Industry News
(BRAIN) — Swedish sports nutrition brand Maurten has closed on a 20 million euro ($21.7 million) investment led by IRIS Ventures. The investment round also had participation from existing investors including Dan Sten Olsson, the CEO of Stena Sphere, a Swedish investment firm.
NEW YORK (BRAIN) — The city's Department of Transportation has released details of its $2 million trade-in program for food delivery workers using uncertified e-bikes, other e-mobility devices, and lithium-ion batteries.
CHATTANOOGA, Tenn. (BRAIN) — Peter Hurley, the CEO of The American Bicycle Group, passed away from a heart attack while on a morning run Friday. He was 67.
ABC is the parent company of the Quintana Roo, Litespeed and OBED brands.
STOCKHOLM (BRAIN) — Led by growth in the Sports category — which includes bike helmets — MIPS' second-quarter net sales increased 31% year-over-year.
ANTWERP, Belgium (BRAIN) — Belgian drivetrain startup Classified has hired Dennis Weijers as its Chief Commercial Officer. Weijers was most recently the marketing director for Shimano Europe.
Prior to Shimano, Weijers held various leadership roles at TomTom.
STOCKHOLM (BRAIN) — Thule Group's net sales increased 2.3% year-over-year in the second quarter when the carrier brand also reached agreement for new financing with selected Nordic banks and also acquired a small German bike trailer company.
OAKLAND, Calif. (BRAIN) — Longtime industry veteran Howard Sutherland, who authored a seven-edition bike repair book that was a mainstay on bike shop workbenches for decades, died June 19.
He was 75.
AMSTERDAM (BRAIN) — VanMoof is offering a $1,000 discount on a current S5, A5, or future e-bike to customers who paid for an order that wasn't fulfilled when the brand declared bankruptcy a year ago.
HEERENVEEN, Netherlands (BRAIN) — Accell Group recently issued a business update to its shareholders and business partners and included an update on its Babboe cargo bike recall over concerns about the structural integrity of its frames.
ALBANY, N.Y. (BRAIN) — New York Gov. Kathy Hochul on Thursday signed into law a legislative package to enhance lithium-ion battery safety standards that includes recognizing EN and UL testing standards.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: What are your expectations of sales reps? How are relations among retailers, sales representatives, and manufacturers?
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent company Helen of Troy's net sales fell 12.2% in the first quarter year-over-year. The Home & Outdoor category, which Osprey and Hydro Flask are part of, declined 8.6%.
FRANKFURT, Germany (BRAIN) — Organizers of Eurobike, which closed Sunday following its closing weekend consumer festival, said attendance by both consumers and trade visitors was up slightly this year over last.
FRANKFURT, Germany (BRAIN) — Day 2 (July 4) at Eurobike lacked fireworks, but pretzels, wiener schnitzel and potato salad were an acceptable substitute for hot dogs, apple pie and — potato salad. Here are a few things we turned up.
FRANKFURT, Germany (BRAIN) — The third Eurobike to be held at the Frankfurt Messe opened Wednesday for three days of trade show action followed by a weekend consumer festival.
WATERLOO, Wis. (BRAIN) — Trek Bicycle will join other brands in offering a direct-to-consumer bike buying option after unveiling its Consumer Choice program that will provide 15% to 20% margins to the consumer's closest Partner Level retailer.
CARLSBAD, Calif. (BRAIN) — Canyon's Blair Clark is retiring as North America general manager, and his responsibilities are being temporarily transferred to the brand's headquarters in Koblenz, Germany.
SALT LAKE CITY, Utah (BRAIN) — Scott Sports has appointed Hap Seliga as president of its US subsidiary.
OMAHA, Neb. (BRAIN) — Spia Cycling, a subsidiary of Giant Manufacturing, has emerged as a stalking horse bidder for the assets of Stages Cycling LLC. Stages, Foundation Fitness LLC and related companies filed for Chapter 11 protection in Nebraska’s federal bankruptcy court here on June 22.
(BRAIN) — Following a report by the World Health Organization about rising levels of physical inactivity globally, several industry brands have signed onto to a statement calling for "urgent and coordinated action" to combat the trend.
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