Industry News

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.

Tagged Lawsuits/legal

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.

Tagged Mergers, Acquisitions & Investments

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.

Tagged Events / Consumer Expos and Rides / Tradeshows and conferences

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.

Tagged Sea Otter Classic

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.

BROOKLYN, N.Y. (BRAIN) — Vela Bikes, an e-bike brand launched in Brazil 12 years ago, plans to move all its operations and manufacturing to the U.S. by early next year. The company is moving its headquarters to Detroit and will partner with Detroit Bikes to manufacture its bikes in the city.

Tagged Electric bike

GUNNISON, Colo. (BRAIN) — The International Mountain Bicycling Association has produced a one-page buyer's guide to help mountain bikers understand e-bike technology, regulations, and other issues before they buy an e-bike. 

Tagged Electric bike / Advocacy/Non-profits

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 7.7% in the third quarter and raised full-year guidance.

Net sales for the quarter ending Oct. 29 were $3 billion, up from $2.7 billion from the same time last year. Comparable store sales increased 6.5%.

Tagged Earnings/Financial Reports

SUN VALLEY, Idaho (BRAIN) — Now in its fifth year to support women's brands, Women-Led Wednesday 2022 carries more significance than ever in light of the abortion rights debate this year, said the CEO of Women-Led Wednesday and Wild Rye mountain apparel company, Cassie Abel.

(BRAIN) — FSA and Vision is reporting an increase in websites and e-commerce sites that refer to both brands without authorization.

Both are reminding the industry the only official company websites are:

Left to right: Nyle Nims, Pat Cunnane and Dennis Schöemburg.

AMES, Iowa (BRAIN) – Messingschlager USA has named industry veteran Pat Cunnane as its CEO. Cunnane most recently was president and chief operating officer of Yuba Bicycles.

Founder Mike Radenbaugh will become chairman of the board.

SEATTLE (BRAIN) — Mike Radenbaugh, who built his first e-bike in his garage 15 years ago, will step down as Rad Power Bikes CEO and transition to chairman of the board to focus on e-bike advocacy and innovation.

Tagged Electric bike

LONDON (VELONEWS) — Rapha's CEO William Kim will step down, with Francois Convercey and Daniel Blumire taking over as joint managing directors, the company announced.

(CYCLINGTIPS) — The scammers are at it again. Sramcycling-dot-com is the latest in a string of websites offering cycling components at prices just too good to be true.

ASHEVILLE, N.C. (BRAIN) — Kitsbow Cycling Apparel has emphasized community since relocating three years ago from California to the tiny textile town east of here in Old Fort. From helping with a mural project celebrating efforts to desegregate schools in the South to creating living wage jobs, Kitsbow quickly became a neighborhood business leader.

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