International
TAICHUNG, Taiwan (BRAIN) — Giant Group's second-quarter sales were NT$19.7 billion ($669.7 million) and its earnings per share were NT$4.06, a company record high.
OSAKA, Japan (BRAIN) — Shimano reported Tuesday that its first-half sales in its bicycle products division were down 14.6% from the same period last year, to 123 billion yen ($1.2 billion); operating income in the segment was down 19.7%.
HEERENVEEN, Netherlands (BRAIN) — Accell Group saw sales growth of 53.1% in June, helping the Dutch bike company record a first-half sales increase of 4% despite European retail shutdowns in March and April.
GRENOBLE, France (BRAIN) — The French investment group Bourrelier, the former owner of the Bricorama home improvement retail chain, appears to be set to take over Mavic, which is in receivership.
GRENOBLE, France (BRAIN) — Fox Factory has removed itself from the bidding to acquire Mavic SAS, which is in receivership in France. However, about 13 other groups, including several with ties to the bike industry, have expressed interest in the company.
BREMBATE, Italy (BRAIN) — The owners of Vittoria Group, including founder and president Rudie Campagne, have sold the tire maker to Wise Equity, an Italian group.
OSAKA, Japan (BRAIN) — Shimano's chairman emeritus and former chairman Yoshizo Shimano died of chronic heart failure at 85 on July 3.
"The contributions he made to Shimano's business cannot be measured and his impact will be felt forever," the company said.
(BRAIN) — The United Kingdom bike industry says e-bike sales growth stalled in Q1 and during the country's COVID-19 lockdown. The industry is urging the government to provide financial incentives for e-bike purchases and create a public awareness campaign to encourage the use of e-bikes for transportation.
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike organizers say local officials have given it the go ahead to hold its event here on its new dates, Nov. 24-26, 2020.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. said its bike sales rebounded in May after a steep decline in March and April. Bike shops in Germany, Accell's largest market, began to re-open at the end of April. May sales were up 23% over the same month last year.
CHAVANOD, France (BRAIN) — Groupe Rossignol has announced the sale of the TIME bike and pedal business to WhaTTfornow, a four-year-old e-bike brand.
FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the ASEANBIKE 2020 show have announced they have postponed the inaugural event until sometime next year. Messe Friedrichshafen, the owner of the Eurobike show, had partnered with .C.C.
OSAKA, Japan (BRAIN) — Most publicly-traded bike companies' stock prices have seen a rebound since the pandemic, but Shimano's stock has rebounded and then some.
ANNECY, France (BRAIN) — Mavic has been put into receivership at the French commercial court in Grenoble, after being put under the management of a turnaround firm in February.
TOKYO (BRAIN) — Shimano reported Tuesday that its first-quarter bike division sales were down 15.4% from the same period last year. Operating income in the division declined 26.1%.
BRUSSELS (BRAIN) — The World Bicycle Industry Association is asking all countries to allow bike repair services to continue through the COVID-19 pandemic.
TAICHUNG, Taiwan (BRAIN) — As fears of COVID 19 have swept through markets worldwide, Giant Group is bracing for a difficult year ahead. However, record revenue for 2019 should help bolster the multi-national company as it attempts to minimize the virus’s impact on its global operations.
HEERENVEEN, Netherlands (BRAIN) — Accell Group said it has withdrawn a proposed dividend of 0.30 euros ($0.33) per share as part of its response to the COVID-19 pandemic.
TAIPEI, Taiwan (BRAIN) — Organizers of Taipei Cycle, the trade show originally scheduled to be held this month, have canceled a subsitute event that had been scheduled for mid-May.
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