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News

As another boom wraps, CPSC proposes rules update

Posted July 24, 2023
Deadline was Monday to submit public comments online.
Getty Images

WASHINGTON — The last time the Consumer Product Safety Commission took an in-depth look at its bicycle safety regulations, it was the mid-1970s and the industry was just emerging from that decade's bike boom. The agency had only been launched in 1972.

Rab introduces nutrition-style table to show apparel material information

Posted July 24, 2023

DERBYSHIRE, U.K. (BRAIN) — British apparel brand Rab, which entered the bike apparel market earlier this year, is introducing a new hangtag for its apparel and sleeping bags showing the product's recycled content, fluorocarbon status and production information.

Outdoor Research sponsors Crankworx Whistler ahead of MTB apparel launch

Posted July 24, 2023

SEATTLE (BRAIN) — Outdoor brand Outdoor Reseach plans to enter the mountain bike apparel market next spring with an eight-piece line called the Freewheel MTB Collection.

Ahead of that launch, OR is a "Principle-Level" sponsor of Crankworx Whistler 2023, the mountain bike festival opening Friday.

California legislation would ban kids under 12 from operating e-bikes

Posted July 24, 2023

SACRAMENTO, Calif. (BRAIN) — A California lawmaker has introduced a bill that would make it illegal for kids under 12 to operate an e-bike. It also would require e-bike riders who don't have driver's licenses to take an online test and have state-issued identification.

Former Accell Group CEO Ton Anbeek to join SIGNA Sports United board

Posted July 21, 2023

BERLIN (BRAIN) — Former Accell Group CEO Anthonie "Ton" Anbeek will join the board of Signa Sports United next April.

Vista Outdoor appoints ex-Hasbro exec as CEO of its Outdoor Products division

Posted July 21, 2023
The division includes the bike brands Bell, Giro and Fox Racing. Vista confirms plans for split later this year
Eric Nyman

ANOKA, Minn. (BRAIN) — Vista Outdoor has appointed former Hasbro COO Eric Nyman as CEO of its Outdoor Products segment, a business unit that includes the cycling brands Bell, Giro, Fox Racing and QuietKat, as well as CamelBak.

Nasdaq fines MIPS for disclosure of insider information

Posted July 21, 2023

STOCKHOLM (BRAIN) — Helmet technology company MIPS was fined SEK 1.7 million ($163,660) after CEO Max Strandwitz disclosed insider information regarding the bike market during an interview in a financial publication.

CPSC: Xinerter and SQM brand helmets fail to meet federal safety standards

Posted July 20, 2023
Xinerter helmet.

WASHINGTON (BRAIN) — The Consumer Product Safety Commission issued consumer warnings to stop using two Chinese sellers' bike helmets that failed to meet federal safety standards.

Stagnant helmet sales contribute to MIPS' 51% Q2 decline

Posted July 20, 2023

STOCKHOLM (BRAIN) — Continuing decreased bike helmet demand contributed to MIPS' net sales declining 51% year-over-year in the second quarter.

Court denies Fox a preliminary injunction in bleed-valve case

Posted July 19, 2023
Drawing from U.S. Patent 9739331

DENVER (BRAIN) — A U.S. District Court denied Fox Factory a preliminary injunction that would have forced SRAM to immediately take some RockShox forks off the market. Fox sued SRAM last July, claiming that the air bleed valves on some RockShox forks infringe on its patents.

QBP takes over US distribution of Sidi shoes

Posted July 19, 2023

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products has been named the new exclusive distributor of Sidi cycling shoes and accessories starting in October.

3T's new program comes 'Just-In-Time' during industry challenges

Posted July 19, 2023

BERGAMO, Italy (BRAIN) — A few days before Eurobike commenced, 3T announced a new program to give select dealers the option to reserve production capacity for the next year. No longer needing to pre-order bikes and estimate specs' and colors, dealers attending Eurobike welcomed the news, 3T CEO Rene Wiertz said.

Sluggish bike-related demand leads to Thule sales decline

Posted July 19, 2023

STOCKHOLM (BRAIN) — Thule Group's second-quarter net sales decreased 8.6% year-over-year with the company seeing a sales decline in bike-related products in its Americas region. Net sales for the quarter ending in June were SEK 3,029 million ($296 million) compared with SEK 3,314 million at the same time last year.

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