Industry News

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.

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.

Tagged Earnings/Financial Reports

AMSTERDAM (BRAIN) — E-bike brand VanMoof officially has been declared bankrupt by the court of Amsterdam, which withdrew suspension of payment proceedings on Monday and cleared the way to a possible asset sale.

Tagged Electric bike
Randy Neufeld

CHICAGO (BRAIN) — After 14 years as SRAM's full-time director of advocacy, Randy Neufeld will retire next month. Long-term SRAM employee Rob Cappucci will take over a redefined position as the company's director of advocacy and industry partnerships.

Updated with TPC news.

BLOOMINGTON, Minn. (BRAIN) — Distributor Quality Bicycle Products and retailer The Pro's Closet each announced workforce reductions this week. Each cited the industry's inventory challenges as a cause.

VanMoof's Seattle store showroom.

AMSTERDAM (BRAIN) — Dutch e-bike brand VanMoof has been granted temporary court protection from creditors.

Tagged Electric bike
Will Schellenger.

BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: What are your expectations of sales representatives? Are they being met?

Tagged State of Retail / From the Magazine

SEATTLE (BRAIN) — Rad Power Bikes will close its European operations at the end of the year to concentrate on growing its North American market.

Tagged Electric bike

EL PASO, Texas (BRAIN) — Helen of Troy reported net sales for the first quarter fell 6.6% year-over-year with the Home & Outdoor group, which includes brands Osprey and Hydro Flask, declining 7.3%.

Tagged Earnings/Financial Reports

WARWICK, R.I. (BRAIN) — Spinov8 is no longer the North American distributor for special-needs bike brand Van Raam after seven years. Because it was a single brand distributor for Van Raam, Spinov8 ceased operations.

Tagged Distributor news
Photo of a Garmin Ready label at The Cyclery and Fitness Center in Illinois.

OLATHE, Kan. (BRAIN) — Garmin is now providing retailers with "Garmin Ready" frame labels that let consumers know the e-bike is certified to communicate with their Garmin devices.

Tagged Electric bike

(BRAIN) — American Classic is offering three new low-priced tire models with sales to benefit PeopleForBikes' Community Grants program.

PARK CITY, Utah (BRAIN) — Bloomberg is reporting that TSG Consumer Partners is weighing the possible sale of Backcountry.com and its related e-commerce sites, which include CompetitiveCyclist.com.

Tagged Mergers, Acquisitions & Investments
Wahoo Kickr

ATLANTA (BRAIN) — Wahoo Fitness says its financial woes are in the past after a recapitalization eliminated debt that had crippled it after the pandemic boom in indoor exercise products. Three private equity groups helped founder Chip Hawkins pay off a public debt owed to a bank consortium; it also put capital on Wahoo's balance sheet to enable growth.

Tagged Mergers, Acquisitions & Investments

GREENWICH, Conn. (BRAIN) — L Catterton, which bought a majority share in Pinarello in 2017, said it has sold the company to "a private family office." European news sources say billionaire Ivan Glasenberg bought it for 200 million euros.

Tagged Mergers, Acquisitions & Investments
Send. Schumer and Gillibrand joined Mayor Eric Adams. Photo Credit: Benny Polatseck/Mayoral Photography Office

NEW YORK CITY (BRAIN) — An emergency $25 million grant from the U.S. Department of Transportation will enable the city to set up outdoor e-mobility battery charging and storage stations at 53 city Housing Authority developments.

Tagged Electric bike

FRANKFURT (BRAIN) — Eurobike, which closed Sunday after its weekend consumer event, attracted 34,750 trade visitors and 31,780 consumer visitors over its four days. Both figures were an increase over last year.

Tagged Events / Tradeshows and conferences / Eurobike

FRANKFURT (BRAIN) — Ben Serotta will collaborate with a German 3D printing manufacturer to "bring the benefits of personalized cycling equipment to a broader section of the cycling population," the longtime bike designer told BRAIN on Thursday at Eurobike.

Tagged Electric bike / Eurobike
Erik Bär.

FRANKFURT (BRAIN) — Erik Bär has seen e-bike batteries from China come into Germany with fraudulent certification, so he knows about the chilling effect unregulated lithium-ion packs can have in the marketplace and understands the angst in the U.S., especially in New York City right now.

Tagged Electric bike / Eurobike
François-Xavier Terny.

FRANKFURT (BRAIN) — While François-Xavier Terny said replacing the car in the U.S. is next to impossible, he believes the Fuell e-bike brand has the right mix of features to at least keep it parked some of the time.

Tagged Electric bike / Eurobike

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