Industry News
VISTA, CA (BRAIN)—Zoot Sports has been acquired by K2 Sports. Terms of the acquisition were not disclosed.
TAICHUNG, Taiwan (BRAIN)—Stella Yu, founder of Velo Enterprise Co., LTD, one of the world’s leading manufacturers of saddles, has called a report about European anti-dumping duties imposed on Chinese-made saddles “misleading” and “deceptive.”
"The gathering was all about the people. It was a joyous 'time warp.' There were several people I had not seen in 15-plus years. And, I was so amazed how quickly we could enter into banter with the same ol' feel and energy. It was as if the time gap between encounters had only been a week."
PHILADELPHIA, PA (BRAIN)—More than 240 mechanics descended upon Philadelphia for the two-day Park Tool Tech Summit this past Monday and Tuesday to receive hands-on instruction from some of the top component brands in the industry.
FLETCHER, NC (BRAIN)—To help bike shops better meet customer needs and capitalize on an untapped sales category, Cane Creek Cycling Components has introduced a Preferred Dealer Program for its premium headsets. The program will help participating dealers sell and service the complete line of Cane Creek headsets.
BOULDER CITY, NV (BRAIN)—Brent Thomson, godfather and trail master of Bootleg Canyon, suffered a heart attack last Saturday while riding the trails that he has famously cut into the mountains surrounding Boulder City, a stones throw from Las Vegas, Nevada.
THULE, CT (BRAIN)—Thule has entered into an agreement with Peregrine Outfitters to distribute Thule and SportRack branded products to the outdoor industry.
NORCROSS, GA (BRAIN)—Blue competition Cycles has hired four new outside sales reps to help promote the growing brand. With a strong ad campaign helping fuel increasing interest in the line, the need to have better representation in key territories has been a major focus over the past 12 months.
OOLTEWAH, TN (BRAIN)—American Bicycle Group has laid off 25 percent of its Tennessee manufacturing workforce along with vice president of sales Steve Boyd.
Other employees were let go as well including independent sales reps. The company employs roughly 100 people.
LAGUNA NIGUEL, CA (BRAIN)—Lifeboat Solutions is hosting Press Camp June 23-25, 2009, in Sun Valley, Idaho, providing a venue where bike companies can present their products to a captive audience of top journalists from throughout the country.
EL SEGUNDO, CA (BRAIN)—ACT Lab LLC, an independent testing facility for the bicycle industry, recently received the accreditation necessary to serve as a third-party lab for tests required by the Consumer Product Safety Information Act.
SAN JUAN CAPISTRANO, CA (BRAIN)—Interbike will add two consumer days to Outdoor Demo East this year in response to suggestions from exhibitors at last October’s inaugural event.
MONTEREY, CA (BRAIN)—The Sea Otter Classic will host one of the most important races on the U.S. mountain biking calendar this year.
CHICAGO, IL (BRAIN)—The SRAM Cycling Fund will make a $200,000 donation this year to the Bikes Belong Coalition to develop an unprecedented broad-based political network of Americans who ride bikes and support government investment in bicycle facilities.
LAGUNA HILLS, CA (BRAIN)—Zipp recently launched an online tool that allows riders to customize their wheels right down to the color of each individual letter in the decal.
“They’ve probably been sold for a $10 rock of crack.”
—Peter Wicker, owner of Outback Bikes, a cycle dealer in the Atlanta area, who gave Jimmy Carter and his wife, Rosalynn, Specialized bikes in November 2007. The Carters bikes were stolen earlier this month from the Carter Center in Atlanta.
NEW YORK, NY (BRIAN)—The New York Times asks: will all the bicyclists who appeared at retailers last summer be back this summer?
Click on link for full story.
SAN DIEGO, CA (BRAIN)—Fallbrook Technologies Inc. (Fallbrook), a pioneering technology company dedicated to improving the performance and flexibility of transmissions for engine and human powered devices, has completed the first close of a $25.4 million financing round.
WASHINGTON, D.C. (BRAIN)—The Outdoor Foundation has released of the 2008 Outdoor Recreation Participation Report, the only detailed study of its kind tracking American participation trends in outdoor recreation.
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