Industry News

BOULDER, Colo. (BRAIN) — Wholesale bike sales were down in dollars and in units in the first two months this year, compared to the same period last year. 

TAIPEI, Taiwan (BRAIN) — The Trump Administration’s ongoing dance with the Chinese over tariff issues — and with no end point in sight — has Taiwanese manufacturers and suppliers continuing to evaluate supply chain logistics.

Tagged Tariffs / Taipei Cycle Show

TAICHUNG, Taiwan (BRAIN) — Despite concerns over protectionism, ongoing trade disputes and a continued slowdown in China, Giant Manufacturing Ltd. reported the second highest annual revenue in its history.

Tagged Earnings/Financial Reports

TAIPEI, Taiwan (BRAIN) — With the Taipei Cycle Show set to open Wednesday, manufacturers are celebrating what appears to be a surge in export revenue in 2018 thanks in part to increasing demand for e-bikes.

Tagged Electric bike / Taipei Cycle Show

LONDON (BRAIN) — At the start of May, four-time Tour de France winner Chris Froome's team will get a major facelift as Team Sky will become Team Ineos. The British WorldTour team confirmed Tuesday that its new sponsor will be the multinational chemicals company Ineos, which is based in London.

GREENVILLE, S.C. (BRAIN) — Michelin has expanded its relationship with HLC to distribute the tire maker's full product lineup in the U.S. market. Products became available from HLC's U.S. distribution centers starting Monday, March 18.

HLC is already Michelin's exclusive distributor for Canada.

Tagged Distributor news

BOULDER, Colo. (BRAIN) — The Pro's Closet has launched a certified pre-owned program for bikes that includes a buyback guarantee that sets a pre-defined trade-in or buyback schedule for 18 months to encourage cyclists to regularly upgrade their bikes.

SANTEE, Calif. (BRAIN) — Sidi's U.S. distributor, Ciclista America, has ended a refurbishing service for the Italian shoe brand that it launched in 2016.

No. 22 Bicycle Co. wins Best in Show award.

SACRAMENTO, Calif. (BRAIN) — The North American Handmade Bicycle Show, which closed Sunday, notched a record number of exhibitors for the 15-year-old event: about 210.

Tagged North American Handmade Bicycle Show

MORGAN HILL, Calif. (BRAIN) — Specialized is the latest major bike brand to launch a click-and-collect program, which will allow consumers to order bikes and other products from the company's website and have the order fulfilled at a local Specialized dealer. 

Tagged Omnichannel

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products will move its annual Frostbike dealer event out of Minnesota for the first time next year. The 2020 event will be held in Denver from Jan. 31-Feb. 2.

Tagged Distributor news

LOS ANGELES (BRAIN) — Amer Sports has agreed to sell its Mavic cycling business to Regent, a U.S. private equity firm.

Company says $200 million-plus impairment charge in the Sports division was not related to operations.

MONTREAL (BRAIN) — Dorel Sports — a division of Dorel Industries that includes Cycling Sports Group, the parent of Cannondale and GT — posted double-digit organic revenue growth and significant operating profit improvement in its fourth quarter, the company reported Thursday.

Tagged Earnings/Financial Reports

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products' new 3P Select program allows its bike shop customers to sell Whisky Parts Co. products on Amazon and eBay. The program makes Whisky the first QBP house brand that dealers will be allowed to sell through third-party online platforms. 

PORTLAND, Ore. (BRAIN) — Custom wheel building company Sugar Wheel Works is joining forces with custom bike builders Breadwinner Cycles. The companies are based blocks from each other in Portland.

Tagged Mergers & Acquisitions

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Outdoor Retailer will be looking to sell space to bike industry brands at its show in Denver this November. Outdoor Retailer is owned by Emerald Expositions, the owner of Interbike, which announced in December that it was canceling its 2019 show.

Tagged Tradeshows and conferences / Interbike

DENVER (BRAIN) — Denver-based Fly Pedals, which makes a platform conversion for clipless pedals, has been purchased by an investor who is looking to acquire other cycling accessory brands. Terms of the deal were not disclosed.

Tagged Mergers & Acquisitions

SQUAMISH, British Columbia (BRAIN) — Canada-based mountain bike website Pinkbike has acquired the road cycling website CyclingTips.com from BikeExchange.

Pinkbike, founded by Radek Burkat in 1998, claims more than 3 million unique visitors every month.

Tagged Mergers & Acquisitions / Media/Publishing

KENT, Wash. (BRAIN) — Accell Group N.V. on Friday announced global revenues were up 2.4 percent, but its North American business reported a 36 percent decline in revenue for the year.

Tagged Earnings/Financial Reports

NEW YORK (BRAIN) — Hammerhead, which launched the Android-based Karoo GPS bike computer last year, has closed on a a $4.1 million "Seed Plus" funding round. The investment was led by Primary Venture Partners and KB Partners.

Tagged Mergers & Acquisitions

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