Industry News

CRESTED BUTTE, CO (BRAIN) — The Mountain Bike Hall of Fame has announced its 2013 inductees and has announced a planned move from Crested Butte to Marin County, California.

Tagged Awards / Interbike

RAPID CITY, SD (BRAIN) — Strider Sports will promote its no-pedal balance bikes at the USA Pro Cycling Challenge stage race in Colorado later this month, with Strider Adventure Zones at each stage and a Strider race at the final stage finish in Denver. The race is Aug.

Tagged Racing & Sponsorship

WATERLOO, WI (BRAIN) — Trek Bicycle and World Bicycle Relief raised $90,000 through its July "Trek Match" program. Trek will match the donation to WBR, which will be used to provide about 1,500 bikes to students, healthcare workers and entrepreneurs in Africa.

Tagged Advocacy/Non-profits

WESTPORT, CT (BRAIN) — Compass Diversified Holdings, the parent company of Fox and CamelBak, reported that Fox sales over the first half of the year reached $125.2 million, an increase of 18 percent from a year earlier, whereas CamelBak sales dropped 9 percent to $77.3 million. 

Tagged Earnings/Financial Reports

TAMPA, FL (BRAIN) — American Classic has named Cody Gilbertson to head its U.S. inside sales office.

CHICAGO, IL (BRAIN) — SRAM has added two new members to its North American OEM sales team.  Bicycle industry veteran Rick Wilks joins SRAM as a senior OEM account manager and Alex Berge joins SRAM as an OEM account manager.

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

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