Industry News
The French company may be the last remaining independent tubular maker.
BOULDER, Colo. (BRAIN) — Outside, the fast-growing media company that is parent to Bicycle Retailer and an array of outdoor sports media titles, is bolstering its presence in cycling by announcing the acquisition of Canada-based Pinkbike; Pinkbike's mountain bike mapping app, TrailForks; and CyclingTips, which Pinkbike acquired in 2019.
SAINT-AUGUSTIN-DE-DESMAURES, Québec (BRAIN) — Louis Garneau Sports Group expanded into Europe this month with the opening of a distribution center in Toulouse, France.
BRESCIA, Italy (BRAIN) — Italian consumer-direct cycling apparel brand La Passione has raised 7 million euros ($8.3 million) from a group of investors, including some of its existing investors, new investment funds and "business angels." The amount will be invested over four years.
EVERETT, Wash. (BRAIN) — Like all bike companies, Rad Power has struggled to deliver enough bikes to meet demand for the last year and a half. But the Seattle-based consumer-direct powerhouse recently trimmed weeks off the transit time for its e-bikes by using an alternative seaport.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: How have you differentiated your shop, and what are your best business practices?
OSAKA, Japan (BRAIN) — An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year.
BOULDER, Colo. (BRAIN) — A study measuring how well bicycling infrastructure advanced transportation alternatives across socioeconomic and demographic groups will help guide cities building equitable infrastructure, according to the Better Bike Share Partnership.
MILAN, Italy (BRAIN) — Asobi Ventures Inc. acquired a majority share of Gruppo Srl, the parent company of bike brand Cinelli and tube manufacturer Columbus. The companies did not disclose transaction terms.
LONDON (BRAIN) — Global private equity firm Rhône announced Wednesday it will make a "significant" equity investment in Wahoo Fitness. The transaction is expected to be completed in the third quarter. Additional financial terms were not disclosed.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products will be the sole distributor of Benno bicycles, parts and accessories to specialty bicycle retailers in the U.S. beginning with the brand's model year 2022.
SALT LAKE CITY (BRAIN) — Italy's Extreme Racing Shox has a new U.S. distribution arm called EXT USA, which is being led by longtime suspension tuner Cody Priano.
Priano, the CEO of EXT USA, also owns Suspension Syndicate, a suspension tuning company based in Salt Lake City.
WASHINGTON (BRAIN) — A National Park Service memorandum Wednesday recommended parks that allow e-bikes the same access as traditional bikes to review that decision, citing ongoing litigation contesting the legality of a 2020 policy change.
WATERLOO, Wis. (BRAIN) — Trek Bicycle announced its first-year results from incorporating lower-impact and recyclable materials in its bike packaging. Targeting plastic waste, Trek said it removed 433,600 pounds of plastic from bike boxes and Bontrager accessory packaging.
CHICAGO (BRAIN) — CABDA will hold an Industry Summit at Disney World in Florida this November, resuming plans for the inaugural event that was canceled due to COVID-19 last year.
The Summit will be Nov. 1-2.
MUNICH, Germany (BRAIN) — IAA Mobility, a conference planned for September in Munich, has confirmed several new brand participants, including SRAM, Schwalbe, Supernova, ABUS, EVOC and others.
BENTONVILLE, Ark. (BRAIN) — Organizers of the Cycle of Influence summit, planned for Bentonville Oct. 13-15, have announced participants in its industry panel discussion.
VANCOUVER, British Columbia (BRAIN) — Mobile service franchiser Velofix is now providing an assembly and delivery program for QuietKat, the Colorado-based e-bike brand that was recently acquired by Vista Outdoor.
SAN FRANCISCO (BRAIN) — E-commerce company Ridepanda announced it received a combined $3.75 million in financing from investors to help meet demand for its electric vehicles, which include e-bikes.
FRIEDRICHSHAFEN, Germany (BRAIN) — The Eurobike expo will move from its longtime home in this small city on Lake Constance to the major hub of Frankfurt for 2022.
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