Industry News
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings, the owner of CamelBak and other brands, has signed an agreement for a revolving credit facility totaling $400 million and a term loan of $325 million.
NEWBURY PARK, Calif. (BRAIN) — Timothy Johnson and James Yao have each joined Giant Bicycle USA as retail services executives. The pair will work on the Giant Retail Partnership program with the brand's retailers.
WASHINGTON (BRAIN) — Representatives from the bike industry and the advocacy group PeopleForBikes are proposing the U.S. tariffs on imported bikes be reduced or eliminated because bikes have a positive effect on the environment.
GREENFIELD CENTER, N.Y. (BRAIN) — Custom framebuilders Craig Gaulzetti and Kelly Bedford are merging production to turn out Gaulzetti Cicli- and K Bedford-branded frames.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. has named former Microsoft executive Tony Bates as president. Bates is the former CEO of Skype, which Microsoft acquired in 2011.
CHICAGO (BRAIN) — Todd Schmidt is joining SRAM's Road Marketing Communication team as a brand manager for SRAM and Quarq, the company announced this week.
WASHINGTON (BRAIN) — The League of Ameican Bicyclists is announcing $3,000 in mini-grants it will make this year to support new and growing programs to engage young women in bicycling, encourage more moms to ride and advance female leadership in the bike movement.
VALENCIA, Calif. (BRAIN) — Christopher Klibowitz is joining H3 Publications' Road magazine as an editor, the publisher announced this week.
BOULDER, Colo. (BRAIN) — Marketing company Verde Brand Communications is now working with the California-based mountain bike clothing brand Kitsbow.
GREENVILLE, S.C. (BRAIN) — This Saturday, Michelin North America will set up a bike tire pressure check station along a popular bike path near its headquarters here.
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike organizers say they are expecting more exhibitors to participate in this year's Demo Day, which will be held for the first time at the expo grounds in Friedrichshafen, rather than at its traditional location a few miles away in Argenbühl, Germany.
BOULDER, Colo. (BRAIN) — The PeopleForBikes Ride on Chicago reached the Windy City on Monday and exceeded its fundraising goal of $100,000.
GIVISIEZ, Switzerland (BRAIN) — Scott Sports says thieves stole bikes worth more than 1 million Swiss francs ($1.1 million) from a warehouse at the company's headquarters over the weekend.
REDDITCH, United Kingdom (BRAIN) — The U.K. retail chain Halfords has purchased Boardman Bikes, the company started by British cycling champion Chris Boardman.
SHENZHEN, China (BRAIN) — WTB has hired industry veteran Kevin Yen to join WTB China's sales staff, focusing on the Eastern China sales territory. Yen will assist WTB's Eastern China sales manager, Jason Zhang.
SALT LAKE CITY (BRAIN) — Probar is renaming its protein bar as part of a company-wide "brand refresh," the company said. The bar formerly known as the Probar Core is being renamed the Probar Base.
BOULDER, Colo. (BRAIN) — IBDs saw growth in merchandise dollars, units and average retail-selling price in April compared with the same month last year.
SCOTTSDALE, Ariz. (BRAIN) — The high-end German mountain bike brand Nicolai is now being distributed in the U.S. by Nicolai USA, based in Arizona.
BOULDER, Colo. (BRAIN) — Bike fit provider Retül is working with the Boulder Center for Sports Medicine and British Cycling to offer two, two-day classes on cycling injury management: one session in Boulder and one in Manchester, England. The classes are aimed at medical professionals who treat cycling injuries.
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