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Turns out there are a lot of details to work out when acquiring and relaunching a global bike brand. Here are some takeaways.
Kona founders Jake Heilbron and Dan Gerhard shared this letter to the industry with BRAIN readers on Monday.
(BRAIN) — The founders of Kona Bicycles have repurchased the brand they sold to private equity-backed Kent Outdoors in December 2021.
OBORNIKI, Poland (BRAIN) — DT Swiss is now assembling all its forks, shocks, dropper posts and remote levers at its DT Swiss Polska Sp. facility in Poland. Previously the assembly was done at the company's facility in Taichung, Taiwan.
WASHINGTON (BRAIN) — The House of Representatives approved the bipartisan Setting Consumer Standards for Lithium-Ion Batteries Act on Wednesday that would establish a federal safety standard for rechargeable lithium-ion batteries in mobility devices like e-bikes and e-scooters.
MORGAN HILL, Calif. (BRAIN) — Specialized has made another change at the top, naming former Pon.Bike and Canyon Bicycle chief Armin Landgraf its new CEO replacing Scott Maguire, who will lead the brand's new innovation and technology division.
WASHINGTON (BRAIN) — It's unclear if the Biden administration's proposed steep increases in tariffs on Chinese EVs will affect the bike industry.
Inventory is a crucial asset, but it can also be an albatross.
DETROIT (BRAIN) — Light electric vehicle vertical integration partner Bloom added Cleveland-based LAND Energy as its e-moto battery supplier.
TAIPEI, Taiwan (BRAIN) — Giant Manufacturing says bike sales in China continue to be a bright spot, but inventory reductions in Europe and North America continue to dampen overall sales.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's first-quarter revenues dropped 19% year-over-year as the cycling and motorcycle protective brand's dealers and distributors continue to deal with excessive inventory levels.
WASHINGTON (BRAIN) — Some Korimefa multi-purpose helmets are being recalled because they do not comply with the Consumer Product Safety Commission's positional stability requirements for bike helmets.
About 60 helmets are affected by the recall. No injuries or incidents have been reported.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue declined 11% year-over-year, but founder and CEO Nicholas Woodman said the $155 million in sales exceeded its first-quarter target.
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