Industry News

Chris Fortune

Editor's note: Chris Fortune, the founder and CEO of Saris, shared this letter to the industry that he asked to be published on Thanksgiving.

Boyd and Nicole Johnson.

GREENVILLE, S.C. (BRAIN) — Whether it's an improvement on a simple valve stem nut or a commitment to continue producing rim-brake wheelsets, Boyd Cycling is all about innovation without following the latest fad.

Tagged From the Magazine
BRAIN featured Fall/Winter 20/21 collections in our January 2020 issue.

UPDATED to clarify the feature is about Fall/Winter 21/22 collections.

Photo courtesy NICA.

VICTOR, Idaho (BRAIN) — New research suggests youth cycling will continue to be a bright spot post-pandemic.

Tagged From the Magazine
Staff members of the new title on a recent meeting in Utah. Anthony Smith photo.

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media is expanding deeper into bicycle media and adding scale to its Active Pass membership by hiring five Bike magazine editors who were furloughed this fall. The crew will lead the effort to launch a new mountain bike title in 2021.

TAIPEI, Taiwan (BRAIN) — Merida, one of the largest bike makers in Taiwan and a significant investor in Specialized, posted third-quarter revenues of NT$7.3 billion ($256 million), down slightly from the NT$7.8 billion the manufacturer generated in the same quarter last year.

Tagged Earnings/Financial Reports
The bill now goes to the president's desk.

WASHINGTON (BRAIN) — The Senate has passed a bill that would award the Congressional Gold Medal to three-time Tour de France winner Greg LeMond. The bill, which now goes to the president's desk to be signed, would make LeMond the tenth individual athlete to receive the medal.

Rush/CTY Speed.

MILWAUKEE (BRAIN) — Harley-Davidson's e-bike division released pre-order pricing for its four models, three of which will be available in the spring of 2021.

Tagged Electric bike

MONTEREY, Calif. (BRAIN) — The Sea Otter Classic plans to hold its event about a month later than usual next year, announcing 2021 dates of May 20-23.

Tagged Coronavirus / Sea Otter Classic

MONTRÉAL (BRAIN) — Dorel Industries has agreed to a buy-out offer from a group backed by Cerberus Capital led by a family group that includes CEO Martin Schwartz and other current Dorel executives.

Tagged Mergers & Acquisitions
Nothstein celebrates winning gold at the 2000 Games. Credit: Mark Dadswell/ALLSPORT

ALLENTOWN, Pa. (BRAIN) — A federal judge dismissed a suit Olympic medalist Marty Nothstein had filed against USA Cycling. The suit stemmed from sexual misconduct allegations — later found to be false — that emerged after Nothstein announced his candidacy for the U.S. House in 2018.

HAMBURG, Germany (BRAIN) — Trek Bicycle shut down its European Electra headquarters here on Tuesday and consolidated its functions at the Trek office in Switzerland.

CAPE TOWN, South Africa (BRAIN) — Protective equipment manufacturer Leatt Corp. reported its best third quarter in company history with revenue increasing 18% and net income by 22% year-over-year.

Tagged Earnings/Financial Reports

HOVE, England (BRAIN) — The company that offers the Bike Rental Manager software is planning a app that will allow consumers to find and book rental bikes online from across all participating rental operations.

Outerbike returns to Moab next October.

MOAB, Utah (BRAIN) — After having to cancel its 2020 events, organizers of the Outerbike bike demo series have announced a calendar of events for next year, starting in the third quarter. Outerbike also is releasing more details of the online bike-finder feature it originally announced in July.

Tagged Events / Consumer Expos and Rides

HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. said its sales were up 38% between July and October compared to the same period last year. The company has revised up its forecast, now saying its full-year earnings before interest and taxes will exceed last year's EBIT.

Tagged Earnings/Financial Reports
Bike division sales were up 32% in the quarter.

BRASELTON, Ga. (BRAIN) — Fox Factory said it was able to meet heightened consumer demand while also improving gross margin despite "an uncertain and complex manufacturing environment."

Tagged Earnings/Financial Reports

SANTA CRUZ, Calif. (BRAIN) — The U.S. office of Gazelle Bikes will be distributing Urban Arrow Family e-cargo bikes in North America in 2021. 

Tagged Distributor news / Electric bike

TAICHUNG, Taiwan (BRAIN) – Giant Group’s third-quarter revenue jumped 14.6 percent over last year’s to NT$19.47 billion ($681.4 million) thanks to a surge in worldwide demand for bicycles and e-bikes.

Tagged Earnings/Financial Reports
UPDATED: The trustee for the former owner of Performance Bike and ASI is suing 23 companies, seeking to recover $2.6 million.

DURHAM, N.C. (BRAIN) — Nearly two years after Advanced Sports Enterprises and its subsidiaries filed for bankruptcy, the case drags on.

Tagged ASE Bankruptcy

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