Industry News
MONTRÉAL (BRAIN) — Race Inc., a brand that dates to the early days of BMX, has a new owner who plans to return it to prominence in the sport.
FRAMINGHAM, Mass. (BRAIN) — In the middle of a national discussion about the role of police departments in systemic racism, Brandale Randolph, a Black entrepreneur and activist, is raising money to manufacture high-tech police bikes in the United States.
STOCKHOLM (BRAIN) — MIPS' net sales dipped 20% in the second quarter with the losses blamed on the COVID-19 pandemic and subsequent stay-at-home orders.
WASHINGTON (BRAIN) — The House of Representatives on Wednesday passed the Great American Outdoors Act that will provide millions of dollars annually for trail maintenance and creation on federal lands.
SANTA CRUZ, Calif. (BRAIN) — As the industry debates whether the pandemic-driven bike boom will end with a bust as supply dwindles, or reset as the new normal for years, consider one key difference between this boom and the early 1970s edition: This time we have e-bikes.
GRENOBLE, France (BRAIN) — The French investment group Bourrelier, the former owner of the Bricorama home improvement retail chain, appears to be set to take over Mavic, which is in receivership.
STOCKHOLM (BRAIN) — Thule Group sales dropped another 11.6% in the second quarter as the COVID-19 pandemic continued to hurt the sport and cargo carrier manufacturer.
GRENOBLE, France (BRAIN) — Fox Factory has removed itself from the bidding to acquire Mavic SAS, which is in receivership in France. However, about 13 other groups, including several with ties to the bike industry, have expressed interest in the company.
VANCOUVER, British Columbia (BRAIN) — If you have some time on your hands while sheltering in place (and perhaps a small machine shop and a supply of steel tubing in your shelter), this might be the time to brush up on your framebuilding skills.
OAK RIDGE, Tenn. (BRAIN) — LeMond Bicycles LLC recently raised a bit over $2 million in a private placement investment, possibly bringing the company closer to launching a bike line using technology developed by Greg LeMond's other business, LeMond Carbon.
WASHINGTON (BRAIN) — The way Dave Wiens sees it, the Great American Outdoors Act could be the last chance to secure more trail funding for years to come.
BOULDER, Colo. (BRAIN) — Cateye America is ending dealer-direct sales and focusing on sales through its U.S. distributors, JBI Importers and QBP.
GOLDEN, Colo. (BRAIN) — Yeti Cycles has decided to stop using the word 'tribe' to refer to owner community. The company said it learned that the term can be offensive.
BREMBATE, Italy (BRAIN) — The owners of Vittoria Group, including founder and president Rudie Campagne, have sold the tire maker to Wise Equity, an Italian group.
WASHINGTON (BRAIN) — As the lone representative of not only the cycling industry but the entire outdoor industry, David Billstrom admitted to feeling some pressure addressing Congress on July 2.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products is now selling its house brand Teravail tires direct to consumers via the brand's website, and sharing some revenue from each sale with nearby dealers who are enrolled in its Dealer Choice program for Teravail.
MORGAN HILL, Calif. (BRAIN) — Specialized has told its dealers that it will begin sales of equipment, but not bikes or frames, through Backcountry.com and its cycling-specific site, CompetitiveCyclist.com.
AUSTIN, Texas (BRAIN) — Bike shops, suppliers and nonprofits across the industry — along with thousands of employees — have benefitted from the Paycheck Protection Program, which provides forgivable loans for organizations that maintain payroll during the COVID-19 pandemic.
The list of about 1,500 retailers, suppliers, nonprofits and other industry companies that received federal Paycheck Protection Program loans.
OSAKA, Japan (BRAIN) — Shimano's chairman emeritus and former chairman Yoshizo Shimano died of chronic heart failure at 85 on July 3.
"The contributions he made to Shimano's business cannot be measured and his impact will be felt forever," the company said.
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