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Company confirms it had layoffs in November.

SAN FRANCISCO (BRAIN) — Zwift founder Eric Min announced Friday that he will become co-CEO, sharing duties with former Amazon executive Kurt Beidler. Min, who has been CEO since Zwift's founding in 2014, said Beidler's hire came after "a long search." Min will also remain chairman of Zwift's board of directors. 

WILMINGTON, Del. (BRAIN) — Wahoo Fitness has dropped a patent infringement lawsuit it had filed in October against Australian trainer brand JetBlack, but Wahoo continues to sue Zwift over the same issue.

SAN VENDEMIANO, Italy (BRAIN) — Cytech, which dominates the OE cycling padding market with its Elastic Interface brand, has acquired Pasasport S.r.l., an OE glove maker.

GREENVILLE, S.C. (BRAIN) — E-commerce retailer Glory Cycles is in the process of closing but many customers are still waiting for products or refunds, including a New York retailer who says he never received a fork he ordered to complete a custom bike build.

WASHINGTON (BRAIN) — The Consumer Product Safety Commission is conducting a recall with eWheels, the importer of Gotway and Begode electric unicycles, because the products' lithium-ion batteries can ignite.

SEYMOUR, Conn. (BRAIN) — Thule Group is working with the National Highway Traffic Safety Administation and Canadian authorities to recall three models of bike carriers. 

ASHEVILLE, N.C. (BRAIN) — A judge has rejected Kitzuma Cycling Logistics' motion to dismiss a lawsuit filed by TriBike Transport LLC, which alleges misuse of proprietary and confidential information.

The Big Gear Show and (e)revolution show will be held at Denver's Colorado Convention Center in June.

BOULDER, Colo. (BRAIN) — A look at next year's industry events and a few key consumer events.

ANTWERP, Belgium (BRAIN) — Classified Cycling has raised 22 million euros ($22.9 million) from an investment led by London-based Active Partners. Active Partners is a past investor in Rapha and retailer Evans Cycles.

SALT LAKE CITY (BRAIN) — Nukeproof mountain bikes, components and accessories are available directly in the U.S. market again via a dedicated U.S. website and warehouse and a growing list of brick-and-mortar dealers.

PORTLAND, Ore. (BRAIN) — Chris King Precision Components said there is a fraudulent website advertising "deep discounts" on its products.

The company said the only URL Chris King sells through is chrisking.com and noted users will not be redirected to any other sites to transact purchases.

MONTEREY, Calif. (BRAIN) — Sea Otter Classic exhibitor space is 90% sold out with nearly 1,000 brands set to display at the 33rd annual event.

BOULDER, Colo. (BRAIN) — A defendant in the investigation into a series of shop burglaries accepted a plea agreement, according to the Colorado Attorney General's Office.

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Retailers, what trade events will you attend in early 2023?

New Product

(BRAIN) — The Rivendell "Mike Plumpatire" floor pump, being wholesaled to retailers by The Merry Sales Co., has a 40mm diameter barrel, tailored to quickly inflate road and gravel tires from 28mm-5