Industry News
SEATTLE (BRAIN) — A man who filed a class-action lawsuit in September against Rad Power Bikes for allegedly manufacturing a faulty fork and quick-release skewer design has dropped his complaint.
The notice of voluntary dismissal without prejudice was filed Tuesday in U.S. District Court in Seattle.
WASHINGTON (BRAIN) — A House committee looking at economic and security issues with China released a bipartisan report Tuesday detailing 150 policy recommendations, including reducing the de minimis threshold for imports from foreign adversaries and strengthening Customs and Border Protection.
ROSH HA'AYIN, Israel (BRAIN) — Joe's No Flats, a common sight at European and Asian trade shows for years, will be available to U.S. retailers again starting this month.
DAYTON, Ohio (BRAIN) — United Wheels is moving its Niner Bikes business from Colorado to its company headquarters in Miamisburg, Ohio. United Wheels, which also owns Huffy, VAAST, Batch and Buzz Bicycles, bought Niner out of bankruptcy in 2018.
BOULDER, Colo. (BRAIN) — For our December magazine edition, we asked our State of Retail panel members: How relevant are in-person trade shows, seminars, and dealer events? Which did you attend in 2023, or do you plan to attend in 2024?
OSAKA, Japan (BRAIN) — Shimano says it is investigating after a news report that a supplier to its factory in Malaysia has operated under conditions that are “akin to modern slavery.”
WELS, Austria (BRAIN) — Pierer Mobility AG said it has agreements to sell Felt Bicycle, which it acquired in 2021, to a consortium led by a current manager.
DENVER (BRAIN) — Revved, the parent company of closed mountain bike brand Guerrilla Gravity, is auctioning its manufacturing equipment this month following the appointment of a state court receiver.
KOBLENZ, Germany (BRAIN) — Privately held Canyon Bicycles announced Monday that its year-on-year sales increased 23% in the first nine months of 2023. However, the company recorded a loss of 1.3 million euros in the period due to discounting and a shortage of some models that were in high demand.
WALDSASSEN, Germany (BRAIN) — Accell Group no longer will manufacture Ghost Bikes in Germany, with the brand's production being integrated into Accell's European manufacturing network.
ANOKA, Minn. (BRAIN) — Vista Outdoor, which has agreed to sell its Sporting Products business to Czechoslovak Group a.s.
(BRAIN) — Park Tool has opened the application window for its 2024 Community Tool Grant program; applications will be accepted until Dec. 31.
Now in its ninth year, the program has so far donated over $120,000 worth of tools to deserving organizations throughout the world.
MINNEAPOLIS (BRAIN) — United Sports Brands, which acquired Pearl Izumi from Shimano in May last year, has been acquired by Norwest Equity Partners. NEP is a previous owner of Shock Doctor, the athletic brand that evolved into USB.
BERGAMO, Italy (BRAIN) — René Wiertz, who has been with 3T for 16 years and helped transition it from parts supplier to a gravel bike brand with production in Italy, is stepping down.
Kim is well known in the outdoor industry, he's also making a mark in the bicycle industry.
DEERFIELD BEACH, Fla. (BRAIN) — The Serial 1 e-bike brand, which was founded by Harley-Davidson, has been sold to LEV Manufacturing, Inc., formerly known as Life Electric Vehicles, Inc.
A version of this story ran in the November issue of BRAIN.
WASHINGTON (BRAIN) — Buzzy Cohn had enough to deal with immediately following a bike crash after he hit a hubcap in the roadway during a group ride in 2012. He didn't need anymore painful news.
RAPID CITY, S.D. (BRAIN) — Strider Bikes will donate more than $100,000 in balance bikes to benefit 645 kids in local charities here, where the company is based.
FRUITA, Colo. (BRAIN) — Canfield Bikes will distribute service parts for Guerrilla Gravity bikes, which ceased operations in September.
NEW YORK (BRAIN) — E-bike reseller Upway announced a $30 million Series B investment on Thursday, doubling the brand's total funding to $60 million.
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