PARSIPPANY, N.J. (BRAIN) — Kent International purchased Stoneridge Cycle on Tuesday. Stoneridge distributes its bicycles through leading Canadian retailers and the company will remain headquartered in Canada.
SAN MATEO, Calif. (BRAIN) — Action camera maker GoPro Inc., plans to raise $800 million in a secondary stock offering. The company, which went public in June, plans to offer $100 million in shares, while current shareholders, including founder and CEO Nicholas Woodman, will sell the remaining $700 million.
SAN FRANCISCO (BRAIN) — Timbuk2 has extended its current contracts with its Korean and Japanese distributors, Anvil SNH Co. and Itochu Fashion System, respectively.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products has added another member to their outside sales team. Steve Kalk is now the outside rep in Illinois, portions of Wisconsin, and part of the Upper Peninsula of Michigan.
PETALUMA, Calif. (BRAIN) — Yuba Bicycles has signed eLastenrad, a German online seller of electric cargo bikes, as its new European distributor.
LEBANON, Ill. (BRAIN) — McKendree University is joining the list of universities and colleges that offer cycling as a full fledges varsity sport with a full time paid coach.
WILMINGTON, Del. (BRAIN) — Blue Bicycles has hired Orli Chinea as the brand's Western regional sales manager.
COLORADO SPRINGS, Colo. (BRAIN) — USA Cycling has announced the four finalists to host the 2017 and 2018 Cyclo-cross National Championships, a list that has been narrowed from 11 applicants.
SAN DIEGO, Calif. (BRAIN) — Pat Cunnane stepped up to the podium at the National Bicycle Tourism Conference Friday and said he had to apologize.
NEW YORK (BRAIN) — Eddy Merckx Cycles USA has hired several new employees, including a new sales manager and director, as it transitions from consumer direct sales to IBD sales.
CARLSBAD, Calif. (BRAIN) — Spy Inc. reported this week that third-quarter sales rose 8.1 percent to $11 million, driven by strong sales of goggles and prescription frames. Income from operations increased by $100,000 to $600,000 in the quarter, compared with $500,000 a year earlier.
BOULDER, Colo. (BRAIN) — Supporters are planning an event with a silent auction this month to raise funds for Adelaide Perr, a Boulder-based race organizer and SmartEtailing employee who was seriously injured when she collided with a car while training for a triathlon.
IRVINE, Calif. (BRAIN) — Felt Bicycles has hired industry veteran Robert Kahler as its new lifestyle brand manager and has promoted Scott Matsuda from dealer support to the brand's product development department.
ALLENTOWN, Pa. (BRAIN) – Fewer shoppers are visiting bike shops, according to The Gluskin Townley Group, an industry research firm.
MONTREAL (BRAIN) — Dorel Industries posted yet another quarter of positive growth in its bike business.
SAN DIEGO (BRAIN) — Jim Sayer, Adventure Cycling Association's executive director, said bicycle tourism in the U.S. and internationally has become more prominent, more lucrative and is rapidly changing to meet consumer demand.
PORTLAND, Ore. (BRAIN) — BikeFlights.com has brought on board Sue George to further develop and manage the bike shipping company's global communications and marketing.
The five-year-old company said it hired George to guide its communications and marketing initiatives worldwide.
LONDON (BRAIN) — Investcorp has agreed to buy Dainese, the Italian protective gear maker, from Lino Dainese for €130 million ($162 million). Mr. Dainese will retain a minority stake in the business alongside Investcorp.
BOULDER, Colo. (BRAIN) — Polar Bottle's parent company, Product Architects, Inc., has created and filled two new positions in its operations department.
Ken Austin joins the Boulder-based company as director of operations and Tracy Lindsey becomes the company's first purchasing agent.
PHILADELPHIA (BRAIN) — Advanced Sports International’s vice president of marketing Karen Bliss is chairing a newly created bicycling advocacy board in this city that will advise the mayor on public policies that affect cyclists, encourage private sector support of cycling, and promote national and international races in Philadelphia.