Industry News

Jessica Klodnicki.

AMERICAN FORK, Utah (BRAIN) — Jessica Klodnicki is the new CEO of recovery product company KT Tape. She previously was chief marketing officer of Skullcandy.

Bryan Mason.

TEMPE, Ariz. (BRAIN) — Bryan Mason was promoted to Pivot Cycles president and will oversee "key departments and management team members" in addition to all of the company's Stuttgart, Germany, operations.

CHICAGO (BRAIN) — One of the largest snack companies in the world announced an agreement to acquire Clif Bar & Company for $2.9 billion. The acquisition by Mondelēz International — which owns brands such as Oreo, Cadbury, and Trident gum — will expand its business to more than $1 billion.

Tagged Mergers, Acquisitions & Investments

BOULDER, Colo. (BRAIN) — Provincetown, Massachusetts, tops PeopleForBikes' 2022 City Ratings for the best U.S. cities for biking. The year-long study was completed in conjunction with Trek Bicycle.

Annie Kao.

SEATTLE (BRAIN) — In the fast-moving world of e-bike brands, keeping track of who’s doing what — like Leon Cycle — is an ongoing challenge. Few dealers have heard of Leon Cycle, but it’s had a warehouse and a retail outlet in Seattle since 2019.

Tagged From the Magazine
Bimotal's e-bike conversion.

PORTLAND, Ore. (BRAIN) — Shop owner Brad Davis’s career as an e-bike entrepreneur offers a peek inside an often overlooked but increasingly profitable corner of the electric bike market: e-bike conversions.

Tagged Electric bike

RANDOLPH, Mass. (BRAIN) — Delta Cycle, known for its extensive line of accessories including bike storage and phone mount accessories, is moving into a very different market: e-bikes.

The Massachusetts company expected to take delivery in May of its first shipment of two models of Delta bikes.

Tagged Electric bike

LÉVIS, Quebec (BRAIN) — HLC is making a CA$250,000 ($193,000) investment in its Wheel Shop, which the distributor said will help better supply North American dealers during a period of supply-chain challenges.

MONTEREY, Calif. (BRAIN) — Blaupunkt, which launched its new line of e-bikes at the Sea Otter Classic, is a name known to fans of German-made cars, including Volkswagen and BMW.

Tagged Electric bike
Tom Martin.

BOULDER, Colo. (BRAIN) — For our June magazine edition, we asked our State of Retail panel members: How does this year to date compare to 2021 in terms of category sales and profitability? How do you expect sales and profits to evolve throughout this year?

Tagged From the Magazine

BRAIN's parent company, Outside Inc., this week launched Find Your Good, a new initiative that enables the company’s audience of 80 million outdoor enthusiasts to donate directly to 14 diverse nonprofit partners, including the cycling organizations Grow Cycling and The Bahati Foundation.

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.

Tagged Mergers, Acquisitions & Investments

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.

Tagged Consumer Expos and Rides / Tradeshows and conferences / Outdoor Retailer shows

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.

Tagged Electric bike / Mergers, Acquisitions & Investments

HEERENVEEN, Netherlands (BRAIN) — A consortium's bid for Accell Group has failed, at least temporarily. 

Official report attributes the fire to charger equipment failure.

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.

Tagged Electric bike

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. 

Tagged Mergers, Acquisitions & Investments

(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.

Tagged Supply chain / Tariffs

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