Industry News
ASHLAND, Ore. (BRAIN) — Professional bicycle mechanic school United Bicycle Institute has been acquired by the father and son team of Ryan Bedford and Phil Bedford.
SAN MATEO, Calif. (BRAIN) — GoPro founder and CEO Nicholas Woodman will provide $20 million in financing through the purchase of common stock as the company considers either selling or merging to maximize value for stockholders.
The financing is subject to certain closing conditions.
SEATTLE (BRAIN) — A suit filed by Amazon and UL against five e-bike and e-scooter companies for allegedly falsely claiming their e-bikes and scooters were UL-certified has ended in a court order barring the companies from doing it anymore.
BOULDER, Colo. (BRAIN) — For our July magazine edition, we asked our State of Retail panel members: How have your bicycle suppliers' policies evolved in recent years? What do you wish they'd start — or stop — doing?
SANTA ANA, Calif. (BRAIN) — MIPS will pay $3.25 million to fellow helmet technology company BrainGuard Technologies as part of a patent infringement lawsuit settlement brought against Revelyst and its helmet brands.
BETHESDA, Md. (BRAIN) — The Consumer Product Safety Commission's e-mobility device and lithium-ion battery testing standards proposal finally is available for review and comment, more than a year after approval by a commission that's since been dismantled and a new procedure created by executive order that contributed to the delay.
DEERFIELD BEACH, Fla. (BRAIN) — Rad Life Mobility announced Monday night that it has acquired QuietKat, an e-bike brand tailored for hunters and anglers. Terms were not disclosed.
SHEFFIELD, U.K. (BRAIN) — Decathlon Pulse, the investment unit of the French sporting goods retailer Decathlon, and BA Capital, a Shanghai, China-based venture capital firm, have each acquired shares in Brompton, the UK folding bike brand.
NEW YORK (BRAIN) — City Councilman Frank Morano and several residents are suing Mayor Zohran Mamdani for overturning a criminal enforcement policy for e-vehicle violations in March.
FRANKFURT (BRAIN) — Eurobike will become a biannual event after next year, the latest change with the long-running trade show that's experiencing growing apathy within the industry.
FRANKFURT (BRAIN) — Rad Life Mobility is exploring purchasing QuietKat, a development which comes three months after the subsidiary of Life Electric Vehicles Holdings acquired Rad Power Bikes.
IRVINE, Calif. (BRAIN) — Shimano is now selling its wheels consumer-direct on its e-commerce site, which also offers shoes, sunglasses and pedals direct to consumers. The wheels were added June 17.
FRANKFURT (BRAIN) — Eurobike announced on the opening day of its 34th annual four-day event that Matthias Pietsch has been named show director. It's another change in the trade show's leadership structure during a year of upheaval.
OSAKA, Japan (BRAIN) — Shimano announced a reorganization of its bicycle division by naming Yuzo Shimano to lead the department, effective July 1. Yuzo Shimano is currently senior executive officer of global marketing and supervises bike sales and marketing.
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 orders for merchandise — including bikes — from its company stores.
TAIPEI, Taiwan (BRAIN) — Giant Manufacturing, Merida Industries and Ideal Bike, the three largest 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.
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