CHICAGO, IL (BRAIN)—The Chapter 11 filing of Lehman Brothers Holdings (LBHI), the largest bankruptcy filing in history, rocked the financial world Monday, will have little impact on SRAM’s equity partnership deal with Lehman Brothers Merchant Banking (LBMB), according to Stan Day, SRAM’s chief executive officer.
"Remember when you were young, you shone like the sun.
Shine on you crazy diamond."
—Pink Floyd. Richard Wright, a founding member of the band died yesterday after a battle with cancer at his home in Britain. He was 65.
BY MEGAN TOMPKINS
SAN PIETRO DI STABIO, Switzerland—Assos of Switzerland is laying a foundation in North America in hopes of capturing a larger slice of the premium cycling apparel sales pie.
BY JASON NORMAN
BY NICOLE FORMOSA
HOLBROOK, NY—Iron Horse Bicycles has acquired the license for the Instant Center Tracking suspension design from Ellsworth Handcrafted Bicycles, which will replace the DW Link on the brand’s high-end bikes in 2010.
"LRMR (Lebron James' company) owned about 10 percent of big bicycle manufacturer Cannondale with private-equity firm Pegasus. Sold it a few months ago. 'Lebron and I came up with the idea," said Maverick Carter, one of James' partners in LRMR.
WATERLOO, WI (BRAIN)—Trek Bicycle recently recognized three retailers at the company’s annual Trek World convention in Madison, Wisconsin for a combined six decades of success selling Trek bicycles and accessories.
SAN JUAN CAPISTRANO, CA (BRAIN)—Interbike has set up a Twitter account to keep attendees abreast of show happenings with event reminders, schedule updates and news about the show.
HOLBROOK, NY (BRAIN)—Stew Barnett has left World Wide Cycle Supply after spending nearly 30 years with the company.
Barnett’s final day was last Thursday, said Cliff Weidberg, chief executive officer of World Wide Cycle Supply, which owns Iron Horse Bicycles.
LAGUNA HILLS, CA (BRAIN)—When dealers descend on Interbike next week, they can look forward to reading the fattest Show Dailies the BRAIN staff has ever produced—56 pages of new products, show stoppers, photo pages, our annual Beer Guide and more.
Real estate agents around the country are touting the two-wheeled appeal of their listings. Click on link for full story.
"I was told that I could listen to the radio at a reasonable volume from nine to eleven, I told Bill that if Sandra is going to listen to her headphones while she's filing then I should be able to listen to the radio while I'm collating so I don't see why I should have to turn down the radio because I enjoy listenin
CARLSBAD, CA (BRAIN)—This month marks the official birth of Squadra as a 100 percent stand-alone brand as the company has chosen not to renew its licensing agreement to produce Castelli custom.
FERNDALE, WA (BRAIN)—Kona this month is donating 100 AfricaBikes to one of the World Wildlife Fund for Nature (WWF) water projects in Tanzania, Africa.
BLOOMINGTON, MN (BRAIN)—Quality Bicycle Products and Assos of Switzerland have signed a dual distribution agreement.
TORONTO, Ontario (BRAIN)—Fourth Floor Distribution is now the authorized distributor for Batavus bikes in the United States.
SAN JUAN CAPISTRANO, CA (BRAIN)—Interbike have teamed up with Momentum Magazine to produce the first "Urban Legend Fashion and Art Show" at Interbike 2008 on Sept. 25 at 5 p.m.
CENTENNIAL, CO (BRAIN)—Trimax Locks has appointed Chris Harvey to vice president of sales and marketing.
Harvey joins Trimax with extensive industry knowledge and more than 20 years in the industry, the last six spent with
BEAVERTON, OR (BRAIN)—Yakima has partnered with Hans Johnsen Company, a bike part distributor in Dallas, Texas.