News

Posted September 18, 2020
Cycling apparel company opens visitor center to showcase Old Fort's outdoor potential

OLD FORT, N.C. (BRAIN) — If the town needed another sign that the Old Fort Ride House was quickly taking shape, it got one — literally — in late July when a wooden Pisgah National Forest sign arrived on loan from the Forest Service during an employee training day.

Posted September 17, 2020

GIRONA, Spain (BRAIN) —The Sea Otter Europe cycling festival has been canceled, but organizers said that some of the event's races will be held under stringent COVID-19 measures. The event was to have been held Sept. 25-27.

Posted September 17, 2020
Jeff McGuane

IRVINE, Calif. (BRAIN) — Jeff McGuane’s credentials fit Fox Racing like a pair of its gloves. From president of Cycling Sports Group to U.S. general manager at Specialized Bicycles, McGuane’s 26-year industry career seems perfectly tailored for someone wanting to restyle the iconic apparel brand upon his arrival as CEO last year.

Posted September 16, 2020

LONG BEACH, Calif. (BRAIN) — Zwift has raised a $450 million minority investment from a group led by the investment firm KKR, bringing the virtual cycling brand to a valuation of over $1 billion.

Posted September 16, 2020
 VanMoof raised $40 million from Norwest Venture Partners, Felix Capital and Balderton Capital.

AMSTERDAM (BRAIN) — E-bike manufacturer VanMoof announced Wednesday it raised $40 million from Norwest Venture Partners, Felix Capital and Balderton Capital as it continues to expand its market share in North America, Europe, and Japan.

Posted September 16, 2020
Potter in the old store.

BOULDER, Colo. (BRAIN) — Vecchio's Bicicletteria, known globally as a picturesque retro-styled roadie hangout, is getting ready to move from the location on Boulder’s Pearl Street it has occupied since its founding in 2000.

Posted September 15, 2020
Company seeks to recapitalize as investor TSG Partners to exit.
Roman Arnold (left) with Armin Landgraf.

KOBLENZ, Germany (BRAIN) — Canyon Bicycles announced news on several fronts Tuesday.

Posted September 15, 2020

The pandemic that has crippled the supply chain has also shown the importance of great retail staff.

Posted September 15, 2020

MONTEREY, Calif. (BRAIN) — Sea Otter Play, a virtual event for consumers, opens Thursday with more than 100 participating companies representing 250 brands.

Posted September 15, 2020

TAIPEI, Taiwan (BRAIN) — Organizers of next March's Taipei Cycle show have added a virtual element to the event.

Posted September 15, 2020
MEC, which has about 5 million co-op members, will become a privately-owned company.
A MEC location in Toronto earlier this year.

VANCOUVER, British Columbia (BRAIN) — Mountain Equipment Co-op, Canada's outdoor gear co-op, has agreed to be acquired by Kingswood Capital Management, LP, a Los Angeles-based investment group.

Posted September 15, 2020

SEATTLE (BRAIN) — REI Co-op completed the sale of its new corporate office complex to Facebook for $390 million on Monday.

Posted September 15, 2020

(BRAIN) — Trek Bicycle is getting highly analytical when it comes to how bicycle rims slice through the air.

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