Industry News

COSTA MESA, Calif. (BRAIN) — Selle Royal Group is now the sole owner of distributor Highway 2; the Italy-based group previously owned 50% of Highway 2 in partnership with Continental Tire.

Moderator Erika Jones with CPSC Commissioner Mary T. Boyle.

BENTONVILLE, Ark. (BRAIN) — The Consumer Product Safety Commission will consider regulating micromobility devices, including e-bikes, but don't expect anything final to come before 2025.

Tagged Electric bike / Tradeshows and conferences

BERLIN (BRAIN) — E-commerce giant Signa Sports United says it is taking legal steps after a holding company terminated a 150 million euro equity commitment.

New CPSC report finds micromobility injuries on the increase. Commissioner Mary T. Boyle spoke at the Shift'23 conference Tuesday.
Mary T. Boyle at SHIFT'23 in Bentonville this week.

BENTONVILLE, Ark. (BRAIN) — A new federal study of micromobility injuries and deaths found that injuries associated with all micromobility devices increased nearly 21% in 2022 from 2021. 

Tagged Electric bike

(BRAIN) — Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group a.s. ("CSG").

PARK CITY, Utah (BRAIN) — Kent Outdoors, which acquired Kona Bicycles almost a year ago, is moving its corporate headquarters to Park City, Utah.

Woom Original 3.

AUSTIN, Texas (BRAIN) — Woom kids bikes now are available at 30 REI Co-op locations and at 10 additional U.S. independent bike dealers.

BERLIN (BRAIN) — Signa Sports United says it will restructure — including terminating some non-performing assets — due to the industry's "subdued demand and market overstock." SSU also plans to delist from the New York Stock Exchange, where its stock price has plummeted in recent months.

Greyp T5.0.

SVETA NEDELJA, Croatia (BRAIN) — Porsche eBike Performance will eliminate the Greyp brand after acquiring a majority stake in the e-bike company in 2021. 

Tagged Electric bike
John Harrison forges path emphasizing innovation and expanding dealer network.
 Parlee Cycles President and CEO John Harrison.

BEVERLY, Mass. (BRAIN) — Parlee Cycles' John Harrison has a message for retailers and the industry.

Tagged Mergers, Acquisitions & Investments

ANOKA, Minn. (BRAIN) — Vista Outdoor's Outdoor Products Segment — which contains Bell, Giro, Fox Racing, CamelBak, QuietKat and other bike brands — will get a new name when it's spun off from the rest of the company later this year.

BANGKOK, Thailand (BRAIN) — Vittoria Tyres Thailand is opening a new 10,000-square-meter (108,000-square-foot) factory dedicated to cotton-casing tubular and clincher tires. The company said the factory, which will employ about 200 people, and is certified as carbon neutral by Climate Impact Partners.

Joel Goralski

CALGARY, Alberta (BRAIN) —  VeloGuide, an app that matched cyclists with independent local guides, has shut down, founder and CEO Joel Goralski announced Wednesday. 

EL PASO, Texas (BRAIN) — While Helen of Troy's Home & Outdoor group net sales remained virtually unchanged year-over-year in the second quarter, overall revenue was down 5.7%.

Tagged Earnings/Financial Reports
Cover of an OCP promotional document. The brands were never acquired.

NEWARK, N.J (BRAIN) — Victims of what prosecutors call a “Ponzi-like” scheme to buy several Italian cycling brands are asking a judge to release pre-sentencing materials for Samuel Mancini, who has pleaded guilty to securities fraud in the case.

From left, Taylor Little, Alex Conconi, and Malcolm Steenburgh. Photo by Clayton Little

VANCOUVER (BRAIN) — A trio of entrepreneurs and longtime cyclists here have acquired all assets of retailer Bicicletta, which filed for creditor protection in June after closing its retail s

BEVERLY, Mass. (BRAIN) — Parlee Cycles, which entered Chapter 11 bankruptcy in February, has been acquired by John Harrison, who the company said is "an avid cyclist and independent investor."

SEATTLE (BRAIN) — Rad Power Bikes defended its quality control standards and denied the liability claim of a class-action lawsuit filed last week that a faulty fork and quick-release skewer design can cause the wheel to disengage.

Tagged Lawsuits/legal / Electric bike
The Mavic USA crew at the new headquarters. JaredKatzPhotography

WATERBURY, Vt. (BRAIN) — Mavic, which was acquired in 2020 out of receivership by the French investment group Bourrelier, has had no presence in the U.S. market since at least that time, leaving retailers and consumers to struggle to find repair parts and service.

Plaintiff's counsel: 'Rad Power Bikes put profit over the safety of its riders.'

SEATTLE (BRAIN) — A Maryland man filed a class-action lawsuit against Rad Power Bikes on behalf of himself and other consumers for manufacturing a faulty fork and quick-release skewer design that combined with the weight of the bike can allow the wheel to disengage.

Tagged Lawsuits/legal / Electric bike

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