Industry News
LOS ANGELES (BRAIN) — The venture capital conglomerate Rokit Made is entering e-bike manufacturing.
WEST CONSHOHOCKEN, Pa. (BRAIN) — Industry veterans Steve Harad and Andy Shaub are heading up a new North American office for Promovec, a Danish company that makes e-bikes, motors and conversion kits for the consumer and OE markets.
MORGAN HILL, Calif. (BRAIN) — Bikes valued at more than $160,000 were taken from the company's headquarters during a weekend daytime break-in and robbery.
COTATI, Calif. (BRAIN) — Yuba Bicycles has hired industry veteran Pat Cunnane to serve as president of its North American operations and COO of its global business.
MARSHALL, Texas (BRAIN) — Mad Dogg Athletics Inc., one of the pioneers in studio cycling, is suing Peloton for patent infringement. Mad Dogg says Peloton infringes on two of its patents on electronic stationary bikes.
BOULDER, Colo. (BRAIN) — Walmart has joined the PeopleForBikes Coalition and its executive vice president, Daniel Trujillo, will join the coalition's board of directors.
BRUSSELS (BRAIN) — Groupe Bruxelles Lambert, a Belgium-based investment group, has agreed to acquire a majority share in Canyon Bicycles. GBL was joined by Tony Fadell, a former senior vice president of Apple's iPod division and co-developer of the iPod. Roman Arnold remains the largest individual shareholder in Canyon, with 40% of its shares.
SAN DIEGO, Calif. (BRAIN) — Knolly Bikes Inc., a bike manufacturer based in Burnaby, British Columbia, is suing Intense Cycles, Inc. for alleged patent infringement involving a rear suspension design.
LONDON (BRAIN) — Besides the 25% tariff the European Union imposed on U.S. bike frame imports last month, which BRAIN wrote about last week, stationary bike trainers also got hit with the duty.
SALT LAKE CITY, Utah (BRAIN) — Fit Kit Systems is now distributing cleat shims and wedges and in-shoe wedges from UK-based Form Bikefit.
SUNNYVALE, Calif. (BRAIN) — Ducati e-bikes, previously available only in Europe, will be available this month at Ducati motorcycles dealerships in the U.S., the company announced Wednesday.
WASHINGTON (BRAIN) — U.S. bike imports through October were up 19% in units over a year ago, according to new U.S. Commerce Department trade statistics.
SAINT-AUGUSTIN-de-DESMAURES, Québec (BRAIN) — Louis Garneau Sports Group, which requested creditor protection in March, plans to relaunch following an investment from a Montréal investment firm and support from a program created to help attract and retain businesses in Québec.
WASHINGTON (BRAIN) — Bicycle access to federally designated Wilderness areas received a boost recently when the U.S. Forest Service and the Department of Interior supported the bill in the Senate.
With the announcement of Eurobike's 2021 show dates, the 2021 calendar is starting to take shape, although there are still a few question marks. Here's the calendar of major trade events (and a few key consumer events):
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike, which did not hold an in-person 2020 show, has announced that its 2021 show will be Sept. 1-4. It will also hold a trade media event in July in Frankfurt.
JAMAICA PLAIN, Mass. (BRAIN) — Revolution Bicycle Repair, the smallest shop in this Boston neighborhood, received one of the smallest Paycheck Protection Program loans made to a bike company this year: just $1,700.
ASHEVILLE, N.C. (BRAIN) — Shanna Powell considers herself a bicycle unicorn "in cat ears and butterfly wings." She's also something even more rare: a woman entrepreneur in the bicycle industry.
MONTRÉAL (BRAIN) — Dorel Industries a special, virtual, meeting of Dorel shareholders on Jan. 12. Shareholders will be asked to adopt a special resolution approving an offer to take the company private.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products announced Thursday that it has acquired the BikeFit brand, which sells bike fitting tools, education services and apps.
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