hired Mike Johnston to head up the brand's OEM sales in Europe.
NEW YORK (BRAIN) — Oath — the parent company of media titles including AOL.com, HuffPost, Yahoo Sports and Engadget — will become a major sponsor of the Cannondale-Drapac team in 2018.
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