Industry News
MIAMI (BRAIN) — Global wholesale distributor JBI was back online in a limited capacity Wednesday after a ransomware attack last week shut down its website.
BENTONVILLE, Ark. (BRAIN) — Tom Walton, an heir to the Walmart fortune, part-owner of several bike industry companies and a promoter of cycling in Arkansas, said Tuesday he supports Arkansas Gov.
HENLEY-ON-THE-THAMES, England (BRAIN) — Endura Sales Manager Simon Richardson was killed in a bike accident here on Sunday. He was 58.
XIAMEN, China (BRAIN) — Carbon wheelset manufacturer Light Bicycle responded to increased demand in the past year by opening a warehouse in France, which will handle orders in the European Union.
PORTLAND, Ore. (BRAIN) — Cycling Industry Pledge enrollment has been extended to the end of the month for companies to advance diversity, equity, and inclusion.
SAN VENDEMIANO, Italy (BRAIN) — PM&Partners SGR, an Italian private equity company, has become the majority shareholder in Cytech, the parent company of Elastic Interface and other cycling brands.
NEW YORK (BRAIN) — Peloton has completed its $420 million purchase of the Precor fitness brand from Amer Sports. Peloton said the acquisition provides U.S. manufacturing capacity, R&D resources and access to the commercial fitness equipment market.
Mel Pinto Imports was one of the first to introduce European race bikes, including Gitane, to the American market during the 1970s bike boom.
MIAMI (BRAIN) — JBI was the victim of a ransomware attack Thursday, shutting down the global wholesale distributor's website. Customers' personal information was unaffected because it's stored off-site.
SALT LAKE CITY, Utah (BRAIN) — Utah and North Dakota became the latest states to adopt the controversial Idaho Stop law, allowing cyclists to treat a stop sign as a yield sign.
NOVATO, Calif. (BRAIN) — Veer hopes to raise as much as $1.1 million. It will use proceeds to boost production and finalize the development of a new multi-speed belt drive.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19.
The campaign includes special packaging and QR codes that can confirm a product is authentic.
FRUITA, Colo. (BRAIN) — While COVID-19 precautions are relaxing in some areas, allowing some bike festivals to get back on the calendar, a lack of demo bikes might change the complexion of some events.
CHICAGO (BRAIN) — Organizers of the CABDA Expo announced on Friday that their 2021 expo series will be hosted as "hybrid events," with show activities taking place both in-person and virtually on the show's new online platform, CABDA Connect.
BOULDER, Colo. (BRAIN) — The Bicycle Leadership Conference, the PeopleForBikes-owned virtual event, has released its agenda, which includes speakers and panelists from a wide array of companies and organizations.
Bike-share programs are poised for a post-pandemic boom, but over-saturation remains a danger.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation, a protective gear maker for mountain bikers and motorcyclists, saw record revenues and earnings in its fourth quarter and for its full-year 2020.
OLYMPIA, Wash. (BRAIN) — A Washington state Senate committee is holding a hearing Tuesday on a bill that would exempt e-bikes from the state's 6.5% sales tax.
The legislation is one of several e-bike subsidies being deliberated by state and federal lawmakers this year.
CHICAGO (BRAIN) — SRAM Inc. is suing Princeton Carbon Works, Inc. for patent infringement. SRAM says that the wavy rim shape on Princeton's carbon road wheels infringes on its patent for a rim shape inspired in part by a humpback whale flipper.
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