Industry News

IRVINE, Calif. (BRAIN) — If you are seeing some fresh faces in the stores and on the trails these days, there's a good reason: Fully half of today's cyclists either entered the sport in the last two years or returned to it after a lay off. 

VOJENS, Denmark (BRAIN) — Hartje Ebsen will distribute SRAM products in Denmark — including RockShox, Truvative, Quarq, and Time — at the beginning of the year.

Tagged Distributor news

STOCKHOLM (BRAIN) — Helmet technology company MIPS continues to refine concept testing with the introduction of its Virtual Test Lab, helping brands develop new designs without physical prototype production.

BURLINGTON, Vt. (BRAIN) — The Flagg Bicycle Group announced Wednesday that it acquired women's cycling company Terry Bicycles, which will be renamed Terry Precision Cycling.

The sale was completed Tuesday.

Tagged Mergers, Acquisitions & Investments

EL PASO (BRAIN) — Helen of Troy Limited, a publicly traded company that owns several consumer product brands, has agreed to acquire Osprey Packs for about $414 million. Osprey, founded in 1974, makes hiking and backpacking packs as well as hydration packs for cycling.

Tagged Mergers, Acquisitions & Investments

NEW YORK (BRAIN) — Juliet Scott-Croxford recently was hired by London-based Brompton folding bikes to be president of North America amid the company's 50% U.S. growth in unit sales in the past year during the bike boom and 76% over 2019. Scott-Croxford, formerly the CEO of Worth magazine, took time in October to answer questions from BRAIN about her plans for Brompton's expanding U.S. market.

Tagged Electric bike / From the Magazine

BAYFIELD, Colo. (BRAIN) — Tailwind Nutrition unveiled a re-branding this fall as the nine-year-old company see continued growth beyond the ultra-endurance athletes that helped it get its start.

Tagged From the Magazine
The Sea Otter e-bikes for veterans program provides transportation and self-sufficiency for those in need.
The Sea Otter Classic Foundation is growing its e-bikes for veterans program.

MONTEREY, Calif. (BRAIN) — E-bikes and the Sea Otter Classic have had a long relationship dating back to the first e-MTB race held here in 2016. Five years later, while e-bike racing continues to grow, the event is also featuring e-bikes for a greater good.

Tagged Electric bike / From the Magazine

We spoke to shop owners, front-line staff and industry experts to get a clearer picture of the rewards and opportunities available in the industry. First, we'll compare compensation and benefit numbers with other industries. Then let's look at three good things and one bad thing about working in bike retail.

Tagged From the Magazine

WELS, Austria (BRAIN) — Rossignol Groupe has sold Felt Bicycles to the Pierer Mobility, best known as the parent company of the KTM motorcycle brand, Pierer announced Tuesday.

Tagged Electric bike / Mergers, Acquisitions & Investments

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 13.9% in the third quarter year-over-year and raised its full-year guidance.

Tagged Earnings/Financial Reports
Mottram hands over the reins 17 years after establishing the influential clothing brand.

(CYCLINGTIPS) — Simon Mottram, the founder and longtime figurehead of British cycling clothing brand Rapha, is stepping down as CEO at the end of this year. Mottram had been in the role for 17 years, ever since he founded the company in London in 2004.

TUCSON, Arizona (BRAIN) — As PeopleForBikes' Electric Bicycle Summit—a one-day affair—got underway late last week, a key takeaway was this: The industry is struggling to understand the impact of a fast-growing e-bike boom.

Tagged Electric bike / Tradeshows and conferences

SANTA FE, N.M. (BRAIN) — With events and festivals slowly returning to normal following the height of the COVID-19 pandemic last year, so too is the annual bicycle-inspired food drive known as Cranksgiving.

Billy Michels Photography

PARK CITY, Utah (BRAIN) — The Big Gear Show, which held its inaugural trade event at Park City’s Deer Valley Resort in August, will hold its second show there Aug. 2-3, 2022, organizers say.

Next year the show will feature a two-day format, which organizers said 2021 attendees requested.

Tagged Tradeshows and conferences / The Big Gear Show

WASHINGTON (BRAIN) — The House of Representatives on Friday morning approved the Build Back Better Act that provides billions of dollars in funding for an e-bike tax credit, bike commuter benefit, and climate and equity-enhancing infrastructure as part of the $1.75 trillion social spending bill.

Tagged Electric bike

SVETA NEDELJA, Croatia (BRAIN) — Porsche will acquire a majority interest in the Greyp e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, has held about a 10% stake in Greyp since 2018.

Tagged Electric bike / Mergers, Acquisitions & Investments

DENVER (PINKBIKE) — Guerilla Gravity is asking riders in the Denver area to keep an eye out for suspicious bikes after its headquarters was targeted by a break-in.

(VELONEWS) — John Karras, a former newspaper man who co-founded RAGBRAI, died Wednesday in Iowa. He was 91.

TAICHUNG, Taiwan (BRAIN) — Giant Group sales for the first three fiscal quarters of 2021 totaled NT$61.94 billion ($2.23 billion), an 18% increase over the period last year. Net income over the period grew 32/3% to NT$4.83 billion. Giant has set records for sales and profits in each quarter this year. 

Tagged Earnings/Financial Reports

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