CLOPPENBURG, Germany (BRAIN)—Derby Cycle raised €98.6 million ($133.9 million) in its market debut today on the Frankfurt Stock Exchange, the company said in a press release.
The listed price was €13.15 per share for 7.5 million shares listed.
HELSINKI, Finland (BRAIN)—Sales of Mavic rims, wheels, apparel and footwear rose 5 percent last year, totaling € 106.4 million ($142. 4 million), according to year-end financial results released Thursday by Amer Sports, Mavic’s parent company.
AIGLE, Switzerland (BRAIN)—Bike suppliers seemed pleased with a new cost structure that reduces the price of the UCI’s labeling program by more than half, though some concerns linger over the tight time frame to gain approvals.
NORTH VANCOUVER, British Columbia (BRAIN)—Ryders Eyewear's founder Brent Martin will return as brand ambassador and Canadian sales manager.
LAGUNA NIGUEL, CA (BRAIN)—As registration opens for retailers, DealerCamp has many new brands that are exhibiting at the July event, headlined by the addition of Felt Bicycles and Camelbak.
DALLAS, TX (BRAIN)—Instead of Big D, this week Dallas should be called the Big Ice.
BETHESDA, MD (BRAIN)—The Consumer Product Safety Commission on Tuesday granted manufacturers of children’s bicycles, jogger strollers and bike trailers until the end of the year to test and certify certain parts in their products for lead content.
SUN VALLEY, ID (BRAIN)—Scott Sports has changed its U.S. bicycle sales structure, adding two new regional managers. The new structure streamlines the previous three-region management system into just East and West regions.
CHICAGO, IL (BRAIN)—SRAM has promoted Jason West to vice president of retail sales and aftermarket product, and will be part of the SRAM senior management team.
LAGUNA HILLS, CA (BRAIN)—Two key U.S. industry retail organizations weighed in on a group of Spanish dealers banding together to stop suppliers from selling through large online sellers, specifically Ireland-based Chain Reaction Cycles.
MILL VALLEY, CA (BRAIN)—WTB (Wilderness Trail Bikes) has a new partnership with Japanese distributor Globeride.
Globeride, distributes Corratec and Focus bike brands in over 300 high end bicycle dealers in Japan, according to a press release.
MANCHESTER, NH (BRAIN)—This year has started on a high note for The Bike Cooperative, as they continue to grow their member base with another influx of new members.
GREENVILLE, SC (BRAIN)—Hincapie Sportswear has hired Dave Pelletier as a sales representative in Maine, Vermont, New Hampshire, Connecticut, Rhode Island and Massachusetts.
VANCOUVER, British Columbia (BRAIN)—Rocky Mountain Bicycles has hired three new employees at their Vancouver, British Columbia, headquarters.
BLOOMINGTON, MN (BRAIN)—QBP has expanded inventory levels by more than 50 percent compared to this time last year.
After years of deliberation, 690 tweets and one viewing of "The Social Network," BRAIN decided it was time to have a Facebook presence. Well, ladies and gentleman, without further ado, BRAIN's Facebook page is now live (click on above link). If you do indeed stop by, find it in your heart to be our friend.
By Nicole Formosa
PAAL, Belgium—From the beginning, Ridley Bikes was a family operation.
By Matt Wiebe
SOMERVILLE, MA—Independent Fabrication’s pending move from Massachusetts to New Hampshire marks the end of the idealistic dreams of its founders, and closes a chapter in the life of the 15-year-old frame manufacturer.
By Nicole Formosa
BLOOMINGTON, MN—Few non-eyewear specific companies have seen success penetrating the challenging optical category in bike shops, but at least a couple new players envision a bright future in sunglasses.