Industry News

DRESDEN, Germany (BRAIN) — Germany-based bike e-commerce retailer BIKE24 said its sales were up just 1% in the first half of its fiscal year to 128.8 million euros ($132 million) amid what the retailer called "a challenging environment." The company pointed to its expansions into the French, Spanish and Italian mark

Tagged Earnings/Financial Reports

NEW YORK (BRAIN) — Emerald Expositions, the owner of the Outdoor Retailer shows and Interbike, saw its revenues rebound 376% in the second quarter as trade shows resumed following two years of COVID cancellations.

Tagged Earnings/Financial Reports / Outdoor Retailer shows / Interbike

ATLANTA (BRAIN) — Wahoo announced Tuesday the formation of a proprietary Sports Science facility in Boulder, Colorado, that will be led by coaches, sports scientists, and specialists. The fitness technology company's aim is to become the "global leader in smart fitness and training."

DENKENDORF, Germany (BRAIN) — Canada's Bombardier Recreational Products has taken a majority share in Pinion GmbH, the German maker of gearbox drivetrains for bikes and e-bikes.

BRP is the owner of Ski-Doo and Sea-Doo, among other brands, including Rotax and Great Wall Motor Austria powertrain systems.

Tagged Mergers, Acquisitions & Investments

WESTPORT, Conn. (BRAIN) — Compass Diversified, the parent of BOA Technologies, PrimaLoft and Lizard Skins, among other brands, announced sales growth of 19% in its second quarter. 

Tagged Earnings/Financial Reports

DULUTH, Ga. (BRAIN) — Revenues in Fox Factory’s bicycle-related businesses were up 35% in the first half of the year compared with the same period last year. Sales in the division, which includes business under the Fox suspension, Easton, RaceFace and Marzocchi brands, totaled $348 million. 

Tagged Earnings/Financial Reports

TAIPEI, Taiwan (BRAIN) — Giant Group announced its first half consolidated sales were NT$45.01 billion ($1.5 billion ), a 7.2% increase over the first half last year.

Tagged Earnings/Financial Reports

SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue grew slightly year-over-year, while the sport camera brand reported a 65% jump in subscribers during the period.

Tagged Earnings/Financial Reports
Giro Sport Design also included as the parents of a 12-year-old girl who died from injuries in an e-bike crash say the e-bike brand markets to children without adequate warnings.

LOS ANGELES (BRAIN) — The parents of a 12-year-old girl who later died from injuries suffered while riding as a passenger on a Rad Power Bike in 2021 filed a wrongful death suit Monday against the Seattle brand and helmet-maker Giro Sport Design.

Tagged Lawsuits/legal / Electric bike

OTTOBRUNN, Germany (BRAIN) — Porsche announced it will develop an e-bike drive system in the next few years, collaborating with Pon Holdings' Ponooc Investment B.V.

Tagged Electric bike

GOLDEN, Colo. (BRAIN) — Feedback Sports will move to a new and larger location nearby that's nearly double the size and expected to be open by Sept. 1.

Getty image.

WASHINGTON (BRAIN) — The Inflation Reduction Act of 2022, announced after a surprise agreement this week between Sen. Joe Manchin III and Senate Majority Leader Charles E. Schumer, does not contain an electric bike tax credit and other bike-related measures included in President Joe Biden's original Build Back Better Act.

Tagged Electric bike / Advocacy/Non-profits

OLNEY, Ill. (BRAIN) — KHS Bicycle Parts, which was founded 50 years ago by Karl Heinz Schaette, will close its doors next month.

LeBron James (left) and Maverick Carter at a 2019 event. Getty photo.

KOBLENZ, Germany (BRAIN) — Canyon Bicycles announced Friday that two investment groups have taken "strategic equity investments" totaling $30 million in the Germany-based company.

Tagged Mergers, Acquisitions & Investments

PORTLAND, Ore. (BRAIN) — Days after an announcement that the North American Handmade Bicycle Show is postponed for this year, a variety of framebuilders and other industry sponsors say they are committed to a new show to be held in Portland in September next year.

Tagged Consumer Expos and Rides

ANOKA, Minn. (BRAIN) — Vista Outdoor reports that its sales grew 21% in its fiscal first quarter, mostly due to a double-digit sales increase in its Sporting Products division, which includes its ammunition brands. In its Outdoor Products division, which includes the bike-related brands Bell, Giro, Blackburn, CamelBak, and QuietKat, sales were down 2%.

Tagged Earnings/Financial Reports

ANOKA, Minn. (BRAIN) — Vista Outdoor has agreed to acquire Simms Fishing Products, a Montana-based sports fishing gear brand.

Tagged Mergers, Acquisitions & Investments

MILAN (BRAIN) — Investment holding company Italmobiliare is acquiring the cycling and motorcycling footwear company Sidi Sport for 66 million euros ($66.8 million).

Tagged Mergers, Acquisitions & Investments

OLATHE, Kan. (BRAIN) — Decreased demand in cycling and advanced wearable products led to a 6% year-over-year revenue decline for Garmin Ltd. in the second quarter.

Tagged Earnings/Financial Reports

OSAKA, Japan (BRAIN) — Shimano Inc.'s bike-related sales were up 17.2% in the first half of the year compared to the same period last year, while the company's operating income in its bike segment increased 20.2%.

Tagged Earnings/Financial Reports


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