Industry News

WELLINGBOROUGH, United Kingdom (BRAIN) — Storskogen UK has acquired the majority of shares of cycling parts and accessories distributor Extra UK.

Tagged Mergers, Acquisitions & Investments

VICENZA, Italy (BRAIN) — The investment firm Carlyle has agreed to buy the Italian protective gear brand Dainese Group. Dainese offers gear for powersports and mountain biking.

Tagged Mergers, Acquisitions & Investments

MILAN (BRAIN) — Pirelli has begun making its high-end P Zero Race road and mountain bike tires at its factory in Bollate, Italy. The factory, first opened in 1962, was recently modernized to accommodate production of the brand's high-end models. 

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the health club operator that also owns major cycling events such as Sea Otter Classic, UNBOUND Gravel, and the Leadville 100, recovered from pandemic club shutdowns in 2021 to see a 57.8% increase in company-wide revenues, to $1.3 billion.

Tagged Earnings/Financial Reports / Sea Otter Classic

MONTRÉAL (BRAIN) — Dorel Industries is reporting that its Dorel Sports division recorded a 12.2% increase in revenues last year, its final year before the bike division's sale to Pon Holdings. The acquisition was completed on Jan. 4.

Tagged Earnings/Financial Reports
Gov. Jay Inslee is expected to sign the $1.3 billion transportation bill.

OLYMPIA, Wash. (BRAIN) — The state legislature here passed its largest bicycling infrastructure and bike education funding bill Thursday

The Merida Scultura 5 Team

TAIPEI, Taiwan (BRAIN) — The Awards Pavillion at the Taipei Cycle show features 33 awards winners across several categories, including electrification, IoT, systematic solutions, and green elements in product design

BRAIN talks with Leonor Lin, the president of TAITRA, the trade group that organizes the shows.
Leonor Lin, President of TAITRA

TAIPEI, Taiwan (BRAIN) — As the industry struggles to overcome supply chain challenges that are likely to increase due to the war in Ukraine, the Asian industry gathers this week at the TAIPEI Cycle trade show and its DigitalGo virtual show.

Tagged Taipei Cycle Show
Head Groove-E

AMES, Iowa (BRAIN) — Austria’s Head Sport GmbH assigned its North American licensing and distribution agreement for bikes and accessories to Cycle Force Group.

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported record fourth-quarter and full-year revenue gains of more than 80% year-over-year despite what it said were challenging global supply-chain conditions.

Tagged Earnings/Financial Reports

BERLIN (BRAIN) — Signa Sports United has taken a stake in Buzzbike, a U.K.-based bike subscription service. The company said the deal will enable Buzzbike to expand into U.S. and European cities, starting with a planned community in Florida.

CHICAGO (BRAIN) — SRAM is acquiring the cycling apparel brand Velocio, according to Velocio's owners.

The purchase closed on March 3 and was announced publicly on Wednesday, Andrew Gardner, Velocio's chief marketing officer, told BRAIN and VeloNews.

Tagged Mergers, Acquisitions & Investments

DENVER (BRAIN) — The founder of the Colorado Classic, a women's-only road stage race, is announcing a request for funding to relaunch the event last held in 2019. 

Tagged Racing & Sponsorship

VISTA, Calif. (BRAIN) — Friends have launched a Gofundme campaign to help support the young family of 25-year industry veteran James Winchester.

So far, more than 800 retailers are participating.

BOULDER, Colo. (BRAIN) — The industry-wide U.S. e-bike battery recycling program officially began Tuesday with more than 800 retailers trained and equipped to handle expired or damaged packs returned to shops.

Tagged DEI and Sustainability / Electric bike

TEL AVIV (BRAIN) — Dmitry Nechaev, the owner of Sochi, Russia-based Triton Bikes, is asking industry suppliers and customers to continue to do business with his company, which he is planning to re-establish outside of Russia.

Fall events in Moab and Bentonville still on the calendar.

MOAB, Utah (BRAIN) — Western Spirit Cycling, the producer of Outerbike, is postponing three summer events due to a shortage of demo bikes. The company also announced an expanded expo format at its two remaining planned 2022 events, in Bentonville, Arkansas and Moab.

Tagged Consumer Expos and Rides

NEW YORK (BRAIN) — Signa Sports United, the publicly traded parent of Wiggle CRC and other e-commerce sites, reported a net sales increase of 11% in its first quarter. But it says the increase would have been higher if not for the shortage of complete bikes available in the quarter.

Tagged Earnings/Financial Reports

(VELONEWS) — Look Cycle has immediately ended its association with the Gazprom-RusVelo team as a result of Russia's invasion of Ukraine.

TUCSON, Ariz. (BRAIN) — The Bicycle Tourism Network's board has decided to cancel its planned 2022 and 2023 Bicycle Tourism Conference events and to "postpone indefinitely" holding any future conferences.

Tagged National Bicycle Tourism Conference


Subscribe to RSS - Industry News