News
SAN VENDEMIANO, Italy (BRAIN) — PM&Partners SGR, an Italian private equity company, has become the majority shareholder in Cytech, the parent company of Elastic Interface and other cycling brands.
NEW YORK (BRAIN) — Peloton has completed its $420 million purchase of the Precor fitness brand from Amer Sports. Peloton said the acquisition provides U.S. manufacturing capacity, R&D resources and access to the commercial fitness equipment market.
Mel Pinto Imports was one of the first to introduce European race bikes, including Gitane, to the American market during the 1970s bike boom.
NEW YORK (BRAIN) — Rubber N' Road, a retailer that held two series of weekend pop-up events in the city last year, will hold its first 2021 events this month.
Like last year's events, the pop-ups are being hosted on Sundays only at Volvo Cars Manhattan, which is the car brand's flagship US studio.
MIAMI (BRAIN) — JBI was the victim of a ransomware attack Thursday, shutting down the global wholesale distributor's website. Customers' personal information was unaffected because it's stored off-site.
WASHINGTON (BRAIN) — The Paycheck Protection Program has been extended another 60 days until May 31 for small-businesses owners to apply for financial assistance in the wake of the COVID-19 pandemic.
SALT LAKE CITY, Utah (BRAIN) — Utah and North Dakota became the latest states to adopt the controversial Idaho Stop law, allowing cyclists to treat a stop sign as a yield sign.
NOVATO, Calif. (BRAIN) — Veer hopes to raise as much as $1.1 million. It will use proceeds to boost production and finalize the development of a new multi-speed belt drive.
Showers Pass founder Dave Morrow says the Biden administration intends to take on climate change in a substantial way.
TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19.
The campaign includes special packaging and QR codes that can confirm a product is authentic.
FRUITA, Colo. (BRAIN) — While COVID-19 precautions are relaxing in some areas, allowing some bike festivals to get back on the calendar, a lack of demo bikes might change the complexion of some events.
For starters, Ben Delaney notes, many bike brands now make their own carbon wheels instead of buying them from Enve.
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