News
TAIPEI, Taiwan (BRAIN) — Giant Group has made a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.
SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.
SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.
PORTLAND, Ore. (BRAIN) — Organizers of MADE, a new handmade bike show scheduled for August in Portland, have opened up registration and appointed industry veteran Steven Elmes as show director.
NEW YORK (BRAIN) — A New York City council member introduced legislation a week ago to ban e-bikes and e-scooters until they can be made safer and called for them to be treated like motor vehicles.
BOULDER, Colo. (BRAIN) — PeopleForBikes has announced speakers for its Bicycle Leadership Conference, to be held March 14-16 in Dana Point, California.
ANOKA, Minn. (BRAIN) — Vista Outdoor announced internally on Tuesday that it has realigned management of its cycling, snow and powersports brands that make up its Action Sports business unit.
SAN FRANCISCO (BRAIN) — Strava has acquired Fatmap, a company whose 3D-map mobile app is targeted at outdoor enthusiasts including climbers and mountaineers. Strava said it will use the Fatmap technology to add 3D mapping to its cycling/running app. Premium members of Strava will gain access to Fatmap.
LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has made its second round of layoffs in the past three months on Thursday, the result of continued economic headwinds facing the cycling industry.
WASHINGTON (BRAIN) — Sakar International has recalled three multi-use helmet models because they do not comply with Consumer Product Safety Commission positional stability and retention system requirements.
NEUSS, Germany (BRAIN) — This week an executive at the company that previously owned Amprio, Rheinmetall AG, said Amprio has been sold. But he declined to say who bought it.
PHILADELPHIA (BRAIN) — State Farm Insurance Company has filed an amended complaint against Rad Power Bikes, adding a Taiwanese bike manufacturer and a battery pack manufacturer as defendants, in its lawsuit on behalf of a homeowner who suffered property damage from a fire.
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