IRVINE, Calif. (BRAIN) — Felt Bicycles is recalling about 200 of Felt Deep Six and El Guapo cruiser bikes because the coaster brakes can fail. The company is replacing the driver in the bike's rear hub to remedy the situation.
LAGUNA HILLS, Calif. (BRAIN) — You didn't have to walk far at the Sea Otter Classic expo earlier this month to find a European bike brand selling consumer direct in the U.S.
STEAMBOAT SPRINGS, Colo. (BRAIN) — Moots Cycles has promoted Butch Boucher, a 19-year veteran of the company, to president as former president Mike Sanders takes on a part-time role as controller and vice president of special projects in order to enjoy more free time.
OSTERMUNDIGEN, Switzerland (BRAIN) — The World Federation of the Sporting Goods Industry has set up a regional Asia office in Hong Kong and hired Helen Ford as the senior executive director of WFSGI Asia.
MILWAUKEE (BRAIN) — Ben's Cycle has recently made several key hires and promotions.
BLOOMINGTON, Minn. (BRAIN) — Rever, a new component brand from the owners of Jagwire, is now shipping its first product, a cable-actuated disc brake designed with the needs of U.S. cyclocross and gravel racers in mind.
DETROIT (BRAIN) – Bike maker Detroit Bikes has announced plans to open its first retail location, named Detroit Bikes 1216 after its address on Griswold Street, Detroit.
BOULDER, Colo. (BRAIN) – Catalyst Communication is now working with 11 cities to distribute its BikeLife Cities magazine. The latest additions are San Diego County, Calif., and Seattle, Wash.
TORONTO (BRAIN) — Onex Corporation — the parent company of Interbike and Bicycle Retailer — has agreed to sell the Tropicana Las Vegas resort to Penn National Gaming for approximately $360 million. Onex, a private equity firm, is a part owner of the resort and casino.
COLORADO SPRINGS, Colo. (BRAIN) — Derek Bouchard-Hall, a former pro cyclist who most recently was an executive at the UK-based e-commerce company Wiggle, is set to become the next CEO and president of USA Cycling.
OSAKA, Japan (BRAIN) — Shimano is on a roll, pocketing an extra $518.7 million in new business last year and adding to that $187.7 million in additional sales it earned over the first quarter ended in March.
SAN MATEO, Calif. (BRAIN) — GoPro recorded its second-highest revenue quarter in company history in the first quarter this year, registering sales of $363 million and operating income of $22.3 million.
The company said the top five best-selling camera/camcorders in the U.S. are all GoPro models.