Industry News
AMES, Iowa (BRAIN) — As the German distributor Messingschlager pulls back from the U.S. market, industry veteran Nyle Nims has relaunched his 3PL business in Iowa, now called Cycle Source Logistics. CSL provides third-party logistics services to clients in and outside of the bike industry.
DELTA, British Columbia (BRAIN) — A 40-foot shipping container with 150 Biktrix e-bikes valued at more than $500,000 — including some 2025 prototypes — was stolen from a warehouse here during the early morning hours of March 19.
SHIREBROOK, England (BRAIN) — The Wiggle and Chain Reaction Cycles e-commerce websites will relaunch in the United Kingdom after Frasers Group acquired them and their house brands, including Nukeproof and Vitus Bikes.
NEWARK, N.J. (BRAIN) — Samuel J. Mancini is scheduled to report to the U. S. Bureau of Prisons in Colorado on Tuesday, April 2.
BOULDER, Colo. (BRAIN) — Industry group PeopleForBikes will work on a "comprehensive comment" in support of the Consumer Product Safety Commission's decision to address e-bike injury risks with new federal rules.
TAICHUNG, Taiwan (BRAIN) — On Wednesday, Giant Group's board approved its full 2023 financial report, which shows consolidated sales of NT$76.95 billion ($2.44 billion), an annual decline of 16.4%.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported year-over-year revenue declines for 2023 (38%) and the fourth quarter (10%), but CEO Sean Macdonald said the cycling and motorcycle protective brand sees better days ahead.
BOULDER, Colo. (BRAIN) — For our March magazine edition, we asked our State of Retail panel members: What are the market forces that you feel are most out of your control? What resources or training help you manage?
Unlike many in the industry, Haro Bikes has been busy expanding instead of contracting, brand officials told BRAIN at Taipei Cycle this week.
TAIPEI, Taiwan (BRAIN) — Crazy. The right thing to do. A reckoning. Those were some of the initial feelings from industry professionals who spoke to BRAIN at Taipei Cycle on Wednesday.
BOULDER, Colo. (BRAIN) — Trek Bicycle president John Burke has told company leaders that he has decided to “right size” the company by 10% in response to slow sales and high inventory levels. But he says the company's overall strategy remains unchanged.
LINDON, Utah (BRAIN) — Consumer direct brand Fezzari is shortening its brand name, rebranding as simply Ari effective Tuesday.
TAIPEI, Taiwan (BRAIN) — Taipei Cycle presented its 12th annual d&i awards Tuesday with seven products earning Gold status, but with sustainability an emerging topic in the industry and at the news conference, perhaps the most intriguing was the Green Prize winner.
OBERWANGEN, Switzerland (BRAIN) — E-bike brand myStromer AG said it achieved "sustainable" growth last year of more than 10%. The privately held company did not release financial details.
(BRAIN) — Gravel event series Grinduro is offering free event entries to members of the bike industry who have been recently laid off.
NEW YORK (BRAIN) Vista Outdoor Inc.'s board has rejected an unsolicited acquisition offer made last month by MNC Capital. The offer was to buy the company for $35 per share, a 17% premium over Vista Outdoor's current stock price, worth about $2.9 billion.
TAIPEI, Taiwan (BRAIN) — Taipei Cycle show begins Wednesday with 950 exhibitors — 100 more than last year when the island reopened to unrestricted international travel — spread over 3,500 booths.
AMES, Iowa (BRAIN) — Messingschlager USA told customers on Friday that HLC is taking over distribution for its brands in the U.S.
This article first ran in the February 2024 issue of BRAIN.
WAIKITE VALLEY, New Zealand (BRAIN) — While working as customer service manager for MTBDirect, an Australia-based e-commerce site, Lyndal Bailey heard one question repeatedly:
CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the fitness center company that also owns some bike events including the Sea Otter Classic, Unbound Gravel and Leadville 100 races, reported 2023 full-year revenues were up 21.6% from the prior year, to $2.2 billion.
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