Industry News
(BRAIN) — U.K.-based apparel brand Endura is laying off multiple employees as it moves its operations from Scotland to London, a move that follows a financial report showing losses for a second consecutive year.
SEATTLE (BRAIN) — Rad Power Bikes is closing two of its RadRetail company stores today — in St. Petersburg, Florida, and Vancouver, British Columbia — as its bankruptcy proceedings continue.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent Helen of Troy reported third-quarter consolidated net sales declined 3.4% year-over-year with Home & Outdoor segment sales slipping 6.7%.
GREENVILLE, S.C. (BRAIN) — Co-founder Nicole Johnson is now CEO of Boyd Cycling, succeeding Boyd Johnson, who will concentrate on engineering and product development.
CAMARILLO, Calif. (BRAIN) — Industry product developer, executive and consultant Brad Hughes died on New Year’s Eve at 71.
LOUISVILLE, Colo. (BRAIN) — Wheels Manufacturing acquired accessory manufacturer Mirrycle Corporation, which includes the Incredibell brands. Financial details, including the purchase price, were not released.
MILAN (BRAIN) — Dutch conglomerate Accell Group has sold the titanium frame brand Van Nicholas to Italian cargo brand Velo-ce.
TUCSON (BRAIN) — Industry veteran Michael Forte announced his acquisition of The Bike Shop List, a source of bicycle shop locations and brand information across North America.
ST. PAUL, Minn. (BRAIN) — Park Tool's director of education, Calvin Jones, is retiring after 28 years with the company. "Moving on from Park Tool, there are some educational projects that I would like to be part of," Jones said.
WILTON, Conn. (BRAIN) — Cannondale founder Joe Montgomery passed away Friday, his son Scott Montgomery confirmed in a LinkedIn post Sunday. Joe Montgomery was 86.
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.
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