Industry News
BALTIMORE (BRAIN) — U.S. Customs and Border Protection and the U.S. Consumer Product Safety Commission combined to seize nearly 600 girls bikes that authorities said were coated in pink paint with excessive levels of lead.
TAMPA, Fla. (BRAIN) — A U.S. District judge has ruled that when would-be Ironman competitors agreed to a no-refund policy at registration, that meant exactly what it sounded like.
NEW YORK (BRAIN) — Trek Bicycle is being sued for $5 million by a New York man who says the company is making misleading claims that its Bontrager WaveCel helmets are safer than other brands.
WASHINGTON (BRAIN) — Bike imports in the first 11 months of last year were up 29.4% if you count by bike unit, and up 12.2% if you count by the imports' dollar value. In the period, the average import value of a bike fell 13%, from $92 to $80.
NEW YORK (BRAIN) — A nonprofit bicycle and pedestrian rights group released a comprehensive report advocating for more secure bicycle parking in the city, arguing that this deficiency suppresses commuting and has a disproportionate impact on lower-income residents and people of color.
MONTRÉAL (BRAIN) — Dorel Industries, which had planned a special shareholder meeting for Jan. 12 to vote on accepting an offer to go private, has now delayed that meeting until Feb. 16.
BRIDGEPORT, Conn. (BRAIN) — A former Specialized Bicycle graphic designer is charging that she was terminated in violation of federal and state civil rights and employment laws.
NEW YORK (BRAIN) — Peloton has agreed to acquire Precor, one of the largest global commercial fitness equipment providers, in a transaction valued at $420 million.
NEW YORK (BRAIN) — Six people filed individual lawsuits last week against the bike-share company Motivate/Lyft and component manufacturer Shimano North America after being injured during falls nearly two years ago. The suits blame excessive front brake force for the crashes.
LOS ANGELES (BRAIN) — Roy Wallack, a long-time cycling and outdoors journalist and adventurer, died Saturday after a mountain bike crash in the Santa Monica mountains. He was 64.
LOS ANGELES (BRAIN) — The venture capital conglomerate Rokit Made is entering e-bike manufacturing.
WEST CONSHOHOCKEN, Pa. (BRAIN) — Industry veterans Steve Harad and Andy Shaub are heading up a new North American office for Promovec, a Danish company that makes e-bikes, motors and conversion kits for the consumer and OE markets.
MORGAN HILL, Calif. (BRAIN) — Bikes valued at more than $160,000 were taken from the company's headquarters during a weekend daytime break-in and robbery.
COTATI, Calif. (BRAIN) — Yuba Bicycles has hired industry veteran Pat Cunnane to serve as president of its North American operations and COO of its global business.
MARSHALL, Texas (BRAIN) — Mad Dogg Athletics Inc., one of the pioneers in studio cycling, is suing Peloton for patent infringement. Mad Dogg says Peloton infringes on two of its patents on electronic stationary bikes.
BOULDER, Colo. (BRAIN) — Walmart has joined the PeopleForBikes Coalition and its executive vice president, Daniel Trujillo, will join the coalition's board of directors.
BRUSSELS (BRAIN) — Groupe Bruxelles Lambert, a Belgium-based investment group, has agreed to acquire a majority share in Canyon Bicycles. GBL was joined by Tony Fadell, a former senior vice president of Apple's iPod division and co-developer of the iPod. Roman Arnold remains the largest individual shareholder in Canyon, with 40% of its shares.
SAN DIEGO, Calif. (BRAIN) — Knolly Bikes Inc., a bike manufacturer based in Burnaby, British Columbia, is suing Intense Cycles, Inc. for alleged patent infringement involving a rear suspension design.
LONDON (BRAIN) — Besides the 25% tariff the European Union imposed on U.S. bike frame imports last month, which BRAIN wrote about last week, stationary bike trainers also got hit with the duty.
SALT LAKE CITY, Utah (BRAIN) — Fit Kit Systems is now distributing cleat shims and wedges and in-shoe wedges from UK-based Form Bikefit.
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