Industry News

Store closings expected. CEO says ASI brands, including Fuji, SE, Kestrel and Breezer, "will survive."

CHAPEL HILL, N.C. (BRAIN) — Advanced Sport Enterprises, the 2-year-old company that is parent to the Performance Bicycle retail chain, Bike Nashbar and distributor ASI, filed for Chapter 11 bankruptcy protection Friday morning.

Tagged ASE Bankruptcy

LAGUNA BEACH, Calif. (BRAIN) — Crankbrothers has hired Megan Tompkins as its new global marketing director.

SQUAMISH, British Columbia (BRAIN) —  7mesh Apparel has appointed John Zopfi to the newly created position of general manager EMEA (Europe, Middle East, Africa). He has more than two decades of experience in the outdoor apparel business.

Cervelo's display at Interbike in 2017.

AIMERE, Netherlands (BRAIN) — Pon Holdings, the parent company of bike brands including Santa Cruz and Cervélo, is making another bid to acquire a minority stake in Accell Group, the parent company of bike brands including Raleigh, Haibike and Diamondback.

Cambodia is the third largest supplier to the U.S., but growing fast.

TAIPEI, Taiwan (BRAIN) — Cambodia, already the biggest bicycle supplier to the EU, is making up ground in the U.S. market as well due to the recent tariffs imposed by the Trump administration.

Tagged Tariffs / Taipei Cycle Show

COLORADO SPRINGS, Colo. (BRAIN) — On Monday, Nov. 11,  USA Cycling said it will partner with five military support organizations to provide free memberships to veterans, active military and their families in honor of Veterans Day.

RED WING, Minn. (BRAIN) — Industry companies in the Upper Midwest are lending their support to a local community college's new engineering program focused on the design and fabrication of bicycles and their components.

UPDATED. Giant Bicycles evacuated Thursday as the Hill Fire erupted amid strong Santa Ana winds.
Photo by An Le from the Giant Bicycles parking lot.

NEWBURY PARK, Calif. (BRAIN) — Giant Bicycles USA evacuated its offices Thursday afternoon as the Hill Fire burned behind the company's headquarters in the Conejo Valley, about 50 miles northwest of Los Angeles.

BOULDER, Colo., and WASHINGTON, D.C. (BRAIN) — PeopleForBikes and the League of American Cyclists will hold separate webinars next week addressing the midterm elections' effects on cycling.

Tagged Advocacy/Non-profits

WASHINGTON (BRAIN) — Imports of all merchandise at the nation's major retail container ports have slowed from their pre-holiday peak but remain at unusually high levels as importers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Tagged Tariffs

CORONA, Calif. (BRAIN) — Troy Lee Designs has hired Dutch Schultz as chief operating officer. Schultz had been serving as an executive consultant to TLD, guiding the organization with process improvement initiatives and operational execution to support the brand's growth.

OAKLAND, Calif. (BRAIN) — Hydration product maker HydraPak has acquired insulated bottle brand Polar Bottle.

Tagged Mergers & Acquisitions

IRVINE, Calif. (BRAIN) — Watteam, which has sold some of the least expensive power meter cranks on the market since 2014, announced Friday that it is suspending production of its latest-generation product line and looking for strategic partners that can make use of its technology.

PeopleForBikes Foundation and Coalition revenues in recent years.

BOULDER, Colo. (BRAIN) — If ever the industry's nonprofits were in the spotlight, it was in 2018.

Tagged Tariffs / Advocacy/Non-profits / From the Magazine

DEARBORN, Mich. (BRAIN) — Axios is reporting, based on multiple unnamed sources, that Ford Motor Co. has agreed to buy the electric scooter startup Spin.

Tagged Bikeshare / Electric bike / Mergers & Acquisitions
In twist, Nothstein could still go to Congress, briefly.
PHILADELPHIA (BRAIN) — In two U.S. House races of interest to the bike industry — oddly, both in Pennsylvania — Democrat Madeleine Dean won the race in the state's 4th District, while Republican Marty Nothstein lost his race to represent the state's 7th District, although there's still a chance he could serve the remainder of the term of Rep. Charlie Dent, who resigned a seat earlier this year.

(Sausalito, CA - November 6, 2018) TRUE Communications, a leader in public relations, social media, influencer relations and content creation for active outdoor brands, announced today that
Elizabeth Pecknold has joined the agency as Director of Business Development and Marketing.

DENVER (BRAIN) — Paul Craig, the co-founder and president of Rudy Project North America, is leaving the company to spend more time with his family and pursue several philanthropic interests.

GOLDEN, Colo. (BRAIN) — Following a pilot program begun in February, land managers in Colorado's Jefferson County (Jeffco) Open Space have made Class 1 e-bikes permanently legal on all trails where traditional bikes are allowed — including about 180 miles of natural-surface trails.

Tagged Electric bike

MONTRÉAL (BRAIN) — Dorel Industries announced Friday that revenue in its sports division, which includes the company's portfolio of mass and IBD bike brands, rose 6.6 percent in the third quarter, to $219.1 million from $205.5 in the same period a year earlier.

Tagged Earnings/Financial Reports


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