Industry News
LONDON (BRAIN) —The parent company of Rapha has filed an audited financial statement showing an operating loss of nearly 20 million pounds ($25 million) last year. The loss was due to exceptional administrative expenses incurred following the brand's acquisition in 2017; the company's gross profit was nearly 18 million pounds.
DURHAM, N.C. (BRAIN) — A bankruptcy judge has ruled that Advanced Sports Enterprises can hold store closing sales at 102 Performance Bicycle locations. The court also pushed back the auction of ASE's assets to mid-January. The auction had originally been scheduled for Dec. 18.
HELSINKI (BRAIN) — Private equity investor consortium Mascot Bidco Oy has made a cash offer to purchase all issued and outstanding shares of Amer Sports Corp., currently valued at 4.6 billion euros (about $5.2 billion). This excludes shares held by Amer Sports or its subsidiaries.
MARIN, Calif. (BRAIN) — The Marin Municipal Water District will hold a public workshop next week regarding e-bike use in the watershed the agency manages on Mt. Tamalpais, widely regarded as the birthplace of mountain biking, and a local retailer is urging e-bike riders and supporters to participate in and speak at the forum.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions has canceled the 2019 edition of the Interbike trade show, saying the event might return in a more modest format in 2020.
THOUSAND OAKS, Calif. (BRAIN) — Three bike industry veterans have launched a new consulting business for the emerging mobility industry.
Mike Fritz, Jay Townley and Brad Hughes have formed Human Powered Solutions LLC.
BOULDER, Colo. (BRAIN) — The BPSA has completed shooting a second round of videos designed to inform and inspire bike shop employees to sell e-bikes. Leveraging the organization's location here, the new videos feature bike celebrities Taylor and Davis Phinney and Lennard Zinn.
BERLIN (BRAIN) — When Shaun Paul Simmons first came to Germany, in 1997, it wasn't because of bicycles. "I came to Berlin for a girl and will now go back home for a girl," the American said with a laugh.
HAAR, Germany (BRAIN) — The last of BionX Canada's operating subsidiaries, BionX GmbH, has announced it will close its offices near Munich on Dec. 10 after more than 10 years in business there and an unsuccessful effort to find a buyer.
HOOD RIVER, Ore. (BRAIN) — Dakine, an outdoor sports lifestyle brand that offers bike clothes and bags, has been acquired by Marquee Brands LLC, a brand management company that owns the Bruno Magli and Body Glove brands, among others.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Outdoor Retailer said that all three of its shows in 2019 will be three days long. OR's Summer Market in June and Winter Market in November will be shortened from the original four-day plans. January's Snow Show remains three days as scheduled.
DURHAM, N.C. (BRAIN) — Taiwan-based manufacturer Ideal Bicycle Corp. has told the bankruptcy court here that it opposes Advanced Sports Enterprises' request to be released from its manufacturing and licensing agreements with Ideal.
HELSINKI (BRAIN) — Bloomberg is reporting that Chip Wilson, the founder of yoga apparel brand Lululemon Athletica Inc., is set to join the investor group that is trying to buys Amer Sports, which owns Mavic, Enve and other brands.
RICHMOND, Calif. (BRAIN) — Cycle Monkey on Monday announced a new partnership with Nicolai Bicycles to bring the German mountain bike brand’s line of handmade custom and standard-size aluminum framesets to the U.S. market — selling consumer direct and also offering sales to interested dealers.
TAIPEI, Taiwan (BRAIN) — Germany-based bicycle trade and industry journalist Jo Beckendorff is retiring from frontline duty at KB Media Ltd., publisher of the Eurobike and Taipei Show Dailies, at the end of this year.
BUENOS AIRES, Argentina (BRAIN) — President Donald Trump and Chinese President Xi Jinping agreed to a truce in the ongoing trade war this weekend. Trump agreed to delay implementing a 25 percent tariff on Chinese goods — including at least $1 billion in bike-related products — that had been set to take effect Jan. 1.
MADISON, Wis. (BRAIN) — Eight years after it began offering e-bike vacation packages, Trek Travel said it has averaged an annual increase of 50 percent per year since 2016 on e-bike trips. The most popular e-bike trips are offered in California, Tuscany and Provence.
NEW YORK (BRAIN) — Ride share company Lyft has completed its purchase of Motivate, the country's largest bike share company. The purchase was originally announced in July.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products announced Friday that it has promoted Todd Cravens to vice president of business development.
WASHINGTON (BRAIN) — The Sports & Fitness Industry Association is urging the Senate to pass the Personal Health Investment Today Act during its lame-duck session this fall. The PHIT Act passed the House in July.
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