Industry News
WHISTLER, British Columbia (BRAIN) — RideWrap, a Whistler-based brand, is perhaps the bike industry's best example of a company manufacturing close to market.
PRAGUE (BRAIN) — The Pale Fire Capital investment group has invested $6 million in VirtualTraining, a Czech company behind the ROUVY indoor cycling and running software application.
BOULDER, Colo. (BRAIN) — Tim Patterson, the President and Chairman of the Board of Project Bike Tech, passed away on July 12, 2021. He was 66 years old.
TAIPEI, Taiwan (BRAIN) — Exhibitor registration has opened for next March's TAIPEI CYCLE show, which will include virtual and in-person elements. The last two TAIPEI CYCLES were held virtually only because of COVID-19.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: Tell us about trainer and indoor cycling accessory sales in your store.
DRESDEN, Germany (BRAIN) — E-commerce retailer Bike24, which joined the Frankfurt stock exchange after an IPO in June, is reporting that its sales were up
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported second-quarter revenue increased 106% and net income 257% year-over-year, the fourth consecutive quarter of record-breaking growth for the protective gear manufacturer.
FORT MYERS, Fla. (BRAIN) — A man with a lengthy criminal past was sentenced to six years in prison after being arrested for stealing a bike from a Lee County retailer and selling it to a pawn shop.
LONDON (BRAIN) — Rapha is closing its custom apparel program after three years and indicated that several positions will be terminated, according to a report on CyclingTips.com.
FORT COLLINS, Colo. (BRAIN) — Industry veteran George Parry died at age 58 on Aug. 2. Parry had been Niner Bikes' engineering and production manager since 2010 but had worked in the bike industry since 1987 when he was hired as a mechanic at Fort Collins' Lee's Cyclery.
AMSTERDAM (BRAIN) — E-bike brand VanMoof produced its first U.S. television ad to demonstrate the joy and ease of commuting in congested big cities.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory's sales in its Speciality Sports Group, its bicycle-product division, were up 64% in the second fiscal quarter and 73% for the first half, compared to the same periods last year.
COLORADO SPRINGS, Colo. (BRAIN) — USA Cycling reports race participation in national championship events mirrors the current cycling boom with mountain bike nationals participation up nearly 11% over 2019, the last full-event year before the COVID-19 pandemic.
ASHEVILLE, N.C. (BRAIN) — Kitzuma Cycling Logistics announced the closing of a first round of funding with the goal of expanding its door-to-door bike shipping business.
TAICHUNG, Taiwan (BRAIN) — Giant Group set a new second-quarter record for net sales and earnings per share as global demand for its bikes and e-bikes remained strong. Sales of e-bikes, both under its own brand and for its OE customers, accounted for 30% of Giant's sales in the first half.
MONTRÉAL (BRAIN) — Dorel Sports — the Dorel Industries division that includes its bicycle businesses — recorded an 11% sales increase in its second fiscal quarter this year, compared to the same quarter last year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue increased 86% year-over-year led by a 48% jump in online revenue.
FRANKFURT (BRAIN) — Ardian Expansion will become investors in the direct-to-consumer mountain bike brand YT Industries. Financial terms were not disclosed.
PITTSBURGH (BRAIN) — By 2025, Dick's Sporting Goods wants to increase BIPOC representation in leadership by 30% and increase women store leadership by 40%, according to its annual report on DEI initiatives, sustainability, and community outreach.
Life Time is best known in the cycling industry for its ownership of the Leadville 100, UNBOUND Gravel, Crusher in the Tushar and the Chequamegon MTB Festival among other events.
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