Industry News

TORONTO (BRAIN) — Onex Corporation — the parent company of Interbike and Bicycle Retailer — has agreed to sell the Tropicana Las Vegas resort to Penn National Gaming for approximately $360 million. Onex, a private equity firm, is a part owner of the resort and casino.

Tagged Mergers, Acquisitions & Investments
Derek Bouchard-Hall is a former U.S. pro criterium champion and former executive at Wiggle UK.

COLORADO SPRINGS, Colo. (BRAIN) — Derek Bouchard-Hall, a former pro cyclist who most recently was an executive at the UK-based e-commerce company Wiggle, is set to become the next CEO and president of USA Cycling.

Tagged Racing & Sponsorship
Bike-related sales lead the way with 34 percent gain.

OSAKA, Japan (BRAIN) — Shimano is on a roll, pocketing an extra $518.7 million in new business last year and adding to that $187.7 million in additional sales it earned over the first quarter ended in March.

Tagged Earnings/Financial Reports

SAN MATEO, Calif. (BRAIN) — GoPro recorded its second-highest revenue quarter in company history in the first quarter this year, registering sales of $363 million and operating income of $22.3 million.

The company said the top five best-selling camera/camcorders in the U.S. are all GoPro models.

Tagged Earnings/Financial Reports

BERLIN (BRAIN) — Vittoria has received an award for its successful commercial use of the new carbon material, graphene.

Tagged Awards

SILVER SPRING, Md. (BRAIN) – The Sports & Fitness Industry Association this week released its 2015 participation report that ranked sports activities by number of participants. Road bicycling ranked 7th on the survey's top 10 list with 20.4 million core participants in 2014.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike on Thursday opened registration for all attendees including retailers, distributors, media and others. Hotel room blocks are now open as well, with lodging options available through Interbike's official travel partner, Travel Planners.

Tagged Interbike

OLATHE, Kan. (BRAIN) — Garmin's overall revenues were flat in the first quarter, but its fitness division — which includes its cycling-related products — grew by 31 percent, the company announced Wednesday.

Tagged Earnings/Financial Reports
Stores will have access to paint and component options via the Italian manufacturer's new B2B site.

DUEVILLE, Italy (BRAIN) — Italy's Basso Bikes is changing up its distribution plan for the U.S. market. Instead of using a distributor, the manufacturer will ship straight to dealers from Italy, taking orders through its business-to-business website.

DUNDAS, Ontario (BRAIN) — South African sock brand Sako 7 is relocating from Cape Town to Ontario, Canada, and will now be distributed by Peter Appleton's SB Sports Inc.

Previously the brand was distributed by Defeet, which remains the brand's manufacturer.

Tagged Distributor news

DENVER (BRAIN) — Clement Cycling has hired Aspekt Brand Communications, headed by industry veteran Suzette Ayotte, to handle its public relations in the U.S.

Ohio retailer Century Cycles and Raleigh are major sponsors.

ROCKY RIVER, Ohio (BRAIN) — The eighth annual Bike to School Challenge, in the Cleveland suburbs, will return May 4-22.

The program involves more than 5,000 middle school, high school and elementary school students in the communities of Bay Village, Rocky River, and Medina.

HINESBURG, Vt. (BRAIN) — The Vermont cycling community is mourning Richard Tom, a prominent cyclist and former bike shop employee who died Sunday after being hit by a car.

SAN CARLOS, Calif. (BRAIN) —Ritchey components and frames are now available to Canadian dealers through QBP Canada. Previously, Ritchey was distributed by Live to Play in Canada.

Tagged Distributor news

SAN DIEGO (BRAIN) — BMC USA Corporation has announced several changes and additions to their sales representatives and inside sales staff.

SACRAMENTO, Calif. (BRAIN) — A groundbreaking e-bike measure backed by an industry lobbying effort gets its first hearing Monday in the California legislature. The hearing comes after the sponsor of a competing bill, supported by Pedego Electric Bikes, agreed to drop his bill in favor of the other measure.

Tagged Electric bike

BLOOMINGTON, Minn. (BRAIN) — Raleigh UK LTD will be Salsa Cycles' exclusive distributor to United Kingdom bike shops effective May 1.

Tagged Distributor news

MORGAN HILL, Calif. (BRAIN) — Kali Protectives has elevated Steve Hays from a territory management position to the newly created logistics management role. Hays has been with the helmet and protective gear company since 2012, and has spent the past 15 months managing the California territory.

CARLSTADT, N.J. (BRAIN) — Action Bicycle USA has expanded its outside sales force with the hiring of William P. "Pat" Mahoney for the state of Ohio.

Tagged Distributor news

PETALUMA, Calif. (BRAIN) — Products from cargo bike brand Yuba Bicycles are now available through The Bike Cooperative.

The Bike Co-op's 340 retail member earn rebates on their purchases from its supplier partners, which includes Yuba, effective immediately. 

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