Industry News

Cover of an OCP promotional document. The brands were never acquired.

NEWARK, N.J (BRAIN) — Victims of what prosecutors call a “Ponzi-like” scheme to buy several Italian cycling brands are asking a judge to release pre-sentencing materials for Samuel Mancini, who has pleaded guilty to securities fraud in the case.

From left, Taylor Little, Alex Conconi, and Malcolm Steenburgh. Photo by Clayton Little

VANCOUVER (BRAIN) — A trio of entrepreneurs and longtime cyclists here have acquired all assets of retailer Bicicletta, which filed for creditor protection in June after closing its retail s

BEVERLY, Mass. (BRAIN) — Parlee Cycles, which entered Chapter 11 bankruptcy in February, has been acquired by John Harrison, who the company said is "an avid cyclist and independent investor."

SEATTLE (BRAIN) — Rad Power Bikes defended its quality control standards and denied the liability claim of a class-action lawsuit filed last week that a faulty fork and quick-release skewer design can cause the wheel to disengage.

Tagged Lawsuits/legal / Electric bike
The Mavic USA crew at the new headquarters. JaredKatzPhotography

WATERBURY, Vt. (BRAIN) — Mavic, which was acquired in 2020 out of receivership by the French investment group Bourrelier, has had no presence in the U.S. market since at least that time, leaving retailers and consumers to struggle to find repair parts and service.

Plaintiff's counsel: 'Rad Power Bikes put profit over the safety of its riders.'

SEATTLE (BRAIN) — A Maryland man filed a class-action lawsuit against Rad Power Bikes on behalf of himself and other consumers for manufacturing a faulty fork and quick-release skewer design that combined with the weight of the bike can allow the wheel to disengage.

Tagged Lawsuits/legal / Electric bike

STOCKHOLM, Sweden (BRAIN) — Derek Bouchard-Hall, a former elite cyclist and former CEO of USA Cycling and Assos, has joined POC as CEO.

BROOMFIELD, Colo. (BRAIN) — SmartEtailing, a longtime provider of retailer e-commerce websites and related services, is adding a point of sale option for the first time.

NEW YORK (BRAIN) — The City Council on Thursday approved a two-year city-funded trade-in program to get uncertified e-bikes and lithium-ion batteries off the streets in the latest legislative action to reduce the growing number of fires that have averaged four a week.

Tagged Electric bike

SEATTLE (BRAIN) — Rad Power Bikes announced Tuesday that all of its e-bikes and lithium-ion batteries will meet UL certification going forward.

Tagged Electric bike

BOULDER, Colo. (BRAIN) — The industry's e-bike battery recycling program has collected and recycled more than 43,000 pounds of batteries since the program began in November 2021.

Tagged Electric bike
Ilya Nikhamin and Kasia Nikhamina.

BOULDER, Colo. (BRAIN) — For our September magazine edition, we asked our State of Retail panel members: How does your shop manage e-bike battery risk? What steps do you take to manage uncertified batteries, and do you participate in any battery recycling programs?

Tagged Electric bike / From the Magazine
Amer also is the parent of Wilson, Salomon, Arc’teryx and other brands.

NEW YORK (BRAIN) — Bloomberg is reporting that Amer Sports has made a confidential filing for an initial public offering in the U.S. that would value the company as high as $10 billion.

SAN FRANCISCO (BRAIN) — A trial date was established Thursday in a man's lawsuit claiming general negligence, product liability, and breach of warranty against Rad Power Bikes after the case management conference was canceled.

Tagged Lawsuits/legal / Electric bike
Getty image

WASHINGTON (BRAIN) — The U.S. Trade Representative has extended its tariff exclusions for some China-made bicycle products until Dec. 31.

Tagged Tariffs

WATERLOO, Wis. (BRAIN) — Despite the marketplace awash with new bike inventory, Trek Bicycle is encouraging cyclists to buy used in the name of sustainability through its new Red Barn Refresh program.

Tagged DEI and Sustainability

TAIPEI, Taiwan (BRAIN) — Speed Tech, an electrical connector supplier, says VanMoof Asia owes it $5,038,000.

Zwift will sell Wahoo hardware and Wahoo will offer trainers bundled with Zwift software subscriptions.
The Wahoo Kickr Core.

WILMINGTON, Del. (BRAIN) — A year to the day after Zwift launched its first stationary trainer, the Hub — which led Wahoo Fitness to quickly file suit for patent infringement — Zwift and Wahoo are announcing terms of an "amicable settlement" that include each company selling bundles containing the other’s products.

BOZEMAN, Mont. (BRAIN) — Vista Outdoor made a public filing with the Security and Exchange Commission Tuesday, revealing details of its plan to spinoff its outdoor sports brands into a new company separate from its ammunition business. 

Carsten and Gaby Sommer and Sven Bauer, right.

SCHLITTERS, Austria (BRAIN) — Lithium-ion battery manufacturer The BMZ Group acquired e-bike brand Nox Cycles Austria, its sister companies in Germany and Switzerland, and the Hawk Bikes brand.

Tagged Electric bike / Mergers, Acquisitions & Investments

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