Industry News

DENVER (BRAIN) — Revved, the parent company of closed mountain bike brand Guerrilla Gravity, is auctioning its manufacturing equipment this month following the appointment of a state court receiver. 

KOBLENZ, Germany (BRAIN) — Privately held Canyon Bicycles announced Monday that its year-on-year sales increased 23% in the first nine months of 2023. However, the company recorded a loss of 1.3 million euros in the period due to discounting and a shortage of some models that were in high demand.

Tagged Earnings/Financial Reports

WALDSASSEN, Germany (BRAIN) — Accell Group no longer will manufacture Ghost Bikes in Germany, with the brand's production being integrated into Accell's European manufacturing network.

(BRAIN) — Park Tool has opened the application window for its 2024 Community Tool Grant program; applications will be accepted until Dec. 31.

Now in its ninth year, the program has so far donated over $120,000 worth of tools to deserving organizations throughout the world.

MINNEAPOLIS (BRAIN) — United Sports Brands, which acquired Pearl Izumi from Shimano in May last year, has been acquired by Norwest Equity Partners. NEP is a previous owner of Shock Doctor, the athletic brand that evolved into USB.

Tagged Mergers, Acquisitions & Investments
Managing partner of group that acquired 3T last year will step in as CEO.
René Wiertz

BERGAMO, Italy (BRAIN) — René Wiertz, who has been with 3T for 16 years and helped transition it from parts supplier to a gravel bike brand with production in Italy, is stepping down.

Yoon Kim.

Kim is well known in the outdoor industry, he's also making a mark in the bicycle industry.

New owner promises US assembly and service.

DEERFIELD BEACH, Fla. (BRAIN) — The Serial 1 e-bike brand, which was founded by Harley-Davidson, has been sold to LEV Manufacturing, Inc., formerly known as Life Electric Vehicles, Inc.

Tagged Electric bike / Mergers, Acquisitions & Investments

A version of this story ran in the November issue of BRAIN.

WASHINGTON (BRAIN) — Buzzy Cohn had enough to deal with immediately following a bike crash after he hit a hubcap in the roadway during a group ride in 2012. He didn't need anymore painful news.

Tagged From the Magazine

RAPID CITY, S.D. (BRAIN) — Strider Bikes will donate more than $100,000 in balance bikes to benefit 645 kids in local charities here, where the company is based.

FRUITA, Colo. (BRAIN) — Canfield Bikes will distribute service parts for Guerrilla Gravity bikes, which ceased operations in September.

NEW YORK (BRAIN) — E-bike reseller Upway announced a $30 million Series B investment on Thursday, doubling the brand's total funding to $60 million.

Tagged Electric bike / Mergers, Acquisitions & Investments
Trek briefly sold a Lance Armstrong lunchbox, but never registered its trademark for use on lunchboxes.

WASHINGTON (BRAIN) — The U.S. Court of Appeals for the Federal Circuit has upheld the registration of the Ranger Trek trademark, which Trek Bicycle had opposed.

GARDEN GROVE, Calif. (BRAIN) — After 45 years in business, Pace Sportswear closed at the end of last month, the result of declining sales following the pandemic.

DULUTH, Ga. (BRAIN) — Fox Factory announced Wednesday morning that it had completed its acquisition of Marucci Sports, a baseball/softwall equipment brand that also owns the Lizard Skins and Oury grip and handlebar tape brands.

Tagged Mergers, Acquisitions & Investments

(VELO) — GCN+ — the live streaming service as part of the Global Cycling Network — is closing effective Dec. 19.

Brad Burton.

BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: Which point-of-sale system does your shop use, what are the costs, and how satisfied are you with it?

Tagged From the Magazine
Chris Nolte, left, and Justin Kosmides.

DETROIT (BRAIN) — The co-founders of Propel Bikes and Vela Bikes announced Monday the creation of Bloom, a vertical integration partner for light electric vehicles, with its first manufacturing location in the Motor City.

Tagged Electric bike

TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first three quarters of the year were NT$62.1 billion ($1.97 billion), a decrease of 12.4% from the same period last year. The manufacturer's net income after tax was NT$3.12 billion, a 45% decrease year-over-year.

Tagged Earnings/Financial Reports

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