Industry News
TWICKENHAM, United Kingdom (BRAIN) — Folding bike brand Brompton Bicycle Limited recorded a 5.3% decline in revenues in the 12-month period that ended March 31, 2024, according to filings made in the U.K. recently.
MIAMI (BRAIN) — Randy Ross, the former CEO of Ross Bicycles and a member of one of the first families of the U.S. bicycle industry, died suddenly on Christmas day while celebrating the holiday with family. He was 67.
PROVIDENCE, R.I. (BRAIN) — Revelyst, the former Vista Outdoor business unit that includes its bicycle-related brands, has been sold to Strategic Value Partners, LLC and its affiliates in an all-cash transaction based on an enterprise value of $1.125 billion.
HEERENVEEN, Netherlands (BRAIN) — Following a recapitalization agreement in October and a 390 million euro loss in 2023, Accell Group's CEO said the company's recovery is on the way.
FAIRFAX, Calif. (BRAIN) — A woman has filed a class-action lawsuit against manufacturer Super73 for selling e-bikes that can exceed the maximum speed allowance for a micromobility device.
BOULDER, Colo. (BRAIN) — Trek Bicycle's leaked news about "right-sizing" in March, and Kona Bicycles' sudden "pause" at the Sea Otter Classic, followed by the brand's rebirth with its founders, were the most-read industry stories in 2024.
RICHMOND, Calif. (BRAIN) — Noted framebuilder Ed Litton died on Dec. 16 following a bike accident near his shop two weeks earlier.
TAIPEI (BRAIN) — Giant Group announced its current chairperson, Bonnie Tu, will retire from her position, with current CEO Young Liu appointed as the new chairman, and current Chief Branding Officer Phoebe Liu promoted to CEO. These changes will take effect January 1.
WASHINGTON (BRAIN) — After initially being included in the government funding bill, the Setting Consumer Standards for Lithium-Ion Batteries Act was removed as Congress reached a compromise in time to prevent a government shutdown.
WASHINGTON (BRAIN) — The Senate unanimously passed the Expanding Public Lands Outdoor Recreation Experiences (EXPLORE) Act that has long been supported by bike and outdoor groups to create more trails, fund parks and green spaces, and other initiatives.
SAINT-GEORGES, Quebec (BRAIN) — Rocky Mountain announced plans to restructure its finances to avoid declaring bankruptcy but said it will continue operating normally.
WASHINGTON (BRAIN) — Legislation intended to keep the government funded until the spring gives the Consumer Product Safety Commission authority to adopt mandatory UL safety standards.
WHISTLER, British Columbia (BRAIN) — Canadian mountain bike parts manufacturer North Shore Billet announced its cranks are now being distributed by Vapor Propulsion Labs.
BIELLA, Italy (BRAIN) — Selle Italia has acquired a fellow Italian cycling brand with a long history: Vittoria Cycling Shoes.
ALISO VIEJO, Calif. (BRAIN) — GT Bicycles, which separated from Cycling Sports Group/Cannondale to a stand-alone Pon Holdings brand last year with its own design team, will pause releasing new products while streamlining operations.
BOULDER, Colo. (BRAIN) — For our December magazine edition, we asked our State of Retail panel members: How relevant are in-person trade shows, seminars, and dealer events? Which events do you think you might attend in 2025?
NEW YORK (BRAIN) — The City Council discussed on Wednesday a proposed law requiring all e-bikes and e-scooters to be licensed and registered with the Department of Transportation to crack down on dangerous riding in the city that led to a pedestrian's death last year.
(VELO) — Cycling legend Eddy Merckx, often regarded as the greatest cyclist of all time, is recovering in a hospital after suffering a broken hip in a bike crash. The accident occurred near Merckx’s home in Belgium, where he was riding with friends on a regular group outing.
SALT LAKE CITY (BRAIN) — Rhino-Rack, a division of Clarus Corporation has acquired Colorado's RockyMounts, which specializes in bike racks and accessories.
ANOKA, Minn. (BRAIN) — Vista Outdoor took a major step closer to selling its Revelyst business — including bike industry brands Bell, Giro, Camelbak and Fox Racing — to Strategic Value Partners for $1.125 billion next month.
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