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OSAKA, Japan (BRAIN) — Shimano says it is investigating after a news report that a supplier to its factory in Malaysia has operated under conditions that are “akin to modern slavery.”
WELS, Austria (BRAIN) — Pierer Mobility AG said it has agreements to sell Felt Bicycle, which it acquired in 2021, to a consortium led by a current manager.
DENVER (BRAIN) — Revved, the parent company of closed mountain bike brand Guerrilla Gravity, is auctioning its manufacturing equipment this month following the appointment of a state court receiver.
KOBLENZ, Germany (BRAIN) — Privately held Canyon Bicycles announced Monday that its year-on-year sales increased 23% in the first nine months of 2023. However, the company recorded a loss of 1.3 million euros in the period due to discounting and a shortage of some models that were in high demand.
SEATTLE (BRAIN) — REI Co-op will close its Santa Monica, California, store in February because of the operation's rising costs.
The downtown location is 32,000 square feet and closes officially on Feb. 29.
WALDSASSEN, Germany (BRAIN) — Accell Group no longer will manufacture Ghost Bikes in Germany, with the brand's production being integrated into Accell's European manufacturing network.
ANOKA, Minn. (BRAIN) — Vista Outdoor, which has agreed to sell its Sporting Products business to Czechoslovak Group a.s.
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association has elected Clark Butcher, from Victory Bicycle Studio in Memphis, and Greg McDonald, from Ridleys in Calgary, to its Board of Directors.
ALBANY, N.Y. (BRAIN) — State Sen. Iwen Chu recently introduced four bills to address the growing threat of lithium-ion battery fires that have plagued New York City, including one that would require all e-bike and e-scooter shops in the state to have fire suppression measures in place.
(BRAIN) — Park Tool has opened the application window for its 2024 Community Tool Grant program; applications will be accepted until Dec. 31.
Now in its ninth year, the program has so far donated over $120,000 worth of tools to deserving organizations throughout the world.
MINNEAPOLIS (BRAIN) — United Sports Brands, which acquired Pearl Izumi from Shimano in May last year, has been acquired by Norwest Equity Partners. NEP is a previous owner of Shock Doctor, the athletic brand that evolved into USB.
Podcst host Diane Jenks is featuring retailers who have a holiday "kindness" story to tell.
(BRAIN) — John Robinson, the owner of Johnny Velo Bikes in Columbus, Ohio, is featured in the newest episode of the Outspoken Cyclist podcast.
Podcast host Diane Jenks said she is featuring retailers who are making a difference in their local communities during the holiday season.
Managing partner of group that acquired 3T last year will step in as CEO.
BERGAMO, Italy (BRAIN) — René Wiertz, who has been with 3T for 16 years and helped transition it from parts supplier to a gravel bike brand with production in Italy, is stepping down.
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(BRAIN) — DT Swiss has released two lines of e-MTB hubs, complementing its Hybrid wheelsets for e-MTBS and e-utility bikes, which were released several years ago.
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