Industry News

TORONTO, CANADA (BRAIN) Thursday May 31 2012 5:16 PM MT—Cervélo has shifted nearly all its bike assembly for North America from its Toronto-area headquarters to third-party factories in Asia.

CARLSBAD, CA (BRAIN) — Cervélo and Focus Bicycles will combine sales teams and support functions as part of the integration under new owner Pon Holdings, the brands announced Thursday.

MARINA, CA (BRAIN) Thursday May 31 2012 7:42 AM MT— Sidi Sport is restructuring its U.S. operations to create a "closer collaboration" between its Italian home base and the U.S. market, the company announced Wednesday.

NEWBURY PARK, CA (BRAIN) Wednesday May 30 2012 11:48 AM MT—Gregg Frederick is assuming the role of director of retail services for Giant USA. Frederick, who has been with the company for 17 years, most recently was director of sales.

Tagged People

NEWMARKET, Ontario (BRAIN) Wednesday May 30 2012 11:29 AM MT—Dartmoor Bikes Canada USA Inc. is suspending its importation and distribution of the Polish-made Dartmoor brand of bike products.

Club Ride staffs up, joins Bikes Belong • Keith Karlick joins Hammerquist Studios as director of interactive • Bikes for Kids Utah changes direction

LAGUNA NIGUEL, CA (BRAIN) Wednesday May 30 2012 8:09 AM MT—Ridley Bikes will exhibit at PressCamp and DealerCamp this year, the shows' producer, Lifeboat Events, announced this week.

Tagged PressCamp

ALMERE, Netherlands (BRAIN) Tuesday May 29 2012 12:26 PM MT—Derby Cycle could soon return to its private status after more than a year of trading on various European stock exchanges.

Shimano giving away RD+ parts to T.E.C. users • VSI Products launching seven online stores with Shopatron • Health+Fitness Business Expo targets light commercial market

Al Budris has been let go as president of Sidi America, he told friends in the industry this week.

"I was “restructured” out of Sidi America on Tuesday and the organization will be run from Italy," Budris said in an email.

Tagged People

CLOPPENBURG, Germany (BRAIN) Friday May 25 2012 12:28 PM MT—Derby Cycle gained 17.3 percent in revenue in the first half of its financial year, led by significant growth in e-bike sales, according to an earnings report issued Friday.

Tagged Earnings/Financial Reports

Utah high school league off to record start • Saris to offer brats and bike parking at Brat Fest • Volkswagen sponsors KOM prize at professional championships

LAGUNA HILLS, CA (BRAIN) Thursday May 24 2012 3:28 PM MT—The bike business in Europe is showing resilience despite daily headlines on the continent’s turbulent economy that are bound to push buying to the back of some consumers’ minds.

OSTERMUNDIGEN, Switzerland (BRAIN) Thursday May 24 2012 3:06 PM MT—The International Olympic Committee has relaxed rules for branding on bikes used in the Olympics, lifting a rule that restricted bikes to having just one logo of no more than 60 square centimeters (about 3 inches squ

Tagged Racing & Sponsorship

MONTREAL (BRAIN) Thursday May 24 2012 10:40 AM MT—Dorel Industries’ chief executive Martin Schwartz told company shareholders Thursday morning that he expect Dorel’s fast growing bike business to keep moving ahead at the same pace this year.

Tagged Earnings/Financial Reports / Bikeshare

Micah Rice promoted at USAC • 4iiii shipping $150 heads-up device • Nuun introduces all-day hydration tabs • Profile wheels approved by UCI • Gran Fondo New York offers reimbursement insurance

HEERENVEEN, Netherlands (BRAIN) Wednesday May 23 2012 8:47 AM MT—Accell Group N.V. has completed the purchase of all issued shares in Raleigh Cycle Limited, the company announced Wednesday.

Tagged Mergers & Acquisitions

PLOVDIV, Bulgaria (BRAIN) Wednesday May 23 2012 5:53 AM MT—Dahon has begun producing bikes for the European market in Bulgaria through a partnership with local manufacturer Maxcom.

Washington leads bike-friendly states ranking • Shimano Europe donates €50k to Make-A-Wish • Minnesota high school leagues readies for debut

BATH, United Kingdom (BRAIN) Tuesday May 22 2012 1:15 PM MT—Future media group revenue fell 11 percent in the half-year ending March 31 although its digital business was a bright spot with iPad sales and digital advertising both on the rise, according to an earnings report released

Tagged Earnings/Financial Reports


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