Industry News
TRENTON, N.J. (BRAIN) — New Jersey's governor signed a bill into law on Monday that will require license, registration, and insurance for all e-bike riders. State lawmakers say it addresses a rising number of crashes, including two killed in separate incidents.
COLORADO SPRINGS, Colo. (BRAIN) — John Barnett, the founder of one of the industry’s best-known schools for bike mechanics, died Dec. 17 at home. He was 74.
LA CROSSE, Wis. (BRAIN) — A nonprofit manufacturer with a commercial outdoor and consumer products subsidiary purchased U.S.-made custom sports apparel company Borah Teamwear for an undisclosed price.
LOS GATOS, Calif. (BRAIN) — Influential industry pioneer Jim Blackburn passed away peacefully in his home last week surrounded by family. He was 86.
OSLO, Finland (BRAIN) — Norwegian tire startup reTyre has closed on a 7 million euro ($8.1 million) funding round that includes cycling startup investor Fundracer.
(BRAIN) — U.K.-based apparel brand Endura is laying off multiple employees as it moves its operations from Scotland to London, a move that follows a financial report showing losses for a second consecutive year.
SEATTLE (BRAIN) — Rad Power Bikes is closing two of its RadRetail company stores today — in St. Petersburg, Florida, and Vancouver, British Columbia — as its bankruptcy proceedings continue.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent Helen of Troy reported third-quarter consolidated net sales declined 3.4% year-over-year with Home & Outdoor segment sales slipping 6.7%.
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.
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