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DENVER (BRAIN) — Giant Group, through its SPIA Cycling subsidiary, has acquired Stages Cycling from Foundation Fitness for $20.1 million. A U.S. bankruptcy judge has approved a purchase agreement, which had been opposed by some creditors and an inventor who is in a patent dispute with Stages.
IBD support and Right to Repair policies make fans.
MINNEAPOLIS (BRAIN) — Co-founder Brendan Moore characterizes Wolf Tooth Components as a product-first company. The brand's 2,000 selling SKUs — including about 500 chainring spec' variations alone — and 10 engineers among a staff of 87 full- and part-time employees certainly bear that out.
NEW YORK (BRAIN) — A vintage Colnago road bike owned by Steve Tesich, the Oscar-winning screenwriter of "Breaking Away," is being auctioned.
Deaths and injuries from battery fires in the city are down steeply from last year's figures.
While the total number of fires caused by lithium-ion batteries in micromobility devices is roughly unchanged — 141 this year compared with 148 at the same time last year — the number of resulting deaths decreased 92% (from 13 to 1) and injuries 40% (from 92 to 55).
ASOLA, Italy (BRAIN) — Industry veteran Steve Thomas calls Titici “a diamond in the rough,” referring more to the Italian brand’s presence in the U.S. than to its products, which appear to be anything but unpolished.
MONTRÉAL — Montréal-based athletic wear company Lolë Brands has acquired Louis Garneau Sports including its three brands Garneau, Sugoi and Sombrio.
WASHINGTON (BRAIN) — The Biden administration Friday said it will propose new trade rules under executive authority to stop the abuse of the de minimis threshold that can allow imports — including e-bikes and lithium-ion batteries — to circumvent safety standards.
Purchase includes Competitive Cyclist and Steep and Cheap.
MERRILLVILLE, Ind. (BRAIN) — CSC Generation Enterprise, which owns and operates e-commerce retail businesses in several categories, has acquired Backcountry.com, including its MotoSport, Competitive Cyclist and Steep and Cheap businesses.
(BRAIN) — Former top BMX racer Harry Leary died Sept. 7 of heat exhaustion in the Arizona desert, according to a USA BMX Instagram post. He was 65.
BOULDER, Colo. (BRAIN) — For our August magazine edition, we asked our State of Retail panel members: What would be your TED Talk about bicycle retail? What do you wish someone had told you before your bike industry career?
With world-class resources and marketing budgets to match, you'd think large global companies could easily take a big position in the bike business if they wanted. So why haven't they?
WASHINGTON (BRAIN) — Delta Cycle Corp. is working with U.S. and Canadian authorities to recall more than 25,000 of its Ceiling Hoists with Straps storage products, which are used to store bikes, kayaks,canoes or other large objects. The company says the plastic buckles on the straps can break.
SAN FRANCISCO (BRAIN) — Bikeshare company Lyft announced a restructuring plan that includes laying off about 1% of its workforce — affecting about 30 employees — and no longer operating standalone dockless bikes and scooters.
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LOUISVILLE, Colo. (BRAIN) — Wheels Manufacturing recently introduced a single-speed conversion kit for Shimano Micro Spline compatible hubs.
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