Industry News

MADISON, Wis. (BRAIN) — Saris Cycling Group, the parent company for Saris Racks, CycleOps, and PowerTap, has announced new distributors for its brands in Australia.

SCOTTS VALLEY, Calif. (BRAIN) — Compass Diversified Holdings and Robert C. Fox, Jr. are selling at least 3.5 million shares in Fox Factory Holding Co., according to documents filed with the Security and Exchange Commission this week.

SANTA FE, N.M. (BRAIN) — Outside Magazine's annual list of the 100 "Best Places to Work" is out and includes a handful of companies involved in the bike industry. 

Jason Smith (left) and Martin Banke.

HOLSTEBRO, Denmark (BRAIN) — Danish high-end component and bearing manufacturer CeramicSpeed has acquired Friction Facts, a Boulder, Colorado-based testing lab.

Tagged Mergers & Acquisitions

WASHINGTON (BRAIN) — The U.S. House of Representatives this week passed passed H.R. 4665, the Outdoor REC (Recreation's Economic Contributions) Act, which would require the Departments of Commerce and Labor to provide statistics on how outdoor recreation contributes to the nation's economy.

ST. LAURENT, Quebec (BRAIN) — Raymond Lanctôt Ltd., a sporting goods distributor, has launched a new bike division that will focus on the Canadian distribution of brands including Benno Bikes, Melon Helmets and Suomy Helmets.

Tagged Distributor news

COLORADO SPRINGS, Colo. (BRAIN) — Borealis Fat Bikes has launched a new online selling program that the company said will protect its current dealers. 

Tagged Omnichannel

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Pat Hus, vice president of Interbike, was recently named show director of the Sports Licensing and Tailgate Show (SLTS). Emerald Expositions owns and operates SLTS, as well as Interbike, Outdoor Retailer, and more than 80 trade shows, conferences and summits.

Cargo brand works with ShipEarly to deliver bikes through Yuba dealers.

PETALUMA, Calif. (BRAIN) — Yuba Bikes, maker of cargo bikes, is working with ShipEarly to deliver online bike sales through its network of dealers. Bikes purchased online now can be shipped to a Yuba dealer chosen by the consumer for build and pickup. It can be the closest or preferred shop the consumer selects.

Tagged Omnichannel
Company looking to omni-channel sales to compensate for reduced specialty retailer sales.

HEERENVEEN, Netherlands (BRAIN) — Sales of performance e-bikes continue to drive sales increases for Accell Group, the parent company of Raleigh, Diamondback, Haibike and other bike brands.

Tagged Omnichannel / Earnings/Financial Reports

PORTLAND, Ore. (BRAIN) — Cyclone Bicycle is the new exclusive distributor of Cinelli USA bikes and frames, which were previously distributed by BTI.

Tagged Distributor news
UPDATED

KUNSHAN, China (BRAIN) — Jeffrey Winterkorn, SRAM’s vice president of global manufacturing, told employees at the company’s Kunshan factory Monday that closing the plant was a “difficult decision.” 

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.

Tagged Earnings/Financial Reports

PARK CITY, Utah (BRAIN) — Eyewear and protective brands Shred and Slytech are celebrating their 10th anniversary this year and will complete a move from New Hampshire to Park City, Utah, this month.

BOSTON (BRAIN) — Velotooler — a new online platform that will connect freelance bike mechanics with cyclists who need service — is the first title sponsor for the CCB Velotooler Continental Team, a developmental road team that has UCI Continental registration for the 2017 season.

Tagged Mobile bike apps / Racing & Sponsorship

MONTEREY, Calif. (BRAIN) — "Overcoming Our Brutal Truths" is the theme of next year's Bicycle Leadership Conference here. Registration opened this week for the April 18-20 conference.

BOULDER, Colo. (BRAIN) — PeopleForBikes is devoting its next Industry Webinar to an examination of what the recent election means to bike infrastructure.

SAN FRANCISCO (BRAIN) — George Eubanks has been appointed the CEO of the San Francisco-based Public bike brand. Eubanks succeeds founder Rob Forbes, who is stepping aside from his CEO role and will remain active as chairman of the board of Public.

Tagged People

VISTA, Calif. (BRAIN) — Eliel, which began as a custom clothing supplier to teams and clubs, has now launched a wholesale custom clothing program for retailers who want to stock custom gear. The company said it is offering keystone pricing on custom gear in small runs to keep styles fresh in the stores.

TORONTO (BRAIN) — KindHuman Bicycles, a bike brand based here, is surveying its current and potential IBD customers about their wants and needs in the current market conditions. The company has posted a web survey on its site and inviting all retailers to chime in anonymously. 

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