Industry News

TAICHUNG, Taiwan (BRAIN)  —Giant Manufacturing, closing its books on 2017, posted revenue for the year of $1.9 billion, a 3.5 percent decline from 2016.

OSAKA, Japan (BRAIN) — Shimano Inc. has issued a public apology after a fire at its factory in Sakai, Japan, on Monday.

According to the company, the fire was in a surface treatment area and workers were evacuated.

The Renovo Aerowood

PORTLAND, Ore. (BRAIN) — Al Spinks' investment in Renovo Bikes is helping the wooden frame maker double its production capacity and transition from custom to production frames. 

Tagged People

LAKE OSWEGO, Ore. (BRAIN) — Yakima is expanding its retail training program, which includes hands-on training at clinics and events across the country, and online training through the Yakima Garage and Brandlive platforms.

SANTA MONICA, Calif. (BRAIN) — Spinlister, which launched as a peer-to-peer bike rental program (short-handed as "Airbnb for bikes") and went on to offer a dockless bike share program and bike rental and demo management software for bike shops, is shutting down.

WASHINGTON (BRAIN) — The $1.2 trillion omnibus spending package that President Donald Trump signed Friday contained some good news for bike advocates, despite their concerns that Trump's proposed budget would gut some of the programs.

GOLDEN, Colo. (BRAIN) — Andorran consumer direct mountain bike brand Commencal is moving its U.S. office to Colorado, after three years in Carlsbad, California.

UPDATED: Ofo says it voluntarily withdrew from NABSA.

TALLAHASSEE, Fla. (BRAIN) — The North American Bikeshare Association has expelled Ofo US Limited from its membership. The company is the U.S. operation of China's Ofo, one of the world's largest dockless bike share companies.

Tagged Bikeshare
Hawley-Lambert will distribute Promovec-made e-bikes in North America under the EVO brand.
The EVO Bushwick is available in a step-thru and standard frame.

LEVIS, Québec and LEXINGTON, S.C. (BRAIN) — Hawley-Lambert has reach an agreement with Promovec, a Danish e-bike brand, to distribute Promovec-made e-bikes in the U.S.

Tagged Electric bike

MONTRÉAL (BRAIN) — The liquidation of Toys "R" Us has forced Dorel Industries to issue a new audited financial report, now showing a charge of $3.8 million due to the toy store chain's closure. $3.1 million of the charge is from Dorel Sports, which includes bicycle sales.

Tagged Earnings/Financial Reports

WASHINTON, D.C. (BRAIN) — President Trump announced Thursday he was beginning to take steps toward imposing tariffs on up to $60 billion of Chinese imports. The move is motivated by the administration's belief that China has a history of forcing U.S.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — The third episode of Interbike's podcast is looking at recent growth in the BMX category.

ST. LAURENT, Quebec (BRAIN) — Outdoor Gear Canada's BMX division, OGCBMX, has been appointed the exclusive Canadian distributor of Cinema. OGCBMX has received inventory and is ready to start delivering to dealers immediately.

Tagged Distributor news

MOUNT PROSPECT, Ill. (BRAIN) — Early figures from the 2018 edition of the National Sporting Goods Association's Sports Participation in the U.S. report shows participation in the study's "Wheel Sports" category, which includes cycling, remains flat, up just 0.1 percent over the prior year.

TAMPA, Fla. (BRAIN) — Ironman has developed a new brand that it says extends the Ironman brand to a wider audience: Ironsport. The company, now owned by Wanda Sports Holdings, plans to license Ironsport to "best-in-class partners from apparel to healthy food alternatives and beyond."

Look, Volvo, SRAM and Thule are title sponsors of Butch Balzano's 2018 race support program.

REHOBOTH, Mass. (BRAIN) — LOOK Cycle is a new co-title sponsor of NRS & Events, an event support program that provide technical support at races and other events, as well as custom events at Look's retailers. The program is run by longtime race support organizer Butch Balzano.

PETALUMA, Calif. (BRAIN) — The clothing brand Kitsbow has announced its inaugural Trail Advocate Program and its first Trail Advocate of the Year recipients: Joe Lopresti (Homer Glen, Illinois), Tim Kugler (Gunnison, Colorado) and Erik Mickelson (Northvale, New Jersey).

SANTA CLARITA, Calif. (BRAIN) — WD-40 Bike has launched a sweepstakes promotion that will award a custom painted Squid Bikes Shred to Ed's model to a lucky winner, as well as another bike to the winner's chosen bike shop.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — The redesigned Interbike Innovation Awards submission period is now open for exhibitors in the product categories.

Tagged Awards / Interbike / Interbike Awards
Pentland owns brands including Speedo, Mitre, Canterbury and Berghaus.

LIVINGSTON, U.K. (BRAIN) — Endura has been acquired by Pentland Brands Limited, the British family-owned business behind global brand names such as Speedo, Mitre, Canterbury and Berghaus.

Tagged Mergers & Acquisitions

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