Industry News
TAIPEI, Taiwan (BRAIN) — Merida, one of the largest bike makers in Taiwan and a significant investor in Specialized, posted third-quarter revenues of NT$7.3 billion ($256 million), down slightly from the NT$7.8 billion the manufacturer generated in the same quarter last year.
WASHINGTON (BRAIN) — The Senate has passed a bill that would award the Congressional Gold Medal to three-time Tour de France winner Greg LeMond. The bill, which now goes to the president's desk to be signed, would make LeMond the tenth individual athlete to receive the medal.
MILWAUKEE (BRAIN) — Harley-Davidson's e-bike division released pre-order pricing for its four models, three of which will be available in the spring of 2021.
MONTEREY, Calif. (BRAIN) — The Sea Otter Classic plans to hold its event about a month later than usual next year, announcing 2021 dates of May 20-23.
MONTRÉAL (BRAIN) — Dorel Industries has agreed to a buy-out offer from a group backed by Cerberus Capital led by a family group that includes CEO Martin Schwartz and other current Dorel executives.
ALLENTOWN, Pa. (BRAIN) — A federal judge dismissed a suit Olympic medalist Marty Nothstein had filed against USA Cycling. The suit stemmed from sexual misconduct allegations — later found to be false — that emerged after Nothstein announced his candidacy for the U.S. House in 2018.
HAMBURG, Germany (BRAIN) — Trek Bicycle shut down its European Electra headquarters here on Tuesday and consolidated its functions at the Trek office in Switzerland.
CAPE TOWN, South Africa (BRAIN) — Protective equipment manufacturer Leatt Corp. reported its best third quarter in company history with revenue increasing 18% and net income by 22% year-over-year.
HOVE, England (BRAIN) — The company that offers the Bike Rental Manager software is planning a app that will allow consumers to find and book rental bikes online from across all participating rental operations.
MOAB, Utah (BRAIN) — After having to cancel its 2020 events, organizers of the Outerbike bike demo series have announced a calendar of events for next year, starting in the third quarter. Outerbike also is releasing more details of the online bike-finder feature it originally announced in July.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. said its sales were up 38% between July and October compared to the same period last year. The company has revised up its forecast, now saying its full-year earnings before interest and taxes will exceed last year's EBIT.
BRASELTON, Ga. (BRAIN) — Fox Factory said it was able to meet heightened consumer demand while also improving gross margin despite "an uncertain and complex manufacturing environment."
SANTA CRUZ, Calif. (BRAIN) — The U.S. office of Gazelle Bikes will be distributing Urban Arrow Family e-cargo bikes in North America in 2021.
TAICHUNG, Taiwan (BRAIN) – Giant Group’s third-quarter revenue jumped 14.6 percent over last year’s to NT$19.47 billion ($681.4 million) thanks to a surge in worldwide demand for bicycles and e-bikes.
DURHAM, N.C. (BRAIN) — Nearly two years after Advanced Sports Enterprises and its subsidiaries filed for bankruptcy, the case drags on.
NEW YORK (BRAIN) — Market indexes soared Monday on Pfizer's good news about a COVID-19 vaccine. However, some bike-related stocks were trading down as investors bet riding — indoors or outside — will be less popular in a post-COVID world.
MONTRÉAL (BRAIN) — Raymond Lanctôt LTD has signed a multi‐year agreement to distribute Mavic products in Canada.
MONTRÉAL (BRAIN) — Dorel Sports, the parent of Cannondale, Schwinn, Mongoose, Pacific and other brands, reports third-quarter sales of $306 million, a 22.1% increase over the same period last year.
STOCKHOLM (BRAIN) — Led by demand for bicycle helmets, MIPS reported net sales increased 94% year-over-year in the third quarter.
Net sales increased to SEK 102 million ($11.8 million) from SEK 53 million for the quarter ending in September.
NEW YORK (BRAIN) — Peloton is forecasting total revenue of $1 billion in its fiscal second quarter, roughly the final quarter of this year's calendar.
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