News
GARDENA, Calif. (BRAIN) — After 50 years of selling and preaching the benefits of wool cycling clothing, John Kucharik Jr. is leaving the industry.
Kucharik Bicycle Clothing will close on Thursday, 88 years after his dad, John Kucharik Sr., began the business. Kucharik Sr. died in 2008 at age 93.
PORT WASHINGTON, N.Y. (BRAIN) — Alfred Todrys, who launched the company that became Todson, died this month at his home here. He was 97.
VENICE BEACH, Calif. (BRAIN) — Alec Wilimovsky, Andy Lau, and Jake Durrant created Ocean and San cycling apparel to manufacture casual but functional tops sized for all body types.
And to do it all in the U.S.
DENVER (BRAIN) — Samuel J. Mancini, who was arrested last July for securities fraud and other charges related to a plan to invest in cycling companies, is close to a plea deal with prosecutors on some charges, according to court documents.
OGDEN, Utah (BRAIN) — Tektro has developed a nine-speed drivetrain specifically for entry-level e-bikes that features a cassette with the three smallest sprockets being replaceable.
HAINESPORT, N.J. (BRAIN) — Margaret "Marge" A. Ronn, a long-time industry sales professional, died Jan. 8 from complications related to COVID. She was 72.
HEERENVEEN, Netherlands (BRAIN) — A consortium headed by Kohlberg Kravis Roberts & Co. reached a conditional agreement to buy the Accell Group N.V. The group, which includes Teslin Alpine Acquisition B.V., reached agreement on an all-cash offering for the shares for 1.56 billion euros ($1.76 billion).
RIVERSIDE, Calif. (BRAIN) — Online retailer Jenson USA will provide suspension service, pledging factory-level repair for forks and shocks.
NEW YORK (BRAIN) — A CNBC report that Peloton had paused production of its exercise bikes because of slackening demand caused the company's stock price to fall to a two-year low on Thursday.
SAN DIEGO (BRAIN) — Tony Ellsworth is returning to his namesake mountain bike brand after a four-year absence to become chief development/design officer.
BROOMFIELD, Colo. (BRAIN) — Two Colorado-based bike e-commerce retailers have merged.
On Dec. 9, Colorado Cyclist, based in Colorado Springs, merged with Broomfield-based Planet Cyclery. Both are now owned by Velo Operating, LLC., a new company now headquartered at Planet Cyclery’s facility.
DETROIT (BRAIN) — Cardinal Cycling Group, a new company formed last year to acquire the TIME bicycle business from Rossignol, has acquired Detroit Bikes.
CHICAGO (BRAIN) — SRAM announced Wednesday the acquisition of cycling computer brand Hammerhead. The transaction was completed Dec. 30.
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