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BRESCIA, Italy (BRAIN) — Italian consumer-direct cycling apparel brand La Passione has raised 7 million euros ($8.3 million) from a group of investors, including some of its existing investors, new investment funds and "business angels." The amount will be invested over four years.
As dealers and suppliers struggle to meet inventory demands and wait times continue to lengthen, trade show organizers are steadfastly bullish on their future.
EVERETT, Wash. (BRAIN) — Like all bike companies, Rad Power has struggled to deliver enough bikes to meet demand for the last year and a half. But the Seattle-based consumer-direct powerhouse recently trimmed weeks off the transit time for its e-bikes by using an alternative seaport.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: How have you differentiated your shop, and what are your best business practices?
OSAKA, Japan (BRAIN) — An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year.
BOULDER, Colo. (BRAIN) — A study measuring how well bicycling infrastructure advanced transportation alternatives across socioeconomic and demographic groups will help guide cities building equitable infrastructure, according to the Better Bike Share Partnership.
MILAN, Italy (BRAIN) — Asobi Ventures Inc. acquired a majority share of Gruppo Srl, the parent company of bike brand Cinelli and tube manufacturer Columbus. The companies did not disclose transaction terms.
LONDON (BRAIN) — Global private equity firm Rhône announced Wednesday it will make a "significant" equity investment in Wahoo Fitness. The transaction is expected to be completed in the third quarter. Additional financial terms were not disclosed.
SAN FRANCISCO (BRAIN) — The sales surge during the pandemic had more than a few shop owners thinking, “Maybe it’s time to sell.” Low inventory, plenty of cash, over a year of working too hard, retirement age looming if not already here … what better time to sell?
PARK RIDGE, Ill. (BRAIN) — Wheel & Sprocket opened its third Chicago area store last week and plans a grand opening event this weekend at the new Park Ridge location.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products will be the sole distributor of Benno bicycles, parts and accessories to specialty bicycle retailers in the U.S. beginning with the brand's model year 2022.
COLORADO SPRINGS, Colo. (BRAIN) — The family of a professional bike fitter and former Colorado Cyclist product line manager who died in custody last year is suing the city of Colorado Springs and four of its police officers.
PARK CITY, Utah (BRAIN) — Next month's The Big Gear Show will include a range of retailer education opportunities, including presentations, panels, and small group discussions covering a wide range of topics. The show is Aug. 3-5 at the Deer Valley Resort.
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