Industry News

SCOTTS VALLEY, CA (BRAIN) — Fox Factory Holding made its initial public offering of 8,571,429 shares of its common stock late Wednesday at an offering price to the public of $15 per share. The stock surged as high as $19.47 before closing the trading day at $18.61.

Ben Serotta

Ben Serotta, who was recently fired from the company he founded 41 years ago, shares some thoughts with the cycling community.

CARLSBAD, CA (BRAIN) — Eyewear maker Spy Inc. on Wednesday reported its ninth consecutive quarter of growth with sales of $10 million for the three months ended June 30, up 6 percent from the second quarter a year earlier.

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN) — Shimano’s overall sales through June were $1.4 billion (133.1 billion yen), up from $1.3 billion (123.6 billion yen) over the first six months last year.

Tagged Earnings/Financial Reports

TAIPEI, TAIWAN (BRAIN) — Organizers of next year’s Taipei Cycle Show are calling out now for entries in its annual design and innovation contest—one of the premier events at the international expo.

Tagged Awards / Taipei Cycle Show

LAGUNA HILLS, CA (BRAIN) — With Interbike on the horizon next month, submission deadlines are fast approaching for Bicycle Retailer’s Show Dailies, distributed at the Vegas expo.

Tagged BRAIN News / Interbike

SAUSALITO, CA (BRAIN) — A non-profit organization is publishing a quick-reference card to help cycling teams and race officials assess possible concussions.

Tagged Advocacy/Non-profits / Racing & Sponsorship

LAGUNA NIGUEL, CA (BRAIN) — Lifeboat Events on Wednesday announced pricing and other details for a new, smaller-scale winter edition of Bike PressCamp, scheduled for January, as well as dates for the sixth edition of its summertime PressCamp.

Tagged PressCamp
Jayson Goh

BOULDER, CO (BRAIN) — CatEye announced that Jayson Goh is now heading up its U.S. office as president, replacing Thomas Prehn, who will no longer be involved with the company’s daily operations.

The partially built velodrome in Erie, Colorado, was heavily damaged by a wind storm this weekend

BOULDER, CO (BRAIN) — RecoFit Compression Gear is donating $3 from the online sales of its Armcoolers sleeves to help with the completion of the Boulder Valley Velodrome in Erie, Colorado.

SARATOGA SPRINGS, NY (BRAIN) — Founder Ben Serotta has left the company he founded 41 years ago, as has CEO Bill Watkins.

TORONTO, Canada (BRAIN) — Rick Vosper started his new job as global marketing director at Cervélo Cycles this week. Vosper is relocating from Boulder, Colorado, to Toronto, where the bike brand is headquartered. Vosper’s last day at SmartEtailing, where he was client services director, was Friday.

MILAN, Italy (BRAIN)—Luxottica Group reported for a second straight quarter that strong performance in its wholesale division, which includes Southern California-based Oakley, helped propel improved sales for the Italian eyewear company.

Tagged Mergers, Acquisitions & Investments / Earnings/Financial Reports

PARK CITY, UT (BRAIN) — Competitive Cyclist will be giving away a Merlin Extralight road bike with SRAM Red components at the Tour of Utah, which starts Tuesday.

Tagged Racing & Sponsorship

BOULDER, CO (BRAIN) — Colorado-based Polar Bottle has, for the second year, signed on as the official sports bottle of the USA Pro Challenge, the six-day professional stage race held later this month.

Tagged Racing & Sponsorship

FRYEBURG, ME (BRAIN) – Maine-based distributor Downeast Bicycle Specialists has been sold to the Hans Johnsen Company of Dallas, Texas, the companies announced this weekend.

Tagged Distributor news

ROANOKE, VA (BRAIN) — QRide Inc. has hired two sales agencies to represent its products to IBDs and specialty outdoor retailers.

Madison, Wisconsin-based Camillo & Associates will cover a large portion of the upper Midwest.

OLDENBURG, Germany (BRAIN) — Kenda Taiwan has hired Friderik Vodan as the new sales manager for Kenda Europe.  Vodan, 46, joins Kenda after several years serving as the international sales and global marketing director of Formula Brakes.  Vodan also previously worked for Specialized in Europe.

BEVERLY, MA (BRAIN) — Craft Sportswear North America has hired Katie Gould Swenson as its sales and marketing manager for Craft baselayers and Nordic skiing. 

SUWANEE, GA (BRAIN) — Cheng Shin Rubber has launched a new global website to support its CST brand of tires in all its market categories, including ATV, moto, lawn and garden and bicycle. 

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