Industry News

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AMES, Iowa (BRAIN) — Austria’s Head Sport GmbH assigned its North American licensing and distribution agreement for bikes and accessories to Cycle Force Group.

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported record fourth-quarter and full-year revenue gains of more than 80% year-over-year despite what it said were challenging global supply-chain conditions.

Tagged Earnings/Financial Reports

BERLIN (BRAIN) — Signa Sports United has taken a stake in Buzzbike, a U.K.-based bike subscription service. The company said the deal will enable Buzzbike to expand into U.S. and European cities, starting with a planned community in Florida.

CHICAGO (BRAIN) — SRAM is acquiring the cycling apparel brand Velocio, according to Velocio's owners.

The purchase closed on March 3 and was announced publicly on Wednesday, Andrew Gardner, Velocio's chief marketing officer, told BRAIN and VeloNews.

Tagged Mergers, Acquisitions & Investments

DENVER (BRAIN) — The founder of the Colorado Classic, a women's-only road stage race, is announcing a request for funding to relaunch the event last held in 2019. 

Tagged Racing & Sponsorship

VISTA, Calif. (BRAIN) — Friends have launched a Gofundme campaign to help support the young family of 25-year industry veteran James Winchester.

So far, more than 800 retailers are participating.

BOULDER, Colo. (BRAIN) — The industry-wide U.S. e-bike battery recycling program officially began Tuesday with more than 800 retailers trained and equipped to handle expired or damaged packs returned to shops.

Tagged DEI and Sustainability / Electric bike

TEL AVIV (BRAIN) — Dmitry Nechaev, the owner of Sochi, Russia-based Triton Bikes, is asking industry suppliers and customers to continue to do business with his company, which he is planning to re-establish outside of Russia.

Fall events in Moab and Bentonville still on the calendar.

MOAB, Utah (BRAIN) — Western Spirit Cycling, the producer of Outerbike, is postponing three summer events due to a shortage of demo bikes. The company also announced an expanded expo format at its two remaining planned 2022 events, in Bentonville, Arkansas and Moab.

Tagged Consumer Expos and Rides

NEW YORK (BRAIN) — Signa Sports United, the publicly traded parent of Wiggle CRC and other e-commerce sites, reported a net sales increase of 11% in its first quarter. But it says the increase would have been higher if not for the shortage of complete bikes available in the quarter.

Tagged Earnings/Financial Reports

(VELONEWS) — Look Cycle has immediately ended its association with the Gazprom-RusVelo team as a result of Russia's invasion of Ukraine.

TUCSON, Ariz. (BRAIN) — The Bicycle Tourism Network's board has decided to cancel its planned 2022 and 2023 Bicycle Tourism Conference events and to "postpone indefinitely" holding any future conferences.

Tagged National Bicycle Tourism Conference

HOYA, Germany (BRAIN) — Hermann Hartje KG announced Tuesday it has expanded its Mavic distribution to Sweden. This comes a year after it expanded into Denmark and the Benelux countries.

Tagged Distributor news

WESTPORT, Conn. (BRAIN) — Compass Diversified, the parent of BOA Technologies and Lizard Skins, among other brands, is reporting record fourth quarter and annual sales figures. The company's Q4 sales were $536.6 million and full-year 2021 revenues were $1.842 billion.

Tagged Earnings/Financial Reports

DENVER (BRAIN) — Alchemy Bikes reported the theft of two high-end bikes from its showroom here that are collectively valued at $20,500.

KENT, United Kingdom (BRAIN) — Brompton announced plans Friday for a new global headquarters to be completed in 2027 in the town of Ashford in Kent as the UK's largest bike manufacturer aims to produce more than 200,000 bikes yearly.

Tagged DEI and Sustainability

DULUTH, Ga. (BRAIN) — Fox Factory executives said all orders for its OE bike products are pre-booked for 2022 and they expect no letup in demand until next year or beyond.

Fox announced Thursday that its revenues last year hit $1.3 billion, a company record and a 45.9% increase over its 2020 sales.

Tagged Supply chain / Earnings/Financial Reports
The building during its Gem City Ice Cream era.

DAYTON, Ohio (BRAIN) — When Matthew Tepper enters Dayton’s West Third Street Historic District, he looks for a two-story brick building as a waypoint. If it’s demolished, he says, its absence would completely alter the neighborhood’s cornerstone and historical context.

We want to include your Sea Otter activations in the official festival guide.

BOULDER, Colo. (BRAIN) — Bicycle Retailer & Industry News is once again preparing the official event guide for the Sea Otter Classic. The Guide is a consumer-facing publication distributed at the festival and shared digitally with BRAIN subscribers and the readers of Outside's other cycling titles.

Tagged BRAIN News / Sea Otter Classic

SEATTLE (BRAIN) — The King County Board of Health repealed a 29-year-old mandatory bike helmet law Thursday, citing evidence of racial and anti-homeless bias in its enforcement.

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