Industry News
LOS ANGELES (BRAIN) — An announcement by Pacific Glory Worldwide last week has raised questions about how Fuji, SE and Tuesday bikes will be distributed in the U.S. next year.
(BRAIN) — The assets of Electric Bicycle Co., which filed for Chapter 7 bankruptcy in October, are being sold this winter. They include the brand and other intellectual property, including a website that allows consumers to order custom e-bikes. The sale also includes inventory and manufacturing equipment.
SEATTLE (BRAIN) — Rad Power Bikes has a new CEO as it trims its executive roster during the Chapter 11 bankruptcy proceedings, according to a brand spokesperson.
SEATTLE (BRAIN) — Rad Power Bikes filed for Chapter 11 bankruptcy protection Monday in advance of completing a sale of the company and less than a month after it said it could not afford a recall on some of its older lithium-ion batteries that the Consumer Product Safety Commission deemed unsafe.
VICENZA, Italy (BRAIN) — Former Crankbrothers CEO Gaspare Licata leads a group of private investors that acquired a majority interest in Extreme Racing Shox (EXT), a manufacturer of bike and motorsports suspension systems.
FRANKFURT (BRAIN) — Phillipp Ferger will replace Stefan Reisinger as head of Eurobike on Jan. 1 as the trade show reorganizes its leadership in the wake of two German trade groups withholding support of the event.
WASHINGTON (BRAIN) — U.S bike imports were down 24% in units and 16% in dollar value through September this year, according to new data released this week.
STOCKHOLM (BRAIN) — MIPS has acquired all shares of body and head impact protection brand Koroyd for 40 million euros ($46.9 million). Based in Monaco and founded in 2010, Koroyd will continue to operate separately under its current leadership team, said Max Strandwitz, MIPS president and CEO.
MISSOULA, Mont. (BRAIN) — Adventure Cycling Association (ACA) members have voted overwhelmingly to support a decision by the organization's board to sell its headquarters building here.
BOLOGNA, Italy (BRAIN) — Ducati will offer a new range of road, gravel, and e-MTB models in the spring in collaboration with Italian holding company Gruppo Zecchetto and input from three professional Italian cyclists.
SPARKS, Nev. (BRAIN) — Bicycle Technologies International relocated its warehouse and service operations to a new distribution center with a footprint 50% larger than its previous location about a half mile away.
NEWBURY PARK, Calif. (BRAIN) — Giant Group USA will relocate from here to Boulder, Colorado, with the transition beginning early in the new year and with most employees expected to be settled by late summer and early fall.
TAICHUNG, Taiwan (BRAIN) — Giant Group says it issued refunds on Dec. 1 to all its migrant workers who had paid recruitment fees in the past and it is hoping for a "swift" revocation of the Withhold Release Order that U.S. Customs and Border Protection issued in September.
HANGZHOU, China (BRAIN) — AliExpress says it worked with Specialized and Chinese law enforcement to dismantle two counterfeit manufacturing operations in China, leading to the seizure of $1.5 million worth of fake products, including Specialized Roval frames, handlebars and wheels, and fake Pinarello, Cannondale, Cervélo and Trek products.
BERLIN (BRAIN) — The two German trade groups that announced in October they no longer would support Eurobike are inviting international OEMs and suppliers to participate in one of two online meetings to explain their decision and to answer questions.
(BRAIN) — Park Tool has opened the application window for its 2026 Community Tool Grant program. Now in its 11th year, the program has donated over $135,000 worth of tools to organizations throughout the world.
CUMBRIA, United Kingdom (BRAIN) — U.K.-based capital investor BGF has made a "multi-million-pound" investment in bike retailer POS company Citrus-Lime.
AMSTERDAM (BRAIN) — CEO Janus Smalbraak is leaving Pon Holdings after 25 years, the past 15 leading the parent company of Pon.Bike. Smalbraak wrote a LinkedIn post that he will join Amsterdam investment company Parcom as a partner.
WASHINGTON (BRAIN) — U.S. bike imports from China rebounded in July and August, probably in anticipation of increased tariffs that were then threatened to take effect in November.
SAN RAFAEL, Calif. (BRAIN) — Thomas Franges, who as a boy in Zagreb, Croatia, dropped smoke bombs on Nazi occupiers in his city and as an adult helped stem a threatening tide of product-liability lawsuits against the bicycle industry, died on November 19 at home in San Rafael, California. He was 89.
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