Industry News
ANNECY, France (BRAIN) — Mavic is enjoying a new freedom following its sale to a U.S. investment group.
WASHINGTON (BRAIN) — Call it the battle of the emails in the war over e-bike access on non-motorized public lands.
COLORADO SPRINGS, Colo. (BRAIN) — Quality Bicycle Products has agreed to acquire Barnett Bicycle Institute from the National Bicycle Dealers Association for an undisclosed amount.
SAN FRANCISCO (BRAIN) — Bike-share company Lyft said Friday vandalism has not been ruled out as the cause for two Bay Wheels e-bikes catching fire in the past week and sidelining the entire fleet.
CHICAGO (BRAIN) — Share-bike company Social Bicycles — now known as JUMP and owned by Uber — filed a $75,000 lawsuit against the city of Chicago on Friday, alleging it improperly granted its primary competitor exclusive rights to operate.
LAFAYETTE, Colo. (BRAIN) — A Denver television station is reporting that police may have found the van involved in the hit-and-run collision that left industry veteran Andrew Bernstein in serious condition in the hospital.
MONTREAL (BRAIN) — Dorel Sports revenue was up 7.4% in the second quarter, to $241 million, according to a financial report Friday from Dorel Industries, the company's parent.
Dorel Sports contains the company's bike brands, Cannondale, Schwinn, Caloi, GT, Mongoose and KidTrax.
SAN FRANCISCO (BRAIN) — Lyft's share-bike division in the San Francisco Bay Area has removed its e-bikes from service after two caught fire within the past week. The first Bay Wheels e-bike ignited Saturday and the other on Wednesday, when Lyft removed the fleet. The battery appears to be the source. Nobody was injured.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenues increased by 3% to $292 million in the second quarter compared to the same period last year.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions Events, Inc., the parent company of the Outdoor Retailer trade shows and the on-hiatus Interbike show, saw revenues increase 31.4% in its second quarter, which ended June 30. Net income was up 93.2%, to $11.4 million for the quarter.
SHANGHAI (BRAIN) — President Donald Trump on Thursday said the U.S. will impose a 10% tariff on Chinese goods worth $300 billion in annual imports. That includes bicycle products not previously subject to new Trump tariffs, including helmets, lights, apparel and shoes.
BEND, Ore. (BRAIN) — The Robert Axle Project, which manufacturers aftermarket thru axles, has purchased Old Man Mountain Products, which makes racks for suspension mountain bikes. The two brands will operate as separate brands, but both will be based in Bend, Oregon.
IRVINE, Calif. (BRAIN) —The National Bicycle Dealers Association extended the application period for the 2019 America's Best Bike Shops program through Aug. 31.
KNOXVILLE, Tenn. (BRAIN) — A Knoxville lawfirm is investigating a potential class-action lawsuit against companies that sell bike helmets lacking new anti-concussion technology like MIPS.
BOULDER, Colo. (BRAIN) — Police have released photos of what they believe is the van whose driver struck industry veteran Andrew Bernstein on July 20 and then fled the scene. Bernstein, who was cycling on the shoulder of a road east of Boulder, was later discovered by a passing motorist.
BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. reported that sales in its Specialty Sports Group — its bike-related business — were up 3.1% in the second quarter, which ended June 28. The Specialty Sports Group includes the Fox, Marzocchi, Easton cycling and RaceFace brands.
REUTLINGEN, Germany (BRAIN) — Bosch eBike Systems is taking a 50% stake in Magura Bike Parts, a subsidiary of Magura. The new venture, called Magura Bosch Parts & Services, will handle service and replacement parts distribution for Bosch e-bike systems in Europe. A spokesman at Bosch's U.S.
OLATHE, Kan. (BRAIN) —Garmin Ltd. posted record second-quarter revenue of $955 million, an increase of 7% over the prior year's quarter and raising revenue expectations for the rest of the year.
BOULDER, Colo. (BRAIN) — The Senate Environment and Public Works Committee on Tuesday passed America's Transportation Infrastructure Act. Authorized at $287 billion over five years, the ATIA represents a 27 percent proposed increase in funding for the Federal Aid Highway program, which PeopleForBikes supports.
DENTON, Texas (BRAIN) — Bunch Bikes has expanded its cargo bike offerings and is now selling through bike shops in addition to its intial consumer-direct sale model.
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