Industry News
COSTA MESA, Calif. (BRAIN) — Selle Royal Group is now the sole owner of distributor Highway 2; the Italy-based group previously owned 50% of Highway 2 in partnership with Continental Tire.
BENTONVILLE, Ark. (BRAIN) — The Consumer Product Safety Commission will consider regulating micromobility devices, including e-bikes, but don't expect anything final to come before 2025.
BERLIN (BRAIN) — E-commerce giant Signa Sports United says it is taking legal steps after a holding company terminated a 150 million euro equity commitment.
BENTONVILLE, Ark. (BRAIN) — A new federal study of micromobility injuries and deaths found that injuries associated with all micromobility devices increased nearly 21% in 2022 from 2021.
(BRAIN) — Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group a.s. ("CSG").
PARK CITY, Utah (BRAIN) — Kent Outdoors, which acquired Kona Bicycles almost a year ago, is moving its corporate headquarters to Park City, Utah.
AUSTIN, Texas (BRAIN) — Woom kids bikes now are available at 30 REI Co-op locations and at 10 additional U.S. independent bike dealers.
BERLIN (BRAIN) — Signa Sports United says it will restructure — including terminating some non-performing assets — due to the industry's "subdued demand and market overstock." SSU also plans to delist from the New York Stock Exchange, where its stock price has plummeted in recent months.
SVETA NEDELJA, Croatia (BRAIN) — Porsche eBike Performance will eliminate the Greyp brand after acquiring a majority stake in the e-bike company in 2021.
BEVERLY, Mass. (BRAIN) — Parlee Cycles' John Harrison has a message for retailers and the industry.
ANOKA, Minn. (BRAIN) — Vista Outdoor's Outdoor Products Segment — which contains Bell, Giro, Fox Racing, CamelBak, QuietKat and other bike brands — will get a new name when it's spun off from the rest of the company later this year.
BANGKOK, Thailand (BRAIN) — Vittoria Tyres Thailand is opening a new 10,000-square-meter (108,000-square-foot) factory dedicated to cotton-casing tubular and clincher tires. The company said the factory, which will employ about 200 people, and is certified as carbon neutral by Climate Impact Partners.
CALGARY, Alberta (BRAIN) — VeloGuide, an app that matched cyclists with independent local guides, has shut down, founder and CEO Joel Goralski announced Wednesday.
EL PASO, Texas (BRAIN) — While Helen of Troy's Home & Outdoor group net sales remained virtually unchanged year-over-year in the second quarter, overall revenue was down 5.7%.
NEWARK, N.J (BRAIN) — Victims of what prosecutors call a “Ponzi-like” scheme to buy several Italian cycling brands are asking a judge to release pre-sentencing materials for Samuel Mancini, who has pleaded guilty to securities fraud in the case.
VANCOUVER (BRAIN) — A trio of entrepreneurs and longtime cyclists here have acquired all assets of retailer Bicicletta, which filed for creditor protection in June after closing its retail s
BEVERLY, Mass. (BRAIN) — Parlee Cycles, which entered Chapter 11 bankruptcy in February, has been acquired by John Harrison, who the company said is "an avid cyclist and independent investor."
SEATTLE (BRAIN) — Rad Power Bikes defended its quality control standards and denied the liability claim of a class-action lawsuit filed last week that a faulty fork and quick-release skewer design can cause the wheel to disengage.
WATERBURY, Vt. (BRAIN) — Mavic, which was acquired in 2020 out of receivership by the French investment group Bourrelier, has had no presence in the U.S. market since at least that time, leaving retailers and consumers to struggle to find repair parts and service.
SEATTLE (BRAIN) — A Maryland man filed a class-action lawsuit against Rad Power Bikes on behalf of himself and other consumers for manufacturing a faulty fork and quick-release skewer design that combined with the weight of the bike can allow the wheel to disengage.
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