News
VIENNA (BRAIN) — Woom announced it had the best six months in its 12-year history with a 41% increase in revenue.
CHICAGO (BRAIN) — SRAM will open a new facility in the Varese region of Italy next year. The facility will be home to chainring spider manufacturer Ochain, which SRAM acquired in July.
WASHINGTON (BRAIN) — After a decline in Chinese bike imports in June, the industry made a sudden 128% increase in July, likely in a bid to get ahead of a triple-digit tariff that was expected to take effect in early August, but which the Trump administration delayed at the last minute.
WASHINGTON (BRAIN) — The U.S. mass market bike industry began looking to India as a supply source this year, with U.S. bike imports from the country — while still small relative to other major nations — up 98% in value this year through July, according to figures released Thursday.
PORTLAND, Ore. (BRAIN) — Backcountry.com has acquired Velotech Inc, the parent of e-commerce retailers BikeTiresDirect, Western Bikeworks, and TriSports.
MORGAN HILL, Calif. (BRAIN) — Specialized Bicycles is closing its California Auburn Innovation Center that opened last year and moving employees there to the brand's primary headquarters to enhance collaboration.
MANNING, South Carolina (BRAIN) — Perfection Industrial is auctioning machinery, tools and other equipment from Kent International's BCA factory here.
WASHINGTON (BRAIN) — Twenty-seven members of Congress filed a brief to an appeals court to support reinstating the three Consumer Product Safety Commission members who were fired by President Trump after objecting to staff firings.
WASHINGTON (BRAIN) — China-made helmets and bike trailers with aluminum frames will remain exempt from a 7.5% Section 301 tariff through the end of November.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission issued a warning against using two helmet models from separate Chinese manufacturers because they violate mandatory standards and can fail to protect in the event of a crash. Both sellers have not agreed to a recall nor communicated a remedy.
KOBLENZ, Germany (BRAIN) — Canyon founder Roman Arnold is returning to an operational role at the company on Sept. 1 as Nicolas De Ros Wallace, who has been CEO, steps down.
HEERENVEEN, Netherlands (BRAIN) — Accell Group announced it will close its factory here by the end of the first quarter next year, resulting in the loss of about 160 jobs. Afterward, production will take place in Hungary with assembly in Dijon, France.
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