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UPDATED with Rad Power Bikes comment.
SEATTLE (BRAIN) — Rad Power Bikes filed for Chapter 11 bankruptcy protection Monday in advance of completing a sale of the company and less than a month after it said it could not afford a recall on some of its older lithium-ion batteries that the Consumer Product Safety Commission deemed unsafe.
VICENZA, Italy (BRAIN) — Former Crankbrothers CEO Gaspare Licata leads a group of private investors that acquired a majority interest in Extreme Racing Shox (EXT), a manufacturer of bike and motorsports suspension systems.
FRANKFURT (BRAIN) — Phillipp Ferger will replace Stefan Reisinger as head of Eurobike on Jan. 1 as the trade show reorganizes its leadership in the wake of two German trade groups withholding support of the event.
As dealer margins continue to shrink, so do their inventory levels.
WASHINGTON (BRAIN) — U.S bike imports were down 24% in units and 16% in dollar value through September this year, according to new data released this week.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission is warning consumers to stop using Duyue2 adult bike helmets because they violate mandatory standards. This warning applies to about 100 helmets sold online and possibly other third-party sellers.
STOCKHOLM (BRAIN) — MIPS has acquired all shares of body and head impact protection brand Koroyd for 40 million euros ($46.9 million). Based in Monaco and founded in 2010, Koroyd will continue to operate separately under its current leadership team, said Max Strandwitz, MIPS president and CEO.
WASHINGTON (BRAIN) — Trek is recalling about 700 Domane+ and Checkpoint+ e-bike models because the chainring bolts can loosen, posing a fall and crash hazard.
TORONTO (BRAIN) — Longtime retailer and cycling advocate Murad Hassanali, who owned and operated three Giant/Liv stores, died in a hospital Oct. 26. He was 77.
MISSOULA, Mont. (BRAIN) — Adventure Cycling Association (ACA) members have voted overwhelmingly to support a decision by the organization's board to sell its headquarters building here.
The U.S. Bicycle Production and Assembly Act is the Answer.
Congress should pass the U.S. Bicycle Production and Assembly Act to halt a cycle of uncertainty and weakness and forge a strategy to bring bicycle assembly and manufacturing back to the United States.
BOLOGNA, Italy (BRAIN) — Ducati will offer a new range of road, gravel, and e-MTB models in the spring in collaboration with Italian holding company Gruppo Zecchetto and input from three professional Italian cyclists.
SPARKS, Nev. (BRAIN) — Bicycle Technologies International relocated its warehouse and service operations to a new distribution center with a footprint 50% larger than its previous location about a half mile away.
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(BRAIN) — U.K.-based Exposure Lights has added the Sirius 11 model to its road and commuter light product range.
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