Industry News

DANA POINT, Calif. (BRAIN) — The closing session at this year’s Bicycle Leadership Conference was not the flashiest or the best attended. But it probably was the most sobering 60 minutes of the two-day conference.

Tagged Electric bike / Bicycle Leadership Conference

MILAN (BRAIN) — Asobi Ventures, an Austin, Texas, group that acquired a majority share in Gruppo Srl in 2021, has acquired the remaining shares. Gruppo Srl is the parent of Cinelli and Columbus.

Tagged Mergers, Acquisitions & Investments
Claude Jordan retiring as CEO of the parent company of Huffy, Niner, Batch, VAAST and Royce Union.

DAYTON, Ohio (BRAIN) — Bruno Maier has been appointed president and COO of United Wheels Inc., the parent company of Huffy, Niner, Batch, VAAST and Royce Union. Claude Jordan, who has been CEO for four years, is retiring and will remain as a senior advisor during the transition. 

A 1987 magazine ad for Centurion's Ironman Dave Scott tri bike.

IRVINE, Calif. (BRAIN) — The Centurion brand that includes road, mountain, and e-bikes is available for U.S. license, according to its licensor JMM Lee Properties.

Electric cargo bikes present the opportunity to transform last-mile deliveries in cities. Will the United States follow Europe’s lead?

Tagged Electric bike

FELIXSTOWE, England (BRAIN) — Merida Bikes reported the theft of 133 bikes on Thursday from a container at a Southampton port that was on its way to its logistics facility here.

SCHLITTERS, Austria (BRAIN) — E-bike brand Nox Cycles officially opened its new headquarters in the Austrian Alps on Friday, combining production, administration, warehouse, showroom, and an in-house demo center.

The cost of the facility was 3 million euros ($3.1 million).

Tagged Electric bike

MONTEREY, Calif. — Peter Arlein looked out at the swelling Friday crowd at the Sea Otter Classic last month and told a dirty truth.

Tagged From the Magazine

TAIPEI, Taiwan (BRAIN) — Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year.

Tagged Earnings/Financial Reports

MONTEREY, Calif. (BRAIN) — Nukeproof Industries is making plans to come home. The longtime gravity brand known for utilizing titanium and carbon fiber — including those iconic carbon-aluminum hubs — began in Grand Rapids, Michigan, in the 1990s before Irish downhill racer Michael Cowan acquired the brand a decade later.

Tagged From the Magazine

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported its seventh consecutive quarter of record-breaking revenue, with first-quarter revenue increasing 88% year-over-year, led by mountain bike and moto helmet sales.

Tagged Earnings/Financial Reports

(CYCLINGTIPS) — Zwift has announced significant staff layoffs and a "pause" to its much-anticipated hardware development program for developing its own range of smart bike and direct-drive trainer offerings.

MORGAN HILL, Calif. (BRAIN) — Specialized on Tuesday announced a new line of e-bikes under the Globe brand, which Specialized has used in the past for city bikes. The company said Globe will let independent bike shops compete with D2C-only e-bike brands.

Tagged Electric bike
David Bordewisch.

BOULDER, Colo. (BRAIN) — For our May magazine edition, we asked our State of Retail panel members: What are the most — and least — effective things you’ve done to recruit, hire, and retain staff?

Tagged From the Magazine
Photo from Orbea's factory in Mallabia, Spain.

ERMUA, Spain (BRAIN) — Orbea, the Basque co-op bike manufacturer, had its sixth consecutive record sales year in 2021, hitting 282 million euros ($298 million). The co-op added 170 news jobs in the year, bringing its total workforce to nearly 1,000, with 90% of its workers in Europe.

Tagged Earnings/Financial Reports
Bike-related sales notch 8th consecutive record quarter

DULUTH, Ga. (BRAIN) — Fox Factory’s CEO says the mountain bike industry will return to something like normal in the fourth quarter this year and he expects Fox’s bike-product sales to return to a more traditional growth rate following several years of very high growth.

Tagged Earnings/Financial Reports

CHICAGO (BRAIN) — Registration and recovery nonprofit Bike Index surpassed 800,000 registrants and recovered more than 10,500 stolen bikes as of Friday.

Entering its ninth year, Bike Index, with a staff of five and a volunteer ambassador program, has recovered bikes worth an estimated $18.3 million.

FOUNTAIN VALLEY, Calif. (BRAIN) — Shimano Inc. has sold off its apparel brand, Pearl Izumi, to United Sports Brands, the parent of Nathan, Cutters, and Shock Doctor, among other brands. 

Pearl Izumi will join Nathan, which offers running accessories and apparel, in USB's new outdoor division.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. first-quarter revenue was up 6% year-over-year with the company's profitability being credited to adopting a more direct-to-consumer subscription-oriented business model.

Tagged Earnings/Financial Reports

BALTIMORE (BRAIN) — The Cyclery Bike Shop and Athlos Performance Apparel collaborated on a jersey design to help the families of two California cyclists killed by an impaired driver last month in Utah.

Brothers Matthew and Adam Bullard were killed on April 9 in Washington City while completing an event.

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