Industry News
MINNEAPOLIS (BRAIN) — Norwest Equity Partners, a middle-market investment firm founded in 1961, has made an investment in Atlanta-based Wahoo Fitness. The transaction closed on June 30; financial terms were not disclosed, but NEP said the investment was "significant."
PORTLAND, Ore. (BRAIN) — Portland Design Works has hired RoseMary Sindt as marketing manager, developing and managing PDW's marketing, event and sponsorship initiatives. She started in the position July 1.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike has opened registration for the third annual Mechanics Challenge presented by Park Tool.
The event will take place on the Interbike show floor with qualifying heats on Sept. 18-19 and the semi-final and final rounds held from 2-5 p.m. on Sept. 19.
WASHINGTON (BRAIN) — Two members of the U.S. e-bike industry testified Wednesday in opposition to the Trump adminstration's proposed 25 percent tariff on e-bikes from China.
BOULDER, Colo. (BRAIN) — PeopleForBikes will conduct a free half-hour webinar on proposed U.S. tariffs on Friday.
COLORADO SPRINGS, Colo. (BRAIN) — USA Cycling has named Jeff Pierce director of elite athletics, road and track — overseeing road and track cycling programs from the development level through the USAC National Team.
GOLDEN, Colo. (BRAIN) — Yeti Cycles has hired Kristi Jackson as the director of marketing. Jackson will lead all marketing initiatives at Yeti.
HELSINKI (BRAIN) — Amer Sports, owner of Enve and Mavic, reported Thursday that sales in its cycling division were down 13 percent in the first half of 2018, to 60 million euros ($70 million). In the second quarter, sales in the division were down 11 percent.
LAGUNA HILLS, Calif. (BRAIN) — Brendan Gecik, formerly North American sales manager at Highway Two, has launched his own venture called DemoWorx, a multibrand bicycle and equipment demo management company based in California.
PORT WASHINGTON, N.Y. (BRAIN) — The NPD Group will offer two free product category sales report to retailers attending Interbike.
QUÉBEC (BRAIN) — Louis Garneau crashed during a group ride on Saturday and wound up in the hospital with a concussion and punctured lung. The 59-year-old is a former Canadian national team member on the road and track.
Garneau was released from Hôpital de l'Enfant-Jésus on Sunday morning.
DENVER (BRAIN) — Outdoor Retailer Summer Market opened Monday to crowded halls, but suppliers and retailers were worried about the impact of Trump administration tariffs and rising freight costs in the U.S. market.
RANCHO SANTA MARGARITA, Calif. (BRAIN) — Tuesday evening's DRAFT Meetup event here is being produced by PeopleForBikes and Felt Bicycles.
The event will include three sets of speakers:
LEVIS, Québec and LEXINGTON, S.C. (BRAIN) — As the last step in the merging of operations of the two companies, Hawley-Lambert has rebranded and is now known as HLC, an acronym for Hawley-Lambert Cycling.
The distributor has launched a new website at HLC.bike as well as a new logo.
GRAND JUNCTION, Colo. (BRAIN) — The Colorado Plateau Mountain Bike Trail Association is looking to raise $30,000 by July 29 to help fund construction of the Palisade Plunge, a planned 32-mile backcountry singletrack connecting the top of Grand Mesa outside of Grand Junction, Colorado, to the town of Palisade some 6,000 feet below.
WASHINGTON (BRAIN) — Monday July 23 was the final day that the U.S. Trade Representative accepted public comments about its proposed 25 percent tariff on e-bikes and other goods. A public hearing is scheduled for this Wednesday and at least two industry representative are expected to speak.
AUSTIN, Texas (BRAIN) — The Professional Bicycle Mechanics Association will present Tech Clinics again at this year's Interbike Expo in Reno. The association has also announced three education sessions focused on the current state of service in many shops.
The three sessions are:
MUNICH, Germany (BRAIN) — EVOC, a Germany-based sports protection brand, is now working with ORIS Intelligence to help monitor and enforce its Minimum Advertised Price policy in the U.S.
COCHRANE, Alberta (BRAIN) — Dynastream Innovations, the inventor of the ANT wireless protocol, is now operating as Garmin Canada Inc. Dynastream has been a wholly owned subsidiary of Garmin for more than 11 years.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products is introducing the QBP Service Summit, an event in January 2019 for service department leaders that will include strategies and tools to increase profitability.
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