Industry News

The Great American Outdoors Act now goes before President Trump.

WASHINGTON (BRAIN) — The House of Representatives on Wednesday passed the Great American Outdoors Act that will provide millions of dollars annually for trail maintenance and creation on federal lands.

Tagged Advocacy/Non-profits
E-bike sales will extend the 2020 bike boom, the industry says.
Photo courtesy of Shimano Steps.

SANTA CRUZ, Calif. (BRAIN) — As the industry debates whether the pandemic-driven bike boom will end with a bust as supply dwindles, or reset as the new normal for years, consider one key difference between this boom and the early 1970s edition: This time we have e-bikes.

Tagged Coronavirus / Electric bike

GRENOBLE, France (BRAIN) — The French investment group Bourrelier, the former owner of the Bricorama home improvement retail chain, appears to be set to take over Mavic, which is in receivership.

Thule Group sales dropped 11.6% in the second quarter.

STOCKHOLM (BRAIN) — Thule Group sales dropped another 11.6% in the second quarter as the COVID-19 pandemic continued to hurt the sport and cargo carrier manufacturer.

Tagged Earnings/Financial Reports
The Badger is still in the hunt. French administrators will decide on the winning bid this month.
Mavic continues to share its Annecy, France, facility with Salomon.

GRENOBLE, France (BRAIN) — Fox Factory has removed itself from the bidding to acquire Mavic SAS, which is in receivership in France. However, about 13 other groups, including several with ties to the bike industry, have expressed interest in the company.

Need a Pandemic Project? Paul Brodie did.

VANCOUVER, British Columbia (BRAIN) — If you have some time on your hands while sheltering in place (and perhaps a small machine shop and a supply of steel tubing in your shelter), this might be the time to brush up on your framebuilding skills.

OAK RIDGE, Tenn. (BRAIN) — LeMond Bicycles LLC recently raised a bit over $2 million in a private placement investment, possibly bringing the company closer to launching a bike line using technology developed by Greg LeMond's other business, LeMond Carbon.

The Great American Outdoors Act goes before the House next week.

WASHINGTON (BRAIN) — The way Dave Wiens sees it, the Great American Outdoors Act could be the last chance to secure more trail funding for years to come.

Tagged Advocacy/Non-profits

BOULDER, Colo. (BRAIN) — Cateye America is ending dealer-direct sales and focusing on sales through its U.S. distributors, JBI Importers and QBP.

Tagged Distributor news
An image from the Change.org petition page.

GOLDEN, Colo. (BRAIN) — Yeti Cycles has decided to stop using the word 'tribe' to refer to owner community. The company said it learned that the term can be offensive.

Campagne, right, with Vriends.

BREMBATE, Italy (BRAIN) — The owners of Vittoria Group, including founder and president Rudie Campagne, have sold the tire maker to Wise Equity, an Italian group.  

Tagged Mergers & Acquisitions
A House subcommittee hears testimony from business owners about ways to improve supply chain resiliency during the COVID-19 pandemic.

WASHINGTON (BRAIN) — As the lone representative of not only the cycling industry but the entire outdoor industry, David Billstrom admitted to feeling some pressure addressing Congress on July 2.

Tagged Coronavirus

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products is now selling its house brand Teravail tires direct to consumers via the brand's website, and sharing some revenue from each sale with nearby dealers who are enrolled in its Dealer Choice program for Teravail.

MORGAN HILL, Calif. (BRAIN) — Specialized has told its dealers that it will begin sales of equipment, but not bikes or frames, through Backcountry.com and its cycling-specific site, CompetitiveCyclist.com.

SBA program supported at least 1,500 jobs at retail, supplier and nonprofit organizations.
A showroom at a Bicycle Sports Shop location in Austin.

AUSTIN, Texas (BRAIN) — Bike shops, suppliers and nonprofits across the industry — along with thousands of employees — have benefitted from the Paycheck Protection Program, which provides forgivable loans for organizations that maintain payroll during the COVID-19 pandemic.

Tagged Coronavirus

The list of about 1,500 retailers, suppliers, nonprofits and other industry companies that received federal Paycheck Protection Program loans.

OSAKA, Japan (BRAIN) —  Shimano's chairman emeritus and former chairman Yoshizo Shimano died of chronic heart failure at 85 on July 3.

"The contributions he made to Shimano's business cannot be measured and his impact will be felt forever," the company said. 

BOULDER, Colo. (BRAIN) — PeopleForBikes, which owns and operates the Bicycle Leadership Conference, announced Wednesday that it will hold the BLC as a virtual event this fall and an in-person BLC next April 12-14 in Santa Cruz, California. Meanwhile, organizers of the Sea Otter Classic, which has hosted the BLC in Monterey for many years, announced a rival management conference for next April.

Tagged Sea Otter Classic / Bicycle Leadership Conference

(BRAIN) — The Dorel brands are shifting to an updated version of the cycle the industry relied on in decades’ past: dealer pre-season commitments made in the fourth quarter and model transitions centered around the new year. The company is promising to eliminate most mid-season model year changeovers.

MONTEREY, Calif. (BRAIN) — Organizers of the Sea Otter Classic on Wednesday announced that the 2020 event, which had been rescheduled for October, will not be held. 

Tagged Sea Otter Classic

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