News

Posted July 27, 2015
A blog by the NBDA's executive director.

Sales tax reform may have new life, as a new bill has been introduced in the House that would level the playing field between brick-and-mortar stores and online sellers related to sales tax collection.

Posted in Retail News
Posted July 27, 2015

FREEPORT, Maine (BRAIN) —The Carrabassett Region chapter of the New England Mountain Bike Association has received a $50,000 grant from LL Bean's Charitable Giving for Conservation and Outdoor Recreation.

Posted in North America
Posted July 27, 2015

WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has agreed to sell CamelBak Products LLC to Vista Outdoor Inc. for about $412.5 million.

Posted in Industry News Tagged Mergers & Acquisitions
Posted July 24, 2015

BAULKHAM HILLS, Australia (BRAIN) — Trent Fitzgibbins, one of the co-founders of the Australian distributor JetBlack Products, has sold his share in the company to co-founder Tony Simmonds and plans to take "a lesser role in the company."

Posted in International Tagged People / Distributor news
Posted July 24, 2015
Growth from e-bike sales in Europe; North American performance 'below expectations.'

HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. noted that operating profit in the first half of the year was up 29 percent to $53.8 million (€49.1 million), while net profit was up 21 percent to $34.9 million (€31.9 million).

Posted in North America Tagged Earnings/Financial Reports
Posted July 23, 2015
Nick Hage.

WILTON, Conn. (BRAIN) — Nick Hage, who started with Cannondale in 2010 in sales operations, was recently promoted to the role of vice president, sales and operations for Cycling Sports Group's Cannondale brand.

Posted in North America
Posted July 23, 2015

ENCINITAS, Calif. (BRAIN) — A startup cycling clothing company is benefitting from its own California-based factory, which produces custom and inline items for its Eliel road bike clothing and Wattie Ink triathlon clothing.

Posted in North America
Posted July 23, 2015

BERKELEY, Calif. (BRAIN) — GU Energy Labs has named Blair Clark as its president and COO.

Posted in North America Tagged People
Posted July 23, 2015

BERKELEY, Calif. (BRAIN) —  The National Interscholastic Cycling Association and Pinkbike have announced their media partnership for the 2015 and 2016 season.

Posted in North America
Posted July 23, 2015

SEYMOUR, Conn. (BRAIN) — Thule Group is reporting a net sales increase of 20 percent in its second quarter, a result helped by favorable currency fluctuations. In currency neutral figures, the Sweden-based company saw a 6.4 percent sales increase in the quarter, which ended June 30.

Posted in International Tagged Earnings/Financial Reports
Posted July 22, 2015
UPDATED

Representatives from the MTB division say sale is underway and bike production continues despite parent company's announcement to investors and shareholders.

Posted in North America

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