Industry News

Eurobike is scheduled Nov. 24-26.

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike announced Wednesday that trade show visitors per day will be limited to 10,000 and spread across five exhibition halls and two additional halls.

Tagged Eurobike
Dick's announced a commitment to eliminate retail plastic bags.

PITTSBURGH (BRAIN) — Dick's Sporting Goods announced Tuesday its commitment to eliminate single-use retail plastic bags from its stores by 2025.

The Virtual Bicycle Leadership Conference begins Tuesday.

BOULDER, Colo. (BRAIN) — PeopleForBikes' Virtual Bicycle Leadership Conference begins Tuesday and features webinars and presentations each morning.

Tagged Bicycle Leadership Conference
Board member John Levisay will take the reins of the used bike and component e-commerce giant while Martin remains active in business operations.
The Pro's Closet CEO Nick Martin.

BOULDER, Colo. (BRAIN) — Nick Martin, who started The Pro's Closet out of a VW bus and grew it into a used bike and component e-commerce giant, will move on from his role as CEO next month.

This is the latest incident involving an officer using a bike as a weapon that has drawn criticism by some in the industry.

SEATTLE (BRAIN) — The King County Sheriff's Office is investigating a video circulating on social media in which a Seattle Police Officer rolls his bike over the head of a protester lying in the street.

SAN DIEGO (BRAIN) — Organizers of California’s Belgian Waffle Ride gravel race have canceled the 2020 edition of the San Diego County-based event due to the COVID-19 pandemic.

The Echelon Connect is sold by Walmart.

NEW YORK (BRAIN) — This week has been action packed in the indoor cycling world, after Echelon stirred things up by announcing a "Peloton Killer" smart bike, called the Prime Bike, that it said it had developed with Amazon and would retail for $500 on that site. That would undercut Peloton's hot-selling bikes that start at more than twice that price.

SAN FRANCISCO (BRAIN) — Strava has announced that its Strava Metro data, which compiles anonymous ride data from Strava users for transportation planners, is now free of charge for urban planners, city governments and safe infrastructure advocates. 

Compass, the former owner of Fox Factory and CamelBak, is paying $454 million for BOA.
Compass Diversified will acquire the BOA Fit System.

DENVER (BRAIN) — Compass Diversified announced Tuesday that it will acquire BOA Technology Inc., creators of the BOA Fit System for shoes and other products. 

Tagged Mergers & Acquisitions
The LeMond Dutch e-bike.

KNOXVILLE, Tenn. (BRAIN) — After a long dormancy, LeMond Bicycles is back, releasing two new bikes Tuesday.

Robert W. Gore was 83.

NEWARK, Del. (BRAIN) — Robert W. Gore, whose work with developing performance fabric advancements led to the creation of GORE-TEX Outerwear, died Sept. 17 at home after a long illness.

He was 83.

Cycling apparel company opens visitor center to showcase Old Fort's outdoor potential

OLD FORT, N.C. (BRAIN) — If the town needed another sign that the Old Fort Ride House was quickly taking shape, it got one — literally — in late July when a wooden Pisgah National Forest sign arrived on loan from the Forest Service during an employee training day.

GIRONA, Spain (BRAIN) —The Sea Otter Europe cycling festival has been canceled, but organizers said that some of the event's races will be held under stringent COVID-19 measures. The event was to have been held Sept. 25-27.

Tagged Sea Otter Classic
Jeff McGuane

IRVINE, Calif. (BRAIN) — Jeff McGuane’s credentials fit Fox Racing like a pair of its gloves. From president of Cycling Sports Group to U.S. general manager at Specialized Bicycles, McGuane’s 26-year industry career seems perfectly tailored for someone wanting to restyle the iconic apparel brand upon his arrival as CEO last year.

LONG BEACH, Calif. (BRAIN) — Zwift has raised a $450 million minority investment from a group led by the investment firm KKR, bringing the virtual cycling brand to a valuation of over $1 billion.

Company seeks to recapitalize as investor TSG Partners to exit.
Roman Arnold (left) with Armin Landgraf.

KOBLENZ, Germany (BRAIN) — Canyon Bicycles announced news on several fronts Tuesday.

MONTEREY, Calif. (BRAIN) — Sea Otter Play, a virtual event for consumers, opens Thursday with more than 100 participating companies representing 250 brands.

Tagged Sea Otter Classic

TAIPEI, Taiwan (BRAIN) — Organizers of next March's Taipei Cycle show have added a virtual element to the event.

Tagged Taipei Cycle Show
MEC, which has about 5 million co-op members, will become a privately-owned company.
A MEC location in Toronto earlier this year.

VANCOUVER, British Columbia (BRAIN) — Mountain Equipment Co-op, Canada's outdoor gear co-op, has agreed to be acquired by Kingswood Capital Management, LP, a Los Angeles-based investment group.

SEATTLE (BRAIN) — REI Co-op completed the sale of its new corporate office complex to Facebook for $390 million on Monday.

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