Industry News
ANNAPOLIS, Md. (BRAIN) — Two longtime employees have bought Velo Orange from the brand's founder, Chris Kulczycki.
Igor Shteynbuk and Adrian Nelson purchased all of the assets of Velo Orange and its associated brands, Grand Cru Components and Dajia Cycleworks.
PHILADELPHIA (BRAIN) — Advanced Sports Enterprises, the owner of ASI and Performance Bicycle, is realigning key staff in its product development department.
NEWBURY PARK, Calif. (BRAIN) — Giant USA has announced a promotion to its sales department, a transition to its quality assurance department, and the hiring of two new demo tour contractors.
Two of the transitions involve the father-daughter pair of Melissa Maresca and James Maresca.
FARMINGTON, Utah (BRAIN) — Vista Outdoor Inc. sales hit $654 million in its fiscal quarter than ended Jan. 1, a 10 percent increase. The growth included sales from new acquisitions made last year; when those new sales are removed, the company saw a 5 percent decrease in sales.
HELSINKI (BRAIN) — Amer Sports' cycling sales, through its Mavic and Enve brands, were up 8 percent last year, to 150.2 million euros ($160 million), up from 138.5 million the prior year.
BOULDER, Colo. (BRAIN) — Retired racer Dave Wiens has quickly moved from the board chair of the International Mountain Bicycling Association to becoming its executive director. He replaces Mike Van Abel who resigned as executive director last summer.
BOULDER, Colo. (BRAIN) — Camber Outdoors and the Bicycle Product Suppliers Association are offering scholarships to bring four people to the Bicycle Leadership Conference this April in Monterey, California.
SALT LAKE CITY (BRAIN) — Vista Outdoors is facing a $5 million lawsuit over allegations that it misled investors about the financial condition of its shooting sports division during a six-month period from Aug. 11, 2016 through Jan. 13, 2017.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Organizers of the Outdoor Retailer show, currently held in Salt Lake City, are soliciting proposals from cities interested in hosting the show in 2018 and beyond.
BOULDER, Colo. (BRAIN) — With ads costing over $5 million per 30-second spot, any appearance in a Super Bowl ad is worth something, right?
SANDY, Utah (BRAIN) — Reynolds Cycling is raising money for the Huntsman Cancer Foundation and the work of the Huntsman Cancer Institute by hosting a fundraising raffle that has already started and will conclude at the 2017 North American Handmade Bicycle Show on Sunday, March 12.
LAGUNA HILLS, Calif. (BRAIN) — The newest issue of Bicycle Retailer & Industry News includes our annual Electric Bike Report, which includes results from BRAIN's recent survey of U.S. retailers on their experiences selling — or their reasons for not selling — e-bikes in their stores.
BERKELEY, Calif. (BRAIN) — The National Interscholastic Cycling Association has added four new board members, done some organizational restructuring and added new staff to meet the needs of continued growth in high school mountain bike racing.
HONOLULU (BRAIN) — TEAM Unlimited LLC, the owner and producer of the XTERRA World Tour, has appointed Suunto as the official GPS sports watch of XTERRA in the United States and a marquee patron of the XTERRA Pan America Tour.
TORONTO (BRAIN) — Cervélo Cycles appointed Robert de Jonge as its managing director effective Feb. 1. The company also announced that Jesse Porter had joined the company on Jan. 1 as global sales director.
IRVINE, Calif. (BRAIN) — The coupling of a 110-year-old French winter sports brand and a teenaged American bicycle company was a perfect match, said Bill Duehring, president of Felt Bicycle.
PHILADELPHIA (BRAIN) — Super Bowl viewers may see at least one bicycle during the ad breaks on Sunday (and on Youtube before and after the game). In a Skittles candy ad, retired NFL player Marshawn Lynch pedals an SE Bikes Fat Ripper around Houston.
IRVINE, Calif. (BRAIN) — Rossignol Group, the French ski company, has agreed to acquire Felt Bicycles.
CARLSBAD, Calif. (BRAIN) — The founder of RinseKit, a portable shower system, is appearing on Friday's Shark Tank program on ABC. The company, which alreadysells through more than 1,500 retail locations, is hoping to expand further with help from the program's investors.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. on Thursday reported a widened fourth-quarter net loss of $115.7 million — its fifth consecutive quarter in the red — and a full-year loss of $419 million.
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