Industry News
BURNABY, British Columbia (BRAIN) — Knolly Bikes is considering all restructuring options after its bank demanded loan repayment. Founder and CEO Noel Buckley said in a statement released Thursday that because of Royal Bank of Canada's actions, "We are now in a position where we must evaluate all restructuring options to determine the best path forward. That process is underway. I expect to have more clarity within the coming weeks and will share it as soon as I have it."
WILMINGTON, Del. (BRAIN) — The Lycra Company, one of the leading producers of spandex used in cycling apparel, filed for Chapter 11 protection Tuesday in the U.S. Bankruptcy Court for the Southern District of Texas.
SOUTH KINGSTOWN, R.I. (BRAIN) — A lawsuit filed against Shimano North America and Trek Bicycle by a man who claimed his bike's V-brake lever impaled his thigh during a fall was dismissed Monday.
KOBLENZ, Germany (BRAIN) — Canyon Bicycle's 2025 sales decreased 7% year-over-year amid what it called a challenging market hurt by the oversupply and discounting of electric and non-electric mountain and urban bikes.
FORT LAUDERDALE, Fla. (BRAIN) — Life Electric Vehicles CEO Rob Provost has high expectations for Rad Power Bikes after officially acquiring the beleaguered brand for $13.3 million March 5. And he's looking farther ahead.
BOULDER, Colo. (BRAIN) — One of the industry's most brilliant and beloved characters, Gregg Bagni, has died following a snowboarding accident in the Selkirk Mountains of British Columbia, friends have confirmed to BRAIN.
TAIPEI, Taiwan (BRAIN) — Three Taiwanese publicly traded bike manufacturers released their full 2025 earnings reports this week, with all three reporting revenue declines in 2025, but two of them showing earnings improvements.
WASHINGTON (BRAIN) — Two industry research groups have shared estimates of the number of e-bikes the U.S.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are your shop's primary strategies for acquiring and retaining customers?
TAICHUNG, Taiwan (BRAIN) — Giant Group CEO Phoebe Liu and the company's Chief Legal Officer, Daniel Chen, met with U.S. Customs and Border Protection officials on March 5 to discuss the Withhold Release Order that has banned U.S. imports from Giant's Taiwan factories since September.
SEATTLE (BRAIN) — Life Electric Vehicles completed the court-approved acquisition of Rad Power Bikes, the Florida-based e-mobility company said Thursday.
OMARURU, Namibia (BRAIN) — Onguza, a handbuilt steel bicycle company, has introduced the Bliksem, a gravel-plus addition to their range of frames made in Africa.
SAN MATEO, Calif. (BRAIN) — GoPro revenue increased slightly in the fourth quarter year-over-year but declined 19% for the year as the camera brand announced its AI-enabled processor will be spec'd in some cameras in the second quarter.
KETCHUM, Idaho (BRAIN) — Ten years ago, about the time Scott Montgomery was co-founding the CrankTank industry marketing company, Search Engine Optimization (SEO) was still all the rage. Brands, e-commerce sites and online publishers researched key words and spread them out over their marketing copy in hopes that Google would rank their site high in its results.
BLOOMINGTON, Minn. (BRAIN) — Sidi is working with its exclusive U.S. distributor, QBP, to launch a new consumer website. The site, which is managed by QBP, offers direct sales and points consumers toward nearby stores.
VIENNA (BRAIN) — Privately held kids bike manufacturer woom reported its best financial year ever in 2025, with revenue increasing 27% and has now sold more than two million bikes since beginning in 2013.
SAN MATEO, Calif. (BRAIN) — The U.S. International Trade Commission upheld a judge's initial finding that a Chinese company violated federal law by importing and selling cameras that infringed on GoPro's intellectual property.
DULUTH, Ga. (BRAIN) — Fox Factory is reporting fourth-quarter sales of $118 million in its Specialty Sports Group business unit, which contains its bicycle and baseball/softball brands. The figure is 5% down from the fourth quarter last year.
WASHINGTON (BRAIN) — The latest import figures show the U.S. imported 8.54 million bikes last year, 21% fewer than in 2024 and the lowest number in at least a decade.
SACRAMENTO (BRAIN) — A bill introduced last week in California would better differentiate e-bikes from high-powered e-motos and mopeds in response to safety concerns in the state. Introduced by Sen. Catherine Blakespear, SB 1167 aims to regulate higher-powered devices according to speed, power, and intended use.
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