Industry News
HEERENVEEN, Netherlands (BRAIN) — A consortium planning to acquire Accell Group and take it private has said it will move forward with the offer despite not reaching a threshold of 80% of shares committed to the buyout.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions will debut The Outdoor Adventure X show next June at a Utah ski resort. The event will include outdoor product demos for cycling, camping, climbing, hiking, watersports and more.
BERLIN (BRAIN) — E-commerce retailer Signa Sports United announced a collaboration with third-party logistics company Rhenus Warehousing Solutions and the opening of a 215,278-square-foot parts warehouse.
STUTTGART (BRAIN) — Porsche announced on Wednesday that it acquired the remaining 80% of shares in German e-bike drive system Fazua GmbH.
HEERENVEEN, Netherlands (BRAIN) — A consortium's bid for Accell Group has failed, at least temporarily.
CUTLER BAY, Fla. (BRAIN) — It hasn't quite been business as usual for Andante Bike Shop, operating under tents in the back of the building that was destroyed by fire in early April.
WESTPORT, Conn. (BRAIN) — Compass Diversified, which owns BOA and Lizard Skins, has agreed to buy PrimaLoft, a Latham, N.Y.-based textile company. PrimaLoft makes synthetic insulation primarily used in sports apparel.
(BRAIN) — Tour de France hero Greg LeMond announced that he has been diagnosed with Chronic Myelogenous Leukemia.
The 60-year-old said the form of leukemia is treatable and not life-threatening. He will begin treatment later this week in the U.S.
WASHINGTON (BRAIN) — The U.S. imported $565 million worth of bikes in the first quarter this year, up 52% over the first quarter last year and capping three quarters' of massive import figures.
WASHINGTON (BRAIN) — A District of Columbia federal judge ruled that the National Park Service can continue to allow e-bike access on non-motorized trails but needs to conduct its own environmental review followed by a public comment period to gauge the impact they have on park resources and other users.
BERLIN (BRAIN) — E-commerce retailer Signa Sports United reported its first quarterly results that included numbers from WiggleCRC and Tennis Express, which it acquired in December. Quarterly sales were up 48% to 269 million euros ($288 million).
(BRAIN) — Canadian Katy Bond has been appointed CEO of Rocky Mountain. Bond joined Rocky Mountain in 2019 as general manager, and the privately held Canadian mountain bike manufacturer says that she has delivered record growth in that role.
OAKLAND, Calif. (BRAIN) — Enduro Bearings unveiled a direct-to-consumer website Wednesday with its complete line of products, which exceeds 1,200 SKUs.
OSAKA, Japan (BRAIN) — Shimano now services third-party e-bike batteries used in its STEPS drive units for North American retailers, unifying the service contact and providing a faster turnaround, the company said. Before the change, retailers had to work with the bike or battery manufacturer.
DANA POINT, Calif. (BRAIN) — New frontiers of safety are opening up in the technology world. Cars sensing bikes, bikes sensing cars, once little more than a pipe dream, is rapidly becoming a reality. One soon-to-be launched solution is Spoke, previewed at the Bicycle Leadership Conference.
MUNICH (BRAIN) — Alpha Bikes, which has operated a Specialized concept store here since 2008, is switching to Giant bikes at the store in July. The retailer said Specialized's new consumer-direct strategy led to the change.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported first-quarter net sales decreased 7.5% year-over-year for the period ending April 30.
SYDNEY (BRAIN) — The Australian stock exchange has stopped trading BikeExchange’s stock at the company’s request. According to the stock exchange, the company requested the trading halt because of an expected announcement of “a material capital raising.”
BOULDER, Colo. (BRAIN) — Outside Interactive, the parent company of Bicycle Retailer & Industry News, has cut its workforce by about 15%, eliminated two of its bike-related titles and reduced or eliminated several print magazines while continuing the titles online.
DANA POINT, Calif. (BRAIN) — The closing session at this year’s Bicycle Leadership Conference was not the flashiest or the best attended. But it probably was the most sobering 60 minutes of the two-day conference.
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