Industry News

Phoenix signs Tyler Faoro for factory team • New Balance continues sponsorship of Garmin-Barracuda team • San Francisco Bike to Work Day gets wiggly video

BLOOMINGTON, MN (BRAIN) Thursday May 3 2012 12:18 PM MT—Steve Flagg and Mary Henrickson have acquired a majority stake in SmartEtailing, developer of websites and software for more than 1,000 U.S. specialty bike dealers.

Tagged Mergers & Acquisitions

CHATTANOOGA, TN (BRAIN) Thursday May 3 2012 11:22 AM MT—Chattanooga will host USA Cycling's professional road and time trial championships next year and for two years after, the organization announced here on Thursday.

Tagged Racing & Sponsorship

PLUS: Performance Bicycle to award $30,000 in community grants • QBP adds to salesforce in Midwest, Southwest and Florida • Register One Sales Agency to r

OLATHE, KS (BRAIN) Wednesday May 2 2012 11:38 AM MT—Strong demand for its fitness and outdoor GPS products helped Garmin Ltd. post a 10 percent increase in revenue to $557 million for the first quarter ended March 31, exceeding analyst expectations for a third consecutive quarter.

Tagged Earnings/Financial Reports

PLUS: Supporters break ground for Cleveland velodrome ... Saris announces bike corral contest ...

Tagged Distributor news

BOULDER, CO (BRAIN) Wednesday May 2 2012 9:00 AM MT—Competitor Group Inc. on Wednesday announced new editorial hires for its Velo magazine and VeloNews.com.

Tagged People

CHATTANOOGA, TN (BRAIN) Tuesday May 1 2012 3:38 PM MT—Peter Hurley, currently CEO and president of American Bicycle Group, has acquired a majority interest in the company, ABG announced Tuesday.

Tagged Mergers & Acquisitions

WASHINGTON, DC (BRAIN) — Bike advocacy groups are making the most of National Bike Month, which kicked off Tuesday, by lobbying Congress to restore funding for bike projects in the federal transportation bill.

Tagged Advocacy/Non-profits

CHICAGO, IL (BRAIN) Tuesday May 1 2012 9:46 AM MT—Crain's Chicago Business is reporting that Chicago's Inspector General has opened an investigation into alleged irregularities in the awarding of a multi-million dollar contract for a bike sharing program.

SAN DIEGO, CA (BRAIN) Tuesday May 1 2012 9:13 AM MT—Tim Jackson is leaving his position as marketing manager for Pivot and BH Bikes, effective Tuesday.

Tagged People

NEW YORK, NY (BRAIN) Monday April 30 2012 6:13 PM MT—Bike Expo New York will bring in about 90 exhibitors in this Thursday through Saturday in advance of the city’s popular TD Five Boro Bike Tour.

Tagged Consumer Expos and Rides

BRUSSELS, Belgium (BRAIN) Monday April 30 2012 2:45 PM MT—The European Commission has launched an investigation to determine whether the EU bicycle market is being threatened by lower cost Chinese products imported from government-subsidized manufacturers.

OSAKA, Japan(BRAIN) Monday April 30 2012 2:07 PM MT—A warm winter in Europe and North America pushed Shimano’s bicycle component sales to $619.7 million ($49.808 billion Yen) over the first quarter, up from $507.5 million ($40.792 billion Yen) last year, a 22 percent increase.

Tagged Earnings/Financial Reports

Boulder indoor velodrome closing suddenly • National Bike Challenge kicks off Tuesday • Ontario group announced Bicycle Friendly Community Awards • USA Cycling makes deal with hotel group

Tenth Ride of Silence planned for May 16 • Interbike works with ARTCRANK to make ads for 2012 event • 'Ride Before the Pros' planned prior to ATOC finale • Pennsylvania House gets bike friendly rep • Maxxis updates DHR with new tread design

CLOPPENBURG, Germany (BRAIN) Friday April 27 2012 3:05 PM MT—Derby Cycles’ license to sell Raleigh in parts of Europe will continue even as one of its primary competitors, Accell Group, takes over ownership of the British brand.

Tagged Mergers & Acquisitions

Florida dealers association donates decals for police cars • Tern partners with Munich Transport Authority • Illinois judge rejects 'Amazon tax'

HELSINKI, Finland (BRAIN) Friday April 27 2012 11:06 AM MT—Amer Sports, parent company of Mavic, is reporting a net sales increase of about 7 percent in the first quarter.

Tagged Earnings/Financial Reports

Eastern Bikes adds dealer locator to website • Paul Turner hosts bike race on Hawaii property • LAVA magazine to make newsstand debut next month • SRAM extends Tour of the Gila sponsorship • Raleigh offers bike-to-school scholarships in Ohio

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