Industry News
ERMUA, Spain (BRAIN) — Orbea, the Basque co-op bike manufacturer, had its sixth consecutive record sales year in 2021, hitting 282 million euros ($298 million). The co-op added 170 news jobs in the year, bringing its total workforce to nearly 1,000, with 90% of its workers in Europe.
DULUTH, Ga. (BRAIN) — Fox Factory’s CEO says the mountain bike industry will return to something like normal in the fourth quarter this year and he expects Fox’s bike-product sales to return to a more traditional growth rate following several years of very high growth.
CHICAGO (BRAIN) — Registration and recovery nonprofit Bike Index surpassed 800,000 registrants and recovered more than 10,500 stolen bikes as of Friday.
Entering its ninth year, Bike Index, with a staff of five and a volunteer ambassador program, has recovered bikes worth an estimated $18.3 million.
FOUNTAIN VALLEY, Calif. (BRAIN) — Shimano Inc. has sold off its apparel brand, Pearl Izumi, to United Sports Brands, the parent of Nathan, Cutters, and Shock Doctor, among other brands.
Pearl Izumi will join Nathan, which offers running accessories and apparel, in USB's new outdoor division.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. first-quarter revenue was up 6% year-over-year with the company's profitability being credited to adopting a more direct-to-consumer subscription-oriented business model.
BALTIMORE (BRAIN) — The Cyclery Bike Shop and Athlos Performance Apparel collaborated on a jersey design to help the families of two California cyclists killed by an impaired driver last month in Utah.
Brothers Matthew and Adam Bullard were killed on April 9 in Washington City while completing an event.
SAN FRANCISCO (BRAIN) — InGoodTaste, a creative consultancy with industry clients, announced it will support woman's abortion rights by reimbursing employees for travel and supplemental medical costs above insurance coverage if they live in an area that eventually could restrict their choice.
IRVINE, Calif. (BRAIN) — Don DiCostanzo has heard the stories. The 14-year-old with bone cancer regenerated leg movement riding an e-bike after having surgery. A woman who began e-biking to recover from a heart transplant. Another battling a muscular disease now is able to maintain mobility with the help of an e-bike.
ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. will separate its shooting sports and ammunition brands from outdoor sports brands — including Bell, Giro, Blackburn, CamelBak and QuietKat — by splitting into two distinct publicly-traded companies.
For the first time since the brand was acquired from Groupe Rossignol, it will have complete bikes, a new gravel model and a supply of frames available in the U.S.
MORGAN HILL, Calif. (BRAIN) — Specialized has appointed Armin Landgraf as its Chief of Worldwide Markets, effective May 1.
SHERBROOKE, Quebec (BRAIN) — Paul Mckenzie, the longtime owner of the Arkel bike bag brand, has sold the company to Marc Desrosiers, a former product developer at Bombardier Recreational Products.
WASHINGTON (BRAIN) — The U.S. Senate Energy and Natural Resources Committee moved a policy package to the Senate floor Tuesday that would fund recreation infrastructure and expand access on federal public lands.
NEWARK, N.J. (BRAIN) — A federal judge has approved delaying the civil case against Samuel J. Mancini, the CEO of an investment group that planned to buy up several Italian cycling brands.
CORTEZ, Colo. (BRAIN) — Osprey Packs announced Thursday that CEO Layne Rigney will leave the company at the end of the day following nearly six years. Rigney recently guided Osprey through the Helen of Troy acquisition.
STOCKHOLM (BRAIN) — Helmet technology company MIPS increased first-quarter net sales by 65% year-over-year with its Sports division growth being led by snow products and less by the bike products.
TOKYO (BRAIN) — Shimano Inc.’s stock price fell nearly 14% on Wednesday following the release of its first-quarter earnings report Tuesday.
OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products.
NEW YORK (BRAIN) — Many of New York's tragic and highly visible fires have involved e-scooters and e-motorcycles. Does the distinction matter?
ATLANTA (BRAIN) — While several former employees of Wahoo Fitness have told BRAIN in recent days that they had been laid off, the company on Tuesday announced it had purchased RGT Cycling, a virtual cycling platform.
Pages
Upcoming Events
1600 Pearl St., Ste 300
Boulder, CO 80302
This website copyright © 2024.
All rights reserved
