Industry News
GREENVILLE, S.C. (BRAIN) — Co-founder Nicole Johnson is now CEO of Boyd Cycling, succeeding Boyd Johnson, who will concentrate on engineering and product development.
CAMARILLO, Calif. (BRAIN) — Industry product developer, executive and consultant Brad Hughes died on New Year’s Eve at 71.
LOUISVILLE, Colo. (BRAIN) — Wheels Manufacturing acquired accessory manufacturer Mirrycle Corporation, which includes the Incredibell brands. Financial details, including the purchase price, were not released.
MILAN (BRAIN) — Dutch conglomerate Accell Group has sold the titanium frame brand Van Nicholas to Italian cargo brand Velo-ce.
TUCSON (BRAIN) — Industry veteran Michael Forte announced his acquisition of The Bike Shop List, a source of bicycle shop locations and brand information across North America.
ST. PAUL, Minn. (BRAIN) — Park Tool's director of education, Calvin Jones, is retiring after 28 years with the company. "Moving on from Park Tool, there are some educational projects that I would like to be part of," Jones said.
WILTON, Conn. (BRAIN) — Cannondale founder Joe Montgomery passed away Friday, his son Scott Montgomery confirmed in a LinkedIn post Sunday. Joe Montgomery was 86.
LOS ANGELES (BRAIN) — An announcement by Pacific Glory Worldwide last week has raised questions about how Fuji, SE and Tuesday bikes will be distributed in the U.S. next year.
(BRAIN) — The assets of Electric Bicycle Co., which filed for Chapter 7 bankruptcy in October, are being sold this winter. They include the brand and other intellectual property, including a website that allows consumers to order custom e-bikes. The sale also includes inventory and manufacturing equipment.
SEATTLE (BRAIN) — Rad Power Bikes has a new CEO as it trims its executive roster during the Chapter 11 bankruptcy proceedings, according to a brand spokesperson.
SEATTLE (BRAIN) — Rad Power Bikes filed for Chapter 11 bankruptcy protection Monday in advance of completing a sale of the company and less than a month after it said it could not afford a recall on some of its older lithium-ion batteries that the Consumer Product Safety Commission deemed unsafe.
VICENZA, Italy (BRAIN) — Former Crankbrothers CEO Gaspare Licata leads a group of private investors that acquired a majority interest in Extreme Racing Shox (EXT), a manufacturer of bike and motorsports suspension systems.
FRANKFURT (BRAIN) — Phillipp Ferger will replace Stefan Reisinger as head of Eurobike on Jan. 1 as the trade show reorganizes its leadership in the wake of two German trade groups withholding support of the event.
WASHINGTON (BRAIN) — U.S bike imports were down 24% in units and 16% in dollar value through September this year, according to new data released this week.
STOCKHOLM (BRAIN) — MIPS has acquired all shares of body and head impact protection brand Koroyd for 40 million euros ($46.9 million). Based in Monaco and founded in 2010, Koroyd will continue to operate separately under its current leadership team, said Max Strandwitz, MIPS president and CEO.
MISSOULA, Mont. (BRAIN) — Adventure Cycling Association (ACA) members have voted overwhelmingly to support a decision by the organization's board to sell its headquarters building here.
BOLOGNA, Italy (BRAIN) — Ducati will offer a new range of road, gravel, and e-MTB models in the spring in collaboration with Italian holding company Gruppo Zecchetto and input from three professional Italian cyclists.
SPARKS, Nev. (BRAIN) — Bicycle Technologies International relocated its warehouse and service operations to a new distribution center with a footprint 50% larger than its previous location about a half mile away.
NEWBURY PARK, Calif. (BRAIN) — Giant Group USA will relocate from here to Boulder, Colorado, with the transition beginning early in the new year and with most employees expected to be settled by late summer and early fall.
TAICHUNG, Taiwan (BRAIN) — Giant Group says it issued refunds on Dec. 1 to all its migrant workers who had paid recruitment fees in the past and it is hoping for a "swift" revocation of the Withhold Release Order that U.S. Customs and Border Protection issued in September.
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