News

Posted October 4, 2023
Joel Goralski

CALGARY, Alberta (BRAIN) —  VeloGuide, an app that matched cyclists with independent local guides, has shut down, founder and CEO Joel Goralski announced Wednesday. 

Posted October 4, 2023

PHILADELPHIA (BRAIN) — Trek, SRAM, a Taiwanese hub maker, a Trek-owned retail store and an independent Trek dealer are all named in a product liability case involving an alleged coaster brake failure two years after the coaster-brake hub was recalled.

Posted October 4, 2023

EL PASO, Texas (BRAIN) — While Helen of Troy's Home & Outdoor group net sales remained virtually unchanged year-over-year in the second quarter, overall revenue was down 5.7%.

Posted October 3, 2023
Cover of an OCP promotional document. The brands were never acquired.

NEWARK, N.J (BRAIN) — Victims of what prosecutors call a “Ponzi-like” scheme to buy several Italian cycling brands are asking a judge to release pre-sentencing materials for Samuel Mancini, who has pleaded guilty to securities fraud in the case.

Posted October 3, 2023
From left, Taylor Little, Alex Conconi, and Malcolm Steenburgh. Photo by Clayton Little

VANCOUVER (BRAIN) — A trio of entrepreneurs and longtime cyclists here have acquired all assets of retailer Bicicletta, which filed for creditor protection in June after closing its retail s

Posted October 2, 2023

BEVERLY, Mass. (BRAIN) — Parlee Cycles, which entered Chapter 11 bankruptcy in February, has been acquired by John Harrison, who the company said is "an avid cyclist and independent investor."

Posted September 28, 2023

CHICAGO (BRAIN) — SRAM has publicly released its long-awaited Eagle e-MTB drive system, which includes a motor manufactured by Brose, integrates with SRAM mountain bike groups, and includes automatic shifting and shifting-while-coasting features.

Posted September 28, 2023
Allant+ 7

WATERLOO, Wis. (BRAIN) — Trek Bicycle announced the recall of all Allant+ 7 e-bike models with Tektro brakes because the rear brake hose can be damaged if it interferes with the headlight or headlight mounting bracket.

Posted September 26, 2023

WILDWOOD, N.J. (BRAIN) — Scott Chambers never made a claim for Zippy's Bikes in the five years he's been insured by Pennsylvania Manufacturers Association Insurance Company (PMA). While the rates increased somewhat, nothing prepared Chambers for the notice he received dated Sept. 13.

Posted September 26, 2023

PITTSBURGH (BRAIN) — Dick's Sporting Goods will close 11 Moosejaw locations, including the outdoor speciality retailer's headquarters in Madison Heights, Michigan, according to the Detroit Free Press.

Posted September 22, 2023

SEATTLE (BRAIN) — Rad Power Bikes defended its quality control standards and denied the liability claim of a class-action lawsuit filed last week that a faulty fork and quick-release skewer design can cause the wheel to disengage.

Posted September 21, 2023
The Mavic USA crew at the new headquarters. JaredKatzPhotography

WATERBURY, Vt. (BRAIN) — Mavic, which was acquired in 2020 out of receivership by the French investment group Bourrelier, has had no presence in the U.S. market since at least that time, leaving retailers and consumers to struggle to find repair parts and service.

Posted September 21, 2023
Dealers will inspect the cranks for signs of delamination.

WASHINGTON (BRAIN) — Shimano says 760,000 11-speed Hollowtech road cranksets will need to be inspected for signs of delamination.

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