Industry News

STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.

Tagged Coronavirus / Sea Otter Classic

NEW YORK (BRAIN) — Tour Central Park, which operates a bike rental operation in the city, is suing the landlord at its former Lower Manhattan location, charging that it engaged in "extortionate and predatory leasing practices," among other things.

UPDATED with the full video of Buttigieg's remarks and interview at the National Bike Summit.
The new DOT secretary tells the LAB there will be "a lot of energy coming from my office and my team to help move things along." But he didn't specifically list any initiatives.
Getty image.

German bike brand Canyon has asked owners of its new Aeroad CF SLX and CF aero road bikes to stop riding them following Tuesday's incident at the Le Samyn race, when a portion of Mathieu van der Poel's handlebar broke and fell off during the race.

Tagged Racing & Sponsorship

PASADENA, Calif. (BRAIN) — A federal judge dismissed a case last week against the Los Angeles Department of Transportation about its collection of real-time data on micromobility users.

Tagged Electric bike

LONDON (BRAIN) — The UK investment firm Cairngorm Capital Partners LLP has made a strategic partnership and investment in Whyte Bikes Limited, a British brand founded in 1999.

Pete Buttigieg. Photo courtesy U.S. DOT.

WASHINGTON (BRAIN) — Transportation Secretary Pete Buttigieg will address the League of American Bicyclists' annual National Bike Summit on Wednesday. The four-day summit is being held virtually this year.

SAN FRANCISCO (BRAIN) — Ride-share company Lime announced a $50 million investment in e-bikes that includes upgraded hardware and plans to expand service to 25 more cities this year.

Tagged Electric bike

WASHINGTON (BRAIN) — A U.S. Patent and Trademark Office board has sided with Fox Factory and invalidated parts of a key SRAM patent on its X-Sync wide-narrow chainrings.

BRASELTON, Ga. (BRAIN) — Fox Factory’s bicycle-related business was up 22.4% last year, totaling $367 million.

And Fox's CEO said he's optimistic that demand for bikes — especially those with Fox suspension — will remain strong for the rest of 2021 and beyond. 

Tagged Earnings/Financial Reports

SEATTLE (BRAIN) — Despite not making a profit in 2020 because of the COVID-19 pandemic, REI Co-op will issue members member credits equivalent to what they would have earned. The credits are commonly referred to as member dividends.

WASHINGTON (BRAIN) — An upcoming event on International Women's Day explores why a disproportionate number of men use micromobility compared to women and what can be done to increase ridership.

Tagged DEI and Sustainability

SCOTTS VALLEY, Calif. (BRAIN) — Accessory manufacturer Blackburn Design announced a partnership with Walmart on Thursday to offer products from 10 categories, including pumps, lights, locks, and tools.

BOA's full-year net revenue, including pre-acquisition revenue, was $106 million.

Tagged Earnings/Financial Reports

HOYA, Germany (BRAIN) — Hermann Hartje KG will distribute Mavic products in Denmark, Netherlands, Belgium, and Luxembourg beginning March 1.

Mavic previously was distributed in Denmark through Bike Toyz of Skodstrup, Denmark.

In the Seattle area, Black people, who make up 8% of the population, received 17% of the tickets.

SEATTLE (BRAIN) — With a new study showing Seattle police have ticketed Black riders not wearing helmets nearly four times the rate as white riders since 2003, multiple advocacy groups are working to decriminalize helmet use in the city and in King County.

Tagged DEI and Sustainability

DENVER (BRAIN) — Emerald Expositions announced Tuesday that its Outdoor Retailer Summer 2021 show, originally scheduled for June, has been moved to Aug. 10-12. The event is held at the Colorado Convention Center in Denver. 

Tagged Events / Tradeshows and conferences

WASHINGTON (BRAIN) — The Small Business Administration will provide businesses and nonprofits with fewer than 20 employees an exclusive 14-day Paycheck Protection Program loan application period.

Tagged Coronavirus
The announcement comes after Cardinal Cycling Group acquired Time's bike and frame business. The two businesses will operate separately.
Time introduced the Cyclo gravel pedal in 2019.

CHICAGO (BRAIN) — SRAM has completed the purchase of the Time Sport pedal business from Rossignol Group.

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media, the parent company to BRAIN, VeloNews, and nearly 30 other active living brands has purchased Outside magazine, Outside TV, Gaia GPS, Peloton magazine, and athleteReg.

Tagged Mergers & Acquisitions / Media/Publishing / BRAIN News

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