Pon Holdings acquires Faraday Bicycles

Dutch conglomerate expands e-bike brand mix.

Giant’s global sales continue to slump due to weak markets in US and China

TAICHUNG, Taiwan (BRAIN) — The global slump in bicycle sales, especially in the U.S. and China, has taken a toll on Giant’s first three quarters of 2016 with overall revenue down 6.5 percent. Giant posted revenue of NT $44.2 billion ($1.38 billion) for the first three quarters compared to the same period last year of NT $47.3 billion.

Box Components break-in hampers OE sales effort

ANAHEIM, Calif. (BRAIN) — Thieves made off with Box Components products worth about $100,000 at retail in an overnight break-in at the company’s headquarters here Wednesday. The theft of some pre-production mountain bike drivetrain components is causing the most headaches, said Gregorio de Haro, the company’s director of sales

Fox plans to recall some Float X2 shocks; tells suppliers and retailers to stop sales now


New LeMond company will offer carbon fiber to various industries

New company is working with Oak Ridge National Laboratory to offer low-cost, high-volume carbon fiber to transportation, energy and infrastructure industries. OAK RIDGE, Tenn. (BRAIN) — Tour de France hero Greg LeMond is involved with a new company that is working with Oak Ridge National Laboratory to offer low-cost carbon fiber to several industries, including the transportation and renewable energy markets.

Giant’s first-half revenue dips as uncertainty roils global market

TAICHUNG, Taiwan (BRAIN) — Continued turmoil in the global bicycle market has pummeled Giant Manufacturing’s first-half financial results, with the world’s leading maker of bicycles posting a 3.7 percent drop in revenue compared with a year earlier Giant also forecasted continued uncertainty in the marketplace as the industry heads toward the end of the year. For Giant, the numbers are mixed

Accell Group reports record sales globally, but North American slump continues

E-bike sales drive growth in Europe. HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.

Canyon says it will begin consumer-direct sales in US by next spring

Investment firm provides capital for expansion.

Accell Group reports growth in third quarter revenue

Sales of higher priced e-bikes in Europe continue to drive revenue and profits. HEERENVEEN, Netherlands (BRAIN) — Accell Group reported growth in revenue in the third quarter, which the Dutch conglomerate attributed to healthy sales of the company’s German and French bike brands. Accell owns several European brands including Batavus, Sparta, Koga, Loekie, Ghost, Haibike, Winora, Lapierre, Tunturi, Atala and XLC.

Fox still evaluating what to do with Marzocchi

Company plans to move the brand to Taiwan, will continue some legacy products as it adds new models. SCOTTS VALLEY, Calif. (BRAIN) — Marzocchi is unlikely to contribute much to Fox Factory’s bottom line for at least a year, Fox executives warned investors Wednesday, saying it will take some time and money to resurrect the Italy-based brand, which is currently dormant