Industry News
FRANKFURT (BRAIN) — For the first time, Eurobike is offering exhibitors the option to attend only the event's three trade days and not the event's final two-day consumer bike festival.
LEXINGTON, Ky. (BRAIN) — Private equity firm MiddleGround Capital announced Tuesday that it acquired HLC. Terms of the deal were not disclosed.
TACHERTING, Germany (BRAIN) — PIERER Industrie AG has acquired a majority stake in the component brand Syntace and its bike brand, Liteville.
WASHINGTON (BRAIN) — The industry expressed disappointment that the Inflation Reduction Act leaves out an e-bike tax credit and other initiatives that were part of more ambitious but failed climate-change legislation earlier this year. But proponents won't stop advocating for federal subsidies and expanding those on the state level.
POW Bike is an initiative that seeks to get the bicycling community to vote for pro-climate candidates and the bike industry to use its economic leverage to push for a transition to renewable energies.
BOULDER, Colo. (BRAIN) — Due to a plague of spam in recent weeks, we've flipped the switch so that web comments on this site will appear only after a human has approved them.
BOULDER, Colo. (BRAIN) — Matt Moore, who has been distributor QBP's general counsel since 2005, has joined the industry trade group PeopleForBikes in the same role.
DARMSTADT, Germany (BRAIN) — Markus Riese will step away from executive duties of e-bike manufacturer Riese & Müller and focus on innovation.
BOULDER, Colo. (BRAIN) — For our September magazine edition, we asked our State of Retail panel members: Describe your store's social media usage and how it’s changed since the pre-COVID period?
GRAND RAPIDS, Mich. (BRAIN) — The trade and consumer event formerly known as Recumbent Cycle-Con has been renamed as Cycle-Con to reflect more openness to the conventional cycling community. The event will be held next month for the first time in two years because of COVID-related cancelations.
BOULDER, Colo. (BRAIN) — Austin Butler, 23, pleaded guilty to several felony accounts, including an organized crime charge.
AMSTERDAM (BRAIN) — Pon.Bike, owner of Cannondale, Cervelo, Santa Cruz, Gazelle and other brands, has announced plans to buy the Dutch e-bike brand Veloretti. Veloretti was founded 10 years ago and sells bikes consumer direct in Europe.
Wels, AUSTRIA (BRAIN) — Pierer Mobility AG — the Austrian company that owns Felt Bicycle and the Husqvarna, GASGAS and R Raymon e-bike brands — said its sales of e-bikes were down 12% in the first half, partly due to supply chain constraints.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products reduced its U.S. workforce by 6% on Wednesday, cutting jobs across all departments at its U.S. facilities.
The company said its U.S. and Canadian distribution centers remain fully operational.
DENVER (BRAIN) — Rob Wesson, a former vice president and general manager at Giro Sport Design, has joined Denver's Revved Industries as its president and CEO. Revved's former CEO, Ken Friedman, has moved to the company's Board of Directors.
PHILADELPHIA (BRAIN) — Bosch eBike Systems will conduct an hour-long session at next month's Philly Bike Expo, aimed at dealers, consumers and other industry members.
BOULDER, Colo. (BRAIN) — The new Outside Interactive vice president and general manager of its Cycling Group realized early on that the gap between being a strong junior downhill racer and an elite one was a bit too wide.
BALTIMORE (BRAIN) — A lawsuit in Maryland federal court alleges the front fork of a Mate.Bike folding e-bike failed as plaintiff Benjamin White rode off a curb, allegedly causing White severe injuries and permanent disfigurement.
NEW YORK (BRAIN) — Peloton Interactive reported a fourth-quarter net operating loss of $1.2 billion on Thursday as the indoor fitness company continues its downturn following rapid growth during the pandemic. It was the sixth consecutive quarter of reported losses.
FRANKFURT (BRAIN) — Stateside brick-and-mortar retailers don't get the warm and fuzzies at the mention of Wiggle and Chain Reaction Cycles, two UK-based e-commerce sites that were once notorious for selling discounted components into the U.S. market.
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