Industry News

Whoop is the official wearable of the EF Pro Cycling team.

BOSTON (BRAIN) — Whoop, which sells a wrist-based heart rate monitor and services through a monthly subscription, has closed a $100 million Series E financing round. The new funding, led by IVP, values Whoop at $1.2 billion.

Nicola Rosin.

POZZOLEONE, Italy (BRAIN) — Nicola Rosin is leaving Selle Royal S.p.A., where he has been general manager and a board member, after 19 years with the company, Selle Royal Group announced Wednesday.

Founder Linn Kastan is re-producing a 1980’s freestyle frame; Kastan's contributions to the sport recognized on new website.

KENT, Wash. (BRAIN) — Linn Kastan, the founder of the Redline BMX brand in the 1970s, is collaborating with the brand once again to produce a limited edition replica bike and launch a microsite devoted to Redline's history and Kastan's contributions.

OLATHE, Kan. (BRAIN) — Led by growth in fitness, outdoor, and marine, Garmin Ltd. revenue increased 19% year-over-year for the third quarter.

Tagged Earnings/Financial Reports
Operating income in the division was up 5%
Shimano celebrates its 100th anniversary next year.

OSAKA, Japan (BRAIN) — Shimano Inc. sales in its bicycle segment were down in the first nine months of 2020, but the company has revised up its full-year earnings and revenue projections due to greater use of bicycles globally during the COVID-19 pandemic. 

Tagged Coronavirus / Earnings/Financial Reports
Updated: the bikes will be sold D2C and through Harley-Davidson dealers. Pricing TBA.

MILWAUKEE (BRAIN) — Harley-Davidson, which has been eyeing the e-bike market for several years, announced Tuesday that it will create a dedicated e-bike division launching in March 2021.

The Serial 1 Cycle Company is named for the nickname of Harley's first motorcycle model, "Serial Number 1."

Tagged Electric bike / Earnings/Financial Reports
Part 14 of BRAIN's Crystal Ball series.
7mesh's Tyler Jordan.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Part 13 of BRAIN's Crystal Ball series
Nicole and Boyd Johnson.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Part 12 of BRAIN's Crystal Ball series.
Matt Nims

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball

STOCKHOLM (BRAIN) — Thule Group's third-quarter net sales rebounded with a 44.9% increase year-over-year following two previous quarters of decline.

Tagged Earnings/Financial Reports
Part 11 of BRAIN's Crystal Ball series.
Steve Medcroft.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball

KOBLENZ, Germany (BRAIN) — KKR & Co. and Carlyle Group are among the private equity firms looking at Canyon Bicycles, according to a Bloomberg report citing sources who asked to remain unidentified.

Part 10 of BRAIN's Crystal Ball series.
Luke Kuschmeader.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Part 9 of BRAIN's Crystal Ball series.
Dave Manchester.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Part 8 of BRAIN's Crystal Ball series.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball

CHICAGO (BRAIN) — CABDA has postponed its inaugural Industry Summit, planned for early November at Disney World in Florida, to 2021. CABDA will hold a virtual trade event in mid-February, and hopes to resume in-person trade events next fall.

Tagged CABDA / Tradeshows and conferences

FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of the Eurobike trade show which had planned a down-sized event for Thanksgiving week this year, announced early Friday that the event will be canceled due to a coronavirus outbreak in the region.

Tagged Coronavirus / Eurobike / Tradeshows and conferences
Part 7 of BRAIN's Crystal Ball series.
Lindsay Gaskins

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball

WASHINGTON (BRAIN) — Following the Department of Interior's lead, the U.S. Forest Service is proposing updates on how e-bikes will be managed and offering a public comment period that ends later this month.

Tagged Electric bike
Part 6 of BRAIN's Crystal Ball series.
Paceline Products' Steve Mathews.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball

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