Industry News

Joe Graney

SANTA CRUZ, Calif. (BRAIN) — Joe Graney will step down as Santa Cruz Bicycles' CEO to spend more time with his family, a Santa Cruz spokesperson said. 

PHILADELPHIA (BRAIN) — The Philly Bike Expo has moved from its traditional fall dates to spring, but organizers said it will remain a meeting place for handmade builders as well as cycling enthusiasts.

Tagged Events / Consumer Expos and Rides / Tradeshows and conferences

ZURICH (BRAIN) — Brands looking to add some Swiss precision to their bike products are looking to 9T Labs, a 5-year-old continuous fiber composite manufacturer. The brand might be a common sight on some high-end bikes and parts from major brands in the coming seasons.

Schwalbe's factory in Vietnam.

REICHSHOF, Germany (BRAIN) — Schwalbe, which historically has split tire and tube production between its factories in Indonesia and Vietnam, says it is focusing on Vietnam exclusively at least for the time being. 

KORTRIJK, Belgium (BRAIN) — At the Velofollies trade fair here this week, Belgian Cycling Factory is relaunching the Eddy Merckx bicycle line, which has been off the market for several years. 

Steve Gluckman

(BRAIN) — Tern has added Steve Gluckman and Shirley Chen to its senior management teams.

Photo courtesy Scott Sports

SEOUL, Korea (BRAIN) — South Korean apparel brand Youngone Corp., which acquired a majority share in Scott Sports in 2015, has loaned its subsidiary 150 million Swiss francs ($176 million).

Tagged Mergers, Acquisitions & Investments

PORTLAND, Ore. (BRAIN) — The MADE handmade bike show, which held its first show last year in Portland, will add a second this June in Australia. The Made Australia show will be June 28-29 at the Darebin International Sports Centre in Thornbury, Victoria, near Melbourne.

Tagged Consumer Expos and Rides
Image from the Fischer Auction Co. online listing.

SAN MARCOS, Calif. (BRAIN) — Almost three years after the brand filed for Chapter 11 bankruptcy, Eminent Cycles' remaining frames, bikes and parts are being auctioned this month. 

ALBANY, N.Y. (BRAIN) — Gov. Kathy Hochul said during her State of the State address Tuesday that she will propose a state-wide ban on the sale of uncertified lithium-ion batteries.

Tagged Electric bike
Brandt Furgerson.

CHICAGO (BRAIN) — Colnago named Brandt Furgerson CEO for Colnago America, which serves the United States, Canada, and parts of Latin America.

EL PASO, Texas (BRAIN) — Helen of Troy third-quarter net sales declined 1.6% year-over-year, despite the Home & Outdoor group's sales increasing 3.1%.

Tagged Earnings/Financial Reports
Amer Sports owns ENVE Composites

HELSINKI (BRAIN) — Amer Sports, parent company of ENVE Composites and other outdoor brands, officially announced the filing of a U.S. initial public offering.

Olive Manufacturing Group facility.

GREENVILLE, S.C. (BRAIN) — After producing alloy rims about 15 minutes away from the Boyd Cycling facility since May, Boyd Johnson is convinced that U.S. domestic manufacturing is gaining momentum as 2024 begins.

NANTES, France (BRAIN) — E-bike connective solutions company Velco has entered the U.S. market and will supply its technology to three brands in 2024.

Tagged Electric bike

SAN FRANCISCO (BRAIN) — New company Friiway is offering an e-bike "leasing" program for Stromer or Riese & Müller models through a Bay Area retailer.

Tagged Electric bike / From the Magazine
Rob Kaplan.

LOS ANGELES (BRAIN) — Industry veteran Rob Kaplan joined the Bulls Bikes USA team as head of sales on Monday. Kaplan has more than 30 years in the bicycle industry with most of his experience with e-bikes.

While hardware sales cooled off dramatically post-pandemic in the bike industry, spending on bike-related travel is a bright spot as Americans shift their spending to experiences rather than products.

Tagged From the Magazine

MADISON, Wis. (BRAIN) — Saris Infrastructure has sold more than one million bike parking solutions and is currently working with Washington, D.C., to reimagine the city's infrastructure, providing nearly 2,000 bike docks so far, with more to come.

Tagged Electric bike / From the Magazine
Resilient retailers soldier on into 2024.

Our industry is awash in bad news. As we publish this in December, and Christmas layaways already a distant memory, it's certain that 2023 will turn out to be the worst sales year this century when corrected for inflation.

Tagged From the Magazine

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