Industry News
KORTRIJK, Belgium (BRAIN) — Pablo Carrasco and Ignacio Estelles, the co-founders of the Rotor Bike Components, launched a new component brand called QO at the Velofollies bike show in Belgium last week.
CHICAGO (BRAIN) — Radio Flyer is expanding its independent bike dealer network by hiring Justin Gottlieb as e-bike sales director and adding several sales agencies.
MURRIETA, Calif. (BRAIN) — Pierer New Mobility GmbH — the e-bike business unit of Pierer Mobility AG — says it will consolidate its functions to headquarters in Munderfing, Austria, and Murrieta, California, and phase out its operations in South Africa, Germany, and the United Kingdom.
SEATTLE (BRAIN) — REI Co-op CEO and President Eric Artz announced Wednesday morning that he will retire at the end of March and will be succeeded by former co-op board director Mary Beth Laughton.
FOUNTAIN VALLEY, Calif. (BRAIN) — One of the first moves by Pedego’s new CEO, Larry Pizzi, will be to set up a program allowing Pedego dealers to access other brands of e-bikes for the first time.
PRAGUE (BRAIN) — Indoor cycling app Rouvy has acquired its fellow app brand FulGaz from the IRONMAN Group. Rouvy has added the 20 most popular FulGaz courses, including courses from real-world Ironman and Ironman 70.3 events.
FulGaz users can continue to use the platform as usual for now.
(BRAIN) — Tern has opened its first European distribution office in Cologne, Germany. Tern Zentrale will stock the urban mobility company's full range of bikes, accessories, and parts.
TAIPEI, Taiwan (BRAIN) — Giant Group's 2024 operating revenues were down 7.4% from the year prior, but are still above pre-pandemic levels.
LAGUNA BEACH, Calif. (BRAIN) — Dominic Phipps is the first to concede that his new book — a 7-pound, 560-page, $70 oral history of the freestyle BMX movement — is more of a passion project than a business plan.
(BRAIN) — A list of crowd-funding campaigns to support members of the bike industry recovering from the January wildfires in the Los Angeles area. If you learn of more campaigns, please let us know at info@bicycleretailer.com.
(BRAIN) — It's difficult to assess the damage to bike industry from the Los Angeles-area wildfires that broke out this week, but the damage is sure to be significant.
EL PASO, Texas (BRAIN) — Helen of Troy's third-quarter net sales declined 3.4% year-over-year despite sales growth in its Home & Outdoor group, which includes Osprey and Hydro Flask.
WESTPORT, Conn. (BRAIN) — Fifteen years after acquiring the juvenile products brand Ergobaby, Compass Diversified Holdings has sold the brand to Highlander Partners, a Dallas-based private investment firm.
BOULDER, Colo. (VELO) — Police in Colorado say the use of Apple AirTags by some bike owners led to the recovery of stolen bikes and the arrest of suspects.
WATERLOO, Wis. (BRAIN) — Trek Bicycle says sourcing aluminum from manufacturers who use less fossil fuel has lowered the carbon impact of its alloy bikes.
TWICKENHAM, United Kingdom (BRAIN) — Folding bike brand Brompton Bicycle Limited recorded a 5.3% decline in revenues in the 12-month period that ended March 31, 2024, according to filings made in the U.K. recently.
MIAMI (BRAIN) — Randy Ross, the former CEO of Ross Bicycles and a member of one of the first families of the U.S. bicycle industry, died suddenly on Christmas day while celebrating the holiday with family. He was 67.
PROVIDENCE, R.I. (BRAIN) — Revelyst, the former Vista Outdoor business unit that includes its bicycle-related brands, has been sold to Strategic Value Partners, LLC and its affiliates in an all-cash transaction based on an enterprise value of $1.125 billion.
HEERENVEEN, Netherlands (BRAIN) — Following a recapitalization agreement in October and a 390 million euro loss in 2023, Accell Group's CEO said the company's recovery is on the way.
FAIRFAX, Calif. (BRAIN) — A woman has filed a class-action lawsuit against manufacturer Super73 for selling e-bikes that can exceed the maximum speed allowance for a micromobility device.
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