Industry News

COLORADO SPRINGS, Colo. (BRAIN) — USA Cycling announced will hold an Inclusion Summit in Fayetteville, Arkansas. Specialized Bicycles, Canyon Bicycles, Allied Cycle Works, and Experience Fayetteville will take part.

Tagged Racing & Sponsorship

SAINT-AUGUSTIN-DE-DESMAURES, Québec (BRAIN) — Just a few months after emerging from Canada's equivalent to Chapter 11 bankruptcy, Louis Garneau Sports' president said his goal is to take the company public in two years. He's planning on e-bike sales providing a boost toward that goal.

MIAMI (BRAIN) — Global wholesale distributor JBI was back online in a limited capacity Wednesday after a ransomware attack last week shut down its website.

Tagged Distributor news
UPDATED: CEO of Arkansas-based Allied Cycle says he's disappointed in recent legislation.

BENTONVILLE, Ark. (BRAIN) — Tom Walton, an heir to the Walmart fortune, part-owner of several bike industry companies and a promoter of cycling in Arkansas, said Tuesday he supports Arkansas Gov.

Tagged DEI and Sustainability / Racing & Sponsorship
Simon Richardson.

HENLEY-ON-THE-THAMES, England (BRAIN) — Endura Sales Manager Simon Richardson was killed in a bike accident here on Sunday. He was 58.

Falcon AR46 Disc wheelset.

XIAMEN, China (BRAIN) — Carbon wheelset manufacturer Light Bicycle responded to increased demand in the past year by opening a warehouse in France, which will handle orders in the European Union.

PORTLAND, Ore. (BRAIN) — Cycling Industry Pledge enrollment has been extended to the end of the month for companies to advance diversity, equity, and inclusion.

Tagged DEI and Sustainability
Cytech owns the Elastic Interface cycling pad brand.

SAN VENDEMIANO, Italy (BRAIN) — PM&Partners SGR, an Italian private equity company, has become the majority shareholder in Cytech, the parent company of Elastic Interface and other cycling brands.

Tagged Mergers, Acquisitions & Investments

NEW YORK (BRAIN) — Peloton has completed its $420 million purchase of the Precor fitness brand from Amer Sports. Peloton said the acquisition provides U.S. manufacturing capacity, R&D resources and access to the commercial fitness equipment market.

 

Tagged Mergers, Acquisitions & Investments

Mel Pinto Imports was one of the first to introduce European race bikes, including Gitane, to the American market during the 1970s bike boom.

Updated

MIAMI (BRAIN) — JBI was the victim of a ransomware attack Thursday, shutting down the global wholesale distributor's website. Customers' personal information was unaffected because it's stored off-site.

Tagged Distributor news
Photo by Untitled Photo on Unsplash.com.

SALT LAKE CITY, Utah (BRAIN) — Utah and North Dakota became the latest states to adopt the controversial Idaho Stop law, allowing cyclists to treat a stop sign as a yield sign. 

NOVATO, Calif. (BRAIN) — Veer hopes to raise as much as $1.1 million. It will use proceeds to boost production and finalize the development of a new multi-speed belt drive.

E-bikes now represent 26% of the group's revenues.

TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19. 

Tagged Electric bike / Earnings/Financial Reports

The campaign includes special packaging and QR codes that can confirm a product is authentic.

Fruita festival riding. Photo: Mattias Fredriksson.

FRUITA, Colo. (BRAIN) — While COVID-19 precautions are relaxing in some areas, allowing some bike festivals to get back on the calendar, a lack of demo bikes might change the complexion of some events.

Tagged Consumer Expos and Rides / Sea Otter Classic / Tradeshows and conferences / The Big Gear Show

CHICAGO (BRAIN) — Organizers of the CABDA Expo announced on Friday that their 2021 expo series will be hosted as "hybrid events," with show activities taking place both in-person and virtually on the show's new online platform, CABDA Connect.

Tagged CABDA
Speakers from Thousand Helmets, Rad Power Bikes, SRAM, HED, Jenson and more highlight the event.

BOULDER, Colo. (BRAIN) — The Bicycle Leadership Conference, the PeopleForBikes-owned virtual event, has released its agenda, which includes speakers and panelists from a wide array of companies and organizations.

Tagged Bicycle Leadership Conference

Bike-share programs are poised for a post-pandemic boom, but over-saturation remains a danger.

Tagged Electric bike

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation, a protective gear maker for mountain bikers and motorcyclists, saw record revenues and earnings in its fourth quarter and for its full-year 2020.

Tagged Earnings/Financial Reports

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