Industry News
LINDON, Utah (BRAIN) — Consumer direct brand Fezzari is shortening its brand name, rebranding as simply Ari effective Tuesday.
TAIPEI, Taiwan (BRAIN) — Taipei Cycle presented its 12th annual d&i awards Tuesday with seven products earning Gold status, but with sustainability an emerging topic in the industry and at the news conference, perhaps the most intriguing was the Green Prize winner.
OBERWANGEN, Switzerland (BRAIN) — E-bike brand myStromer AG said it achieved "sustainable" growth last year of more than 10%. The privately held company did not release financial details.
(BRAIN) — Gravel event series Grinduro is offering free event entries to members of the bike industry who have been recently laid off.
NEW YORK (BRAIN) Vista Outdoor Inc.'s board has rejected an unsolicited acquisition offer made last month by MNC Capital. The offer was to buy the company for $35 per share, a 17% premium over Vista Outdoor's current stock price, worth about $2.9 billion.
TAIPEI, Taiwan (BRAIN) — Taipei Cycle show begins Wednesday with 950 exhibitors — 100 more than last year when the island reopened to unrestricted international travel — spread over 3,500 booths.
AMES, Iowa (BRAIN) — Messingschlager USA told customers on Friday that HLC is taking over distribution for its brands in the U.S.
This article first ran in the February 2024 issue of BRAIN.
WAIKITE VALLEY, New Zealand (BRAIN) — While working as customer service manager for MTBDirect, an Australia-based e-commerce site, Lyndal Bailey heard one question repeatedly:
CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the fitness center company that also owns some bike events including the Sea Otter Classic, Unbound Gravel and Leadville 100 races, reported 2023 full-year revenues were up 21.6% from the prior year, to $2.2 billion.
NEW YORK (BRAIN) — The first of five public outdoor lithium-ion battery charging stations opened Thursday, part of a six-month pilot program aimed at preventing residential battery fires.
FRANKFURT (BRAIN) — Eurobike organizer fairnamic GmbH has set the date for next year's show: Eurobike 2025 will be held June 25-29.
LOS ANGELES (BRAIN) — Cycling and outdoor apparel brand swrve plans to close after 20 years in business, citing escalating operating costs. While no more orders will be placed, swrve will continue operations to sell off inventory in the coming months.
AMSTERDAM (BRAIN) — VanMoof is providing access to repair manuals, guides, and technical drawings for e-bikes released in 2018 and earlier, materials that were previously accessible only to certified shops.
(BRAIN) — Fox Factory revenues in its Speciality Sports Group, which includes its bike-related brands, were down 43% in the company’s 2023 fiscal year, a decline the company attributed to “channel inventory recalibration” and “lower end consumer demand.”
MARIN, Calif. (BRAIN) — Mountain Bike Hall of Famers Charlie Cunningham and Jacquie Phelan are selling Cunningham’s customized and refurbished Phil Wood & Co. spoke threading machine to support his ongoing care following a bike accident almost nine years ago.
PHILADELPHIA (BRAIN) — A settlement was reached Friday in State Farm Insurance Company's civil action lawsuit against Rad Power Bikes on behalf of an insured homeowner client who suffered property damage after his e-bike caught fire.
OLATHE, Kan. (BRAIN) — Garmin Ltd. posted record revenue for 2023, while fourth-quarter revenue increased 13% year-over-year boosted by the Fitness segment.
ALISO VIEJO, Calif. (BRAIN) — GT Bicycles is amid a transformation back to its IBD and off-road roots, the company says, and longtime industry pro Jason Schiers has had a lot to say about it.
UTRECHT, Netherlands (BRAIN) — The Dutch Food and Consumer Product Safety Authority told the Accell Group cargo brand Babboe to stop selling its bikes for not investigating a series of reported broken frames as required by law.
NEWARK, N.J. (BRAIN) — Samuel Mancini, who pleaded guilty nearly two years ago to securities fraud in connection to a failed plan to buy up several legacy Italian cycling brands, is now asking the court to schedule his sentencing hearing.
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