Industry News
LOS ANGELES (BRAIN) — Specialized Bicycle Components has shut down women's clothing brand Machines For Freedom, which it purchased from founder Jennifer Kriske five years ago.
(BRAIN) — Agustin Gonzalez, a former regional supervisor for bike delivery service Kitzuma, has opened his own delivery service to serve the West Coast and parts of the Southwest.
(BRAIN) — PIERER Mobility AG reported record revenues in its fiscal 2022, with sales of 2.437 billion euros ($2.65 billion), 19% higher than the year before. By unit, Pierer's sales of bikes and e-bikes were up 15% last year to 118,000 while sales of motorcycles were up 13%, to 376,000.
TAIPEI, Taiwan (BRAIN) — Giant Group has agreed to make a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.
SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.
SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.
PORTLAND, Ore. (BRAIN) — Organizers of MADE, a new handmade bike show scheduled for August in Portland, have opened up registration and appointed industry veteran Steven Elmes as show director.
NEW YORK (BRAIN) — A New York City council member introduced legislation a week ago to ban e-bikes and e-scooters until they can be made safer and called for them to be treated like motor vehicles.
BOULDER, Colo. (BRAIN) — PeopleForBikes has announced speakers for its Bicycle Leadership Conference, to be held March 14-16 in Dana Point, California.
ANOKA, Minn. (BRAIN) — Vista Outdoor announced internally on Tuesday that it has realigned management of its cycling, snow and powersports brands that make up its Action Sports business unit.
SAN FRANCISCO (BRAIN) — Strava has acquired Fatmap, a company whose 3D-map mobile app is targeted at outdoor enthusiasts including climbers and mountaineers. Strava said it will use the Fatmap technology to add 3D mapping to its cycling/running app. Premium members of Strava will gain access to Fatmap.
NEUSS, Germany (BRAIN) — This week an executive at the company that previously owned Amprio, Rheinmetall AG, said Amprio has been sold. But he declined to say who bought it.
PHILADELPHIA (BRAIN) — State Farm Insurance Company has filed an amended complaint against Rad Power Bikes, adding a Taiwanese bike manufacturer and a battery pack manufacturer as defendants, in its lawsuit on behalf of a homeowner who suffered property damage from a fire.
WEST PALM BEACH, Fla. (BRAIN) — The judge in a patent dispute between SRAM and Princeton Carbon Works is promising "a proverbial battle of experts."
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products released two reports detailing external diversity, equity, and inclusion efforts under its 2022 Accountability Report and DEI Strategic Plan.
LYONS, Colo. (BRAIN) — Reeb Cycles said it has seen sales grow 65% since it launched its steel SST trail bike in September. The privately held company did not release other sales figures.
WASHINGTON (BRAIN) — President Joe Biden signed the Bonneville Shoreline Trail Advancement Act into law on Dec. 29 as part of the year-end omnibus federal spending legislation.
LOUISVILLE, Colo. (BRAIN) — Specialized Bicycle Components bought the award-winning office building here previously owned by Pearl Izumi, for $14.9 million.
The company said Thursday that it would use the space for an innovation center.
MORGAN HILL, Calif. (BRAIN) — Specialized announced Wednesday that it is laying off 8% of its workforce in what the company called a “transformation.” The layoffs are across the company globally, including at company-owned retail stores in the U.S. and overseas.
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