Industry News

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike will open Wednesday for the first time since 2019 after the COVID-19 pandemic forced the cancellation of last year's in-person event.

Tagged Eurobike

NEW YORK (BRAIN) — Peloton Interactive's fourth-quarter revenue grew 54% over last year's final quarter, to $937 million, as the company's fiscal year revenues topped $4 billion for the first time. 

Tagged Earnings/Financial Reports

KIRKLAND, Wash. (BRAIN) — Gerard Cycles is a road bike brand with a story.

The eight-year-old brand run out of Washington was founded by John Gerard Sheehan, an Irish-born ex-pro who can share stories about racing on the Continent and elsewhere with the likes of LeMond, Roche, and Kelly, back in the day.

MOUNT SHASTA, Calif. (BRAIN) — Organizers have canceled the Grinduro California gravel event for this year because of fire conditions in the National Forest where much of the event is held. The event had been scheduled for Sept. 18.

Tagged Events

LINCOLN, Neb. (BRAIN) — Factor Bikes and its parts and accessories subsidiary Black Inc. announced a round of funding from an investment group that includes professional cyclist Chris Froome. The amount of the investment was not disclosed.

Tagged Mergers, Acquisitions & Investments

PITTSBURGH (BRAIN) — Dick's Sporting Goods had another record earnings period, reporting net sales increased 20.7% year-over-year.

Tagged Earnings/Financial Reports

MONTEREY, Calif. (BRAIN) — The Sea Otter Classic will follow current local and state COVID-19 guidelines and not require masks during the open-air event.

Tagged Coronavirus / Sea Otter Classic

LOS ANGELES (BRAIN) — Two months after entering the bike-sharing market, micromobility company Bird is now moving into the consumer e-bike market.

Tagged Electric bike
Shannon Galpin has identified 350 Afghan women athletes who are immediate danger.

COLORADO SPRINGS, Colo. (BRAIN) — Hundreds of female athletes, including cyclists, are in fear for their lives in Afghanistan as the Taliban takes control of the nation.

MORGAN HILL, Calif. (BRAIN) — Specialized Bicycles will work with an Atlanta-based nonprofit organization to establish a program through retailers to collect used e-bike batteries to deliver to its recycling partner.

Tagged Electric bike

LAUSANNE, Switzerland (BRAIN) — The IRONMAN Group has acquired the multi-day cycling event series Haute Route and the Gravel Epic series, which Haute Route acquired earlier this year.

Tagged Mergers, Acquisitions & Investments / Racing & Sponsorship / Events / Consumer Expos and Rides
Burley Pittock Pouch.

EUGENE, Ore. (BRAIN) — Outdoor brand Burley released a limited-edition collection of bags in collaboration with North St. Bags that are constructed with nearly 80% upcycled materials.

Tagged DEI and Sustainability
The frame protection brand also produces in Canada, New Zealand, and Sweden.

WHISTLER, British Columbia (BRAIN) — RideWrap, a Whistler-based brand, is perhaps the bike industry's best example of a company manufacturing close to market. 

A Rouvy rider.

PRAGUE (BRAIN) — The Pale Fire Capital investment group has invested $6 million in VirtualTraining, a Czech company behind the ROUVY indoor cycling and running software application.

Tagged Mergers, Acquisitions & Investments

BOULDER, Colo. (BRAIN) — Tim Patterson, the President and Chairman of the Board of Project Bike Tech, passed away on July 12, 2021. He was 66 years old.

TAIPEI, Taiwan (BRAIN) — Exhibitor registration has opened for next March's TAIPEI CYCLE show, which will include virtual and in-person elements. The last two TAIPEI CYCLES were held virtually only because of COVID-19.

Tagged Tradeshows and conferences / Taipei Cycle Show
Michael Haldeman.

BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: Tell us about trainer and indoor cycling accessory sales in your store.

Tagged State of Retail / From the Magazine

DRESDEN, Germany (BRAIN) — E-commerce retailer Bike24, which joined the Frankfurt stock exchange after an IPO in June, is reporting that its sales were up

Tagged Earnings/Financial Reports

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported second-quarter revenue increased 106% and net income 257% year-over-year, the fourth consecutive quarter of record-breaking growth for the protective gear manufacturer.

Tagged Earnings/Financial Reports
Lorenzo Gene Dukes.

FORT MYERS, Fla. (BRAIN) — A man with a lengthy criminal past was sentenced to six years in prison after being arrested for stealing a bike from a Lee County retailer and selling it to a pawn shop.

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