News
SEATTLE (BRAIN) — Kona Bicycles, cheerfully independent for a third of a century, is now part of an Ohio-based outdoor sports group, Kent Outdoors. For about a year, Kent, a long time family-run business, has been in the hands of Boston-based private equity firm, Seawall Capital.
MILAN (BRAIN) — PIrelli announced Thursday that it would halt its operations in Russia except for security tasks.
WASHINGTON (BRAIN) — Specialized Bicycle Components notified the Consumer Product Safety Commission that it is expanding the Sirrus model bike recall because of a fall and injury hazard regarding the alloy cranks.
MILAN, Italy (BRAIN) — Most bike suppliers tell BRAIN they have stopped doing business in Russia following the country’s invasion of Ukraine. The decision to end business there is due to the difficulty of operating under banking sanctions and the voluntary decision by some shipping companies to stop delivering in Russia. Or a happy coincidence of both.
MORGAN HILL, Calif. (BRAIN) — Specialized founder Mike Sinyard has appointed former Dyson executive Scott Maguire as CEO of the company; Sinyard steps into a new role as "Founder, Chairman and Chief Rider Advocate" 48 years after founding the company.
AUSTIN, Texas (BRAIN) — Woom bikes will be the official kids bike manufacturer of the Sea Otter Classic after it signed a three-year sponsorship agreement with Life Time.
OLDENZAAL, the Netherlands (BRAIN) — Oregon-based apparel recycler The Renewal Workshop has been acquired by the global textile supply chain provider Bleckmann, the companies announced Wednesday.
SEATTLE (BRAIN) — PNW Components products valued in excess of $500,000 were stolen from a delivery truck Monday night.
A shipping broker reported the theft that occurred in San Bruno, California, while the truck was on the way to PNW Components' Sacramento warehouse.
CUMBRIA, England (BRAIN) — Lyon Cycle announced a United Kingdom distribution agreement with Industry Nine. The brand will be led in the UK by Lyon Cycle Market Manager Jordan Lunn.
PARK CITY, Utah (BRAIN) — SRAM has committed to a multi-year agreement with the organizers of The Big Gear Show, which will hold its second event this August here.
WELLINGBOROUGH, United Kingdom (BRAIN) — Storskogen UK has acquired the majority of shares of cycling parts and accessories distributor Extra UK.
VICENZA, Italy (BRAIN) — The investment firm Carlyle has agreed to buy the Italian protective gear brand Dainese Group. Dainese offers gear for powersports and mountain biking.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: How do you handle requests to service direct-to-consumer brands of bicycles and e-bikes?
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