Industry News

SHIREBROOK, England (BRAIN) — The Wiggle and Chain Reaction Cycles e-commerce websites will relaunch in the United Kingdom after Frasers Group acquired them and their house brands, including Nukeproof and Vitus Bikes.

UPDATED

NEWARK, N.J. (BRAIN) — Samuel J. Mancini is scheduled to report to the U. S. Bureau of Prisons in Colorado on Tuesday, April 2.

BOULDER, Colo. (BRAIN) — Industry group PeopleForBikes will work on a "comprehensive comment" in support of the Consumer Product Safety Commission's decision to address e-bike injury risks with new federal rules.

Tagged Electric bike

TAICHUNG, Taiwan (BRAIN) — On Wednesday, Giant Group's board approved its full 2023 financial report, which shows consolidated sales of NT$76.95 billion ($2.44), an annual decline of 16.4%.

Tagged Earnings/Financial Reports

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported year-over-year revenue declines for 2023 (38%) and the fourth quarter (10%), but CEO Sean Macdonald said the cycling and motorcycle protective brand sees better days ahead.

Tagged Earnings/Financial Reports
Audrey and Mark Sze-To.

BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are the market forces that you feel are most out of your control? What resources or training help you manage?

Tagged From the Magazine
The Haro Saguaro.

Unlike many in the industry, Haro Bikes has been busy expanding instead of contracting, brand officials told BRAIN at Taipei Cycle this week.

Tagged Taipei Cycle Show
Photo from this year's show courtesy of Taipei Cycle.

TAIPEI, Taiwan (BRAIN) — Crazy. The right thing to do. A reckoning. Those were some of the initial feelings from industry professionals who spoke to BRAIN at Taipei Cycle on Wednesday.

Tagged Taipei Cycle Show
Company also will reduce SKUs by 40% according to internal document.

BOULDER, Colo. (BRAIN) — Trek Bicycle president John Burke has told company leaders that he has decided to “right size” the company by 10% in response to slow sales and high inventory levels. But he says the company's overall strategy remains unchanged.

The new brand and its logo.

LINDON, Utah (BRAIN) — Consumer direct brand Fezzari is shortening its brand name, rebranding as simply Ari effective Tuesday.

TAIPEI, Taiwan (BRAIN) — Taipei Cycle presented its 12th annual d&i awards Tuesday with seven products earning Gold status, but with sustainability an emerging topic in the industry and at the news conference, perhaps the most intriguing was the Green Prize winner.

Tagged Taipei Cycle Show

OBERWANGEN, Switzerland (BRAIN) — E-bike brand myStromer AG said it achieved "sustainable" growth last year of more than 10%. The privately held company did not release financial details. 

Tagged Electric bike / Earnings/Financial Reports
Brad Holmes photo courtesy of Grinduro.

(BRAIN) — Gravel event series Grinduro is offering free event entries to members of the bike industry who have been recently laid off.

Tagged Consumer Expos and Rides

NEW YORK (BRAIN) Vista Outdoor Inc.'s board has rejected an unsolicited acquisition offer made last month by MNC Capital. The offer was to buy the company for $35 per share, a 17% premium over Vista Outdoor's current stock price, worth about $2.9 billion.

TAIPEI, Taiwan (BRAIN) — Taipei Cycle show begins Wednesday with 950 exhibitors — 100 more than last year when the island reopened to unrestricted international travel — spread over 3,500 booths.

Tagged Taipei Cycle Show
The Cycle Force logo.

AMES, Iowa (BRAIN) — Messingschlager USA told customers on Friday that HLC is taking over distribution for its brands in the U.S.

Revenue in Lifetime's event business — including the Sea Otter Classic, Unbound Gravel and Leadville 100 events — was up 18%.

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the fitness center company that also owns some bike events including the Sea Otter Classic, Unbound Gravel and Leadville 100 races, reported 2023 full-year revenues were up 21.6% from the prior year, to $2.2 billion.

Tagged Earnings/Financial Reports
Charging technologies participating are, from left, Swobbee, Swiftmile, and Popwheels.

NEW YORK (BRAIN) — The first of five public outdoor lithium-ion battery charging stations opened Thursday, part of a six-month pilot program aimed at preventing residential battery fires.

Tagged Electric bike

FRANKFURT (BRAIN) — Eurobike organizer fairnamic GmbH has set the date for next year's show: Eurobike 2025 will be held June 25-29.

Tagged Tradeshows and conferences / Eurobike
Swrve co-founders Muriel Bartol and Matt Rolletta.

LOS ANGELES (BRAIN) — Cycling and outdoor apparel brand swrve plans to close after 20 years in business, citing escalating operating costs. While no more orders will be placed, swrve will continue operations to sell off inventory in the coming months.

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