Industry News
MATTIGHOFEN, Austria (BRAIN) — After entering the European e-bike market, motorbike giant Pierer Mobility AG, the parent of KTM Motorbike, Husqvarna Motorbikes, GasGas Motorbikes and WP Suspension, seems to smell further sales opportunities.
SANTA FE, N.M. (BRAIN) — Bicycle Technologies International has recently restructured as an Employee Ownership Trust, which co-founder and president Preston Martin said benefits employees and gives them more voice in strategic decision making.
IRVINE, Calif. (BRAIN) — Super73, which sells high-powered, fat-tired throttle e-bikes online, has closed on a $20 million investment round from Volition Capital, a Boston equity firm. The funding comes two weeks after Rad Power Bikes announced a $150 million investment.
OLATHE, Kan. (BRAIN) — Garmin Ltd.’s growth was partly led by gains in the fitness segment, which includes cycling products.
CHARLESTON, S.C. — Daniel Einhorn always knew there was a better way to do business in the bicycle industry. As a self-proclaimed outsider out of college, he owned a large retail bike store for the past decade and learned some harsh truths.
BURIEN, Wash. (BRAIN) — Lance Bohlen, one of the industry's most accomplished and knowledgeable veterans, died Tuesday after an almost eight-year battle with lung cancer.
NEWARK, Del. (BRAIN) — Gore Wear said it is taking a new approach to wholesale distribution in North America and will focus its product portfolio more on cycling apparel. Gore said it will focus on sales to a few key retailers and rely on Quality Bicycle Products for distribution to the IBD channel.
MONTREAL (BRAIN) — Dorel Industries Inc. has terminated a proposed transaction that would have taken the company off the stock exchange. The termination comes just a day before shareholders were set to vote on accepting the deal.
CHICAGO (VELONEWS) — During the first week of February, SRAM removed all PowerTap power meters for sale from its website without fanfare.
WASHINGTON (BRAIN) — A proposed e-bike tax credit is not the only industry-friendly legislation being considered by Congress this year. A revamped Bicycle Commuter Act would allow employers to reimburse bike commuters nearly $1,000 a year pre-tax.
DAYTONA BEACH, Fla. (BRAIN) — Huffy Corp. is sponsoring NASCAR driver Chase Briscoe during his rookie season that begins Sunday in the Daytona 500.
STOCKHOLM (BRAIN) — MIPS’ fourth-quarter net sales increased 60% year-over-year with demand for bicycle helmets continuing in lockstep with the demand for bikes during the COVID-19 pandemic.
STOCKHOLM (BRAIN) — Thule Group’s net sales for the fourth quarter increased 33% year-over-year, helping the sport and cargo carrier manufacturer see an 11% net sales gain for 2020.
WASHINGTON (BRAIN) — A bill introduced Tuesday in the U.S. House of Representatives would give a refundable tax credit of up to $1,500 on the purchase of a new e-bike.
LITTLE ROCK, Ark. (BRAIN) — The Rossignol Group has sold Time Sport's frame and bike business to the Cardinal Cycling Group, whose partners include French engineer Martial Trigeaud and American Tony Karklins, who is the founder of Allied Cycle Works and the former managing director of Orbea USA.
OSAKA, Japan (BRAIN) — Shimano Inc. cut water use at its factories by about 7% last year, continuing a trend that began at least four years ago. The company also announced an action plan to reduce the use of disposable plastic in containers and packaging materials for its products.
TOKYO (BRAIN) — After a rocky start, Shimano managed a 2.7% increase in revenues last year in its bike division, and an 18% increase in operating income in its bike business.
The international digital marketplace for cycling products has completed its initial public offering and will now be listed on the Australian Securities Exchange. The company raised AU$20 million ($15.3 million) in the IPO.
(BRAIN) — A C-student in whatever class comes before Economics 101 could predict price increases in the industry in 2020, given the imbalance between supply and demand. And 2021 will likely see retail prices go up another 10-25%, experts say.
TAIPEI, Taiwan (BRAIN) — Organizers of the Taipei Cycle show have postponed the 2021 edition, which had been scheduled for March 3-6. They did not announce new dates for the show.
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