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FERNDALE, Wash. (BRAIN) — When Kona Bike’s founders re-acquired the brand from the private equity group that had bought it in 2022, they called the re-launch "Kona 3.0." This month, the brand might be entering the Kona 3.1 era as co-founders, Jake Heilbron and Dan Gerhard step out of their day-to-day roles and join the board. Charles Russell replaces Heilbron as President and CEO.
PITTSBURGH (BRAIN) — Helped by its acquisition of Foot Locker last year, Dick's Sporting Goods' net sales increased 63% year-over-year in the first quarter.
RANCHO DOMINGUEZ, Calif. (BRAIN) — The KHS U.S. distribution business is closing down for good this week, seven months after the company announced it would close unless it found a buyer.
SEATTLE, Wash. (BRAIN) — The judge in a product liability case over a Specialized e-MTB’s alleged “over-run” refused to enforce a proposed $175,000 settlement, which fell apart when Specialized demanded the return of the bike.
CARSON, Calif. (BRAIN) — The family and friends of motorcycle and mountain bike legend Mert Lawwill, who died earlier this month at 85, have set a date for a Celebration of Life in his honor.
The event will be Aug. 30 at the Carson Center in Carson, California.
(BRAIN) — Specialized Bicycle has reached a confidential settlement in a case filed in California over so-called "junk fees" charged to online customers.
BRUSSELS (BRAIN) — Belgium’s Market Court upheld a lower court ruling striking down the UCI’s rule limiting the maximum gear in pro road races to a 54 x 11 ratio.
SRAM CEO Ken Lousberg called the decision “groundbreaking.”
PORTLAND, Ore. (BRAIN) – Firsthand Framebuilding, a Portland framebuilding supply and education company, has purchased the assets of Paragon Machine Works, the California framebuilding supply company that announced in March that it was closing after 43 years in business.
WILMINGTON, Del. (BRAIN) — The Lycra Company, which declared Chapter 11 bankruptcy in March, completed a restructuring that includes new equity owners, CEO, and a board of directors.
SAN FRANCISCO (BRAIN) — A U.S. District judge invalidated the remaining claim of a patent infringement lawsuit by an intellectual property company against GoPro on Thursday, voiding a $8.2 million settlement for past damages.
FRANKFURT (BRAIN) — The Trade Show Advisory Board announced Eurobike will return to its traditional early fall place on the calendar in 2027 after its meeting Tuesday. Next year's show will be from Sept. 1-3.
MIAMISBURG, Ohio (BRAIN) — United Wheels is refocusing on its Huffy and Batch brands as it pauses Niner Bikes and its Buzz e-bike brands.
CHATTANOOGA, Tenn. (BRAIN) — Lynskey Performance Products owes FirstBank about $1.81 million on a term loan and a revolver loan, according to a filing made by the bank in the company's Chapter 11 bankruptcy case.
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SAN CARLOS, Calif. (BRAIN) — Ritchey has expanded its top-tier SuperLogic family with a new line of mountain bike carbon handlebars offered in zero, 20mm, and 40mm rise options.
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