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Store closings expected. CEO says ASI brands, including Fuji, SE, Kestrel and Breezer, "will survive."
CHAPEL HILL, N.C. (BRAIN) — Advanced Sport Enterprises, the 2-year-old company that is parent to the Performance Bicycle retail chain, Bike Nashbar and distributor ASI, filed for Chapter 11 bankruptcy protection Friday morning.
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ST. PAUL, Minn. (BRAIN) — For the fourth consecutive year, Park Tool is accepting applications for its Community Grant Tool Program, which is designed to help local nonprofit cycling organizations worldwide get the tools and repair products they need.
BOULDER, Colo. (BRAIN) — The Bicycle Product Suppliers Association and PeopleForBikes are collecting data from the industry as the groups prepare to apply for exemptions from the 25 percent tariffs on Chinese-made e-bikes and e-bike motors imposed in August.
LAKE FOREST, Ill. (BRAIN) — Tenneco Inc., a publicly traded U.S. automotive company with annual sales over $9 billion, has agreed to buy Öhlins, a Swedish suspension company that offers some bicycle products in addition to suspension for the motorsports industry.
OREFIELD, Pa. (BRAIN) — Olympic cycling medalist Marty Nothstein has conceded defeat in a special election being held to fill a vacant U.S. House seat.
LAGUNA BEACH, Calif. (BRAIN) — Crankbrothers has hired Megan Tompkins as its new global marketing director.
MINNEAPOLIS (BRAIN) — Gene Oberpriller has lived or worked, or both, in the historic building in downtown Minneapolis where his shop, One on One Bicycle Studio, is located, since 1989.
AIMERE, Netherlands (BRAIN) — Pon Holdings, the parent company of bike brands including Santa Cruz and Cervélo, is making another bid to acquire a minority stake in Accell Group, the parent company of bike brands including Raleigh, Haibike and Diamondback.
TAIPEI, Taiwan (BRAIN) — Cambodia, already the biggest bicycle supplier to the EU, is making up ground in the U.S. market as well due to the recent tariffs imposed by the Trump administration.
The long-standing BRAIN print column makes its online debut today.
COLORADO SPRINGS, Colo. (BRAIN) — On Monday, Nov. 11, USA Cycling said it will partner with five military support organizations to provide free memberships to veterans, active military and their families in honor of Veterans Day.
RED WING, Minn. (BRAIN) — Industry companies in the Upper Midwest are lending their support to a local community college's new engineering program focused on the design and fabrication of bicycles and their components.
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AMSTERDAM (BRAIN) — Enviolo has redesigned its cargo stepless shifting system for the 2020 model year. The new heavy-duty groupset will be only available in a single piece axle version at a 10x135 dropout variant, which the company said will simplify the mounting process for bicycle manufacturers.
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