Industry News
TAICHUNG, Taiwan (BRAIN) — On Thursday Giant Group's annual shareholders' meeting approved a NT$1.8 cash dividend, while company leaders shared some insights into its global business.
WALNUT CREEK, Calif. (BRAIN) — Giant Bicycle has reached a settlement with a plaintiff over claims that the bike company's e-commerce site charged consumers undisclosed "junk fees," the plaintiff's attorney notified the court Wednesday.
BOULDER, Colo. (BRAIN) — PeopleForBikes published its annual City Ratings on Wednesday that evaluated 3,019 U.S. communities on how well their bike networks connect residents to destinations.
WATERLOO, Wis. (BRAIN) — Trek has started fulfilling some online and retailer merchandise orders — including bikes — from its own company stores to leverage inventory there and expedite delivery when its distribution centers are out of stock, a Trek spokesperson said.
TAIPEI, Taiwan (BRAIN) — Giant Manufacturing, Merida Industries and Ideal Bike, the three largeste publicly traded bike manufacturers in Taiwan, are each reporting their first monthly sales growth figures of the year, a sign of hope for a troubled sector.
GAJARY, Slovakia (BRAIN) — Cardinal Cycling Group, the U.S.-based company that owns TIME, is now offering OE manufacturing at its Carboprax factory in Slovakia, using the factory's trademark Resin Transfer Molding production method.
ALMELO, Netherlands (BRAIN) — Pon.Bike announced Thursday the closing of Cannondale's facility here at the end of next year, with production of the brand moving to its three other European factories.
COIMBRA, Portugal (BRAIN) — SRAM, which has manufactured chains in Portugal for decades, is moving more production to the country with the opening of a 270,000-square-foot factory here planned for 2028.
BOULDER, Colo. (BRAIN) — For our June magazine edition, we asked our State of Retail panel members: Do you have rider programs designed to appeal to new and returning riders, and if so, what do they look like?
FAIRFAX, Calif. (BRAIN) — Mountain bike pioneer Charlie Cunningham has passed away at the age of 78.
WEST PALM BEACH, Fla. (BRAIN) — A Florida man is suing Amazon and a Chinese direct-to-consumer "e-bike" brand sold on its website for injuries and damages after the battery exploded and caused a residential fire two years ago.
FERNDALE, Wash. (BRAIN) — When Kona Bike’s founders re-acquired the brand from the private equity group that had bought it in 2022, they called the re-launch "Kona 3.0." This month, the brand might be entering the Kona 3.1 era as co-founders, Jake Heilbron and Dan Gerhard step out of their day-to-day roles and join the board. Charles Russell replaces Heilbron as President and CEO.
RANCHO DOMINGUEZ, Calif. (BRAIN) — The KHS U.S. distribution business is closing down for good this week, seven months after the company announced it would close unless it found a buyer.
SEATTLE, Wash. (BRAIN) — The judge in a product liability case over a Specialized e-MTB’s alleged “over-run” refused to enforce a proposed $175,000 settlement, which fell apart when Specialized demanded the return of the bike.
CARSON, Calif. (BRAIN) — The family and friends of motorcycle and mountain bike legend Mert Lawwill, who died earlier this month at 85, have set a date for a Celebration of Life in his honor.
The event will be Aug. 30 at the Carson Center in Carson, California.
(BRAIN) — Specialized Bicycle has reached a confidential settlement in a case filed in California over so-called "junk fees" charged to online customers.
BRUSSELS (BRAIN) — Belgium’s Market Court upheld a lower court ruling striking down the UCI’s rule limiting the maximum gear in pro road races to a 54 x 11 ratio.
SRAM CEO Ken Lousberg called the decision “groundbreaking.”
PORTLAND, Ore. (BRAIN) – Firsthand Framebuilding, a Portland framebuilding supply and education company, has purchased the assets of Paragon Machine Works, the California framebuilding supply company that announced in March that it was closing after 43 years in business.
WILMINGTON, Del. (BRAIN) — The Lycra Company, which declared Chapter 11 bankruptcy in March, completed a restructuring that includes new equity owners, CEO, and a board of directors.
SAN FRANCISCO (BRAIN) — A U.S. District judge invalidated the remaining claim of a patent infringement lawsuit by an intellectual property company against GoPro on Thursday, voiding a $8.2 million settlement for past damages.
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