Industry News

MONTEREY, Calif. (BRAIN) — The Sea Otter Classic is working with a Toronto-based group to launch Sea Otter Canada, a festival to be held July 4-7, 2019, in Blue Mountain, Ontario. 
 

HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V.  said it is considering selling its North American business, Accell North America, or right-sizing it down to a profitable size.

HELSINKI (BRAIN) — The board of directors for Amer Sports has issued a statement in support of a bid by an investor group to buy the company's outstanding shares. Amer is the parent company of Mavic and Enve as well as an array of other sports brands.

The investor group is led by China's Anta Sports. 

BOCA RATON, Fla. (BRAIN) — Split Peak LLC, a private investment firm, has acquired Clean Designs, LLC, the parent company of Clean Bottle.

Clean Bottle was launched in 2010 with a guerrilla marketing campaign at that summer's Tour de France and later appeared on the ABC series "Shark Tank." 

Tagged Mergers & Acquisitions

SAN MATEO, Calif. (BRAIN) — GoPro Inc. plans to move most of its U.S.-bound camera production out of China by next summer to mitigate the potential impact of new tariff lists. Production of cameras bound for non-U.S. markets will remain in China.

Tagged Trade/tariffs

COLUMBUS, Ohio (BRAIN) — Gov. John Kasich has signed a bill making Ohio the 11th state with an e-bike law supported by the industry. 

Tagged Electric bike

LONDON (BRAIN) —The parent company of Rapha has filed an audited financial statement showing an operating loss of nearly 20 million pounds ($25 million) last year. The loss was due to exceptional administrative expenses incurred following the brand's acquisition in 2017; the company's gross profit was nearly 18 million pounds.

DURHAM, N.C. (BRAIN) — A bankruptcy judge has ruled that Advanced Sports Enterprises can hold store closing sales at 102 Performance Bicycle locations. The court also pushed back the auction of ASE's assets to mid-January. The auction had originally been scheduled for Dec. 18.

HELSINKI (BRAIN) — Private equity investor consortium Mascot Bidco Oy has made a cash offer to purchase all issued and outstanding shares of Amer Sports Corp., currently valued at 4.6 billion euros (about $5.2 billion). This excludes shares held by Amer Sports or its subsidiaries.

MARIN, Calif. (BRAIN) — The Marin Municipal Water District will hold a public workshop next week regarding e-bike use in the watershed the agency manages on Mt. Tamalpais, widely regarded as the birthplace of mountain biking, and a local retailer is urging e-bike riders and supporters to participate in and speak at the forum.

Tagged Electric bike

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions has canceled the 2019 edition of the Interbike trade show, saying the event might return in a more modest format in 2020.

Tagged Interbike

THOUSAND OAKS, Calif. (BRAIN) — Three bike industry veterans have launched a new consulting business for the emerging mobility industry.

Mike Fritz, Jay Townley and Brad Hughes have formed Human Powered Solutions LLC. 

Lennard Zinn and Taylor and Davis Phinney featured in new round of videos
Taylor and Davis Phinney aboard e-bikes.

BOULDER, Colo. (BRAIN) — The BPSA has completed shooting a second round of videos designed to inform and inspire bike shop employees to sell e-bikes. Leveraging the organization's location here, the new videos feature bike celebrities Taylor and Davis Phinney and Lennard Zinn.

Tagged Electric bike
 Simmons in his store's repair corner. Photo: Jo Beckendorff

BERLIN (BRAIN) — When Shaun Paul Simmons first came to Germany, in 1997, it wasn't because of bicycles. "I came to Berlin for a girl and will now go back home for a girl," the American said with a laugh.

HAAR, Germany (BRAIN) — The last of BionX Canada's operating subsidiaries, BionX GmbH, has announced it will close its offices near Munich on Dec. 10 after more than 10 years in business there and an unsuccessful effort to find a buyer.

HOOD RIVER, Ore. (BRAIN) — Dakine, an outdoor sports lifestyle brand that offers bike clothes and bags, has been acquired by Marquee Brands LLC, a brand management company that owns the Bruno Magli and Body Glove brands, among others.

Tagged Mergers & Acquisitions
Show also announces that Outdoor Retailer Magazine will produce its Show Daily.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Outdoor Retailer said that all three of its shows in 2019 will be three days long. OR's Summer Market in June and Winter Market in November will be shortened from the original four-day plans. January's Snow Show remains three days as scheduled.

Tagged Tradeshows and conferences

DURHAM, N.C. (BRAIN) — Taiwan-based manufacturer Ideal Bicycle Corp. has told the bankruptcy court here that it opposes Advanced Sports Enterprises' request to be released from its manufacturing and licensing agreements with Ideal.

HELSINKI (BRAIN) — Bloomberg is reporting that Chip Wilson, the founder of yoga apparel brand Lululemon Athletica Inc., is set to join the investor group that is trying to buys Amer Sports, which owns Mavic, Enve and other brands. 

RICHMOND, Calif. (BRAIN) — Cycle Monkey on Monday announced a new partnership with Nicolai Bicycles to bring the German mountain bike brand’s line of handmade custom and standard-size aluminum framesets to the U.S. market — selling consumer direct and also offering sales to interested dealers.

Tagged Distributor news

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