News
BERGAMO, Italy (BRAIN) — 3T Cycling is the latest bike company to reveal that it has converted its factory to make devices for the medical industry. The Italian brand is running its 3D printer 24 hours a day to make a valve part for a ventilator mask.
SANTA FE, N.M. (BRAIN) — More state and local officials are declaring bike shops "essential" businesses that can stay open despite shut-down orders due to the COVID-19 pandemic. However, several jurisdictions have reversed course in what is a constantly changing landscape across the country.
GRAND JUNCTION, Colo. (BRAIN) — While officials in many regions are restricting travel and other activities due to the COVID-19 pandemic, some are questioning the legality of some orders that affect outdoor activities on public lands.
NEW YORK (BRAIN) — Advance, the owner of Condé Nast and other media properties, has entered a definitive stock purchase agreement with Wanda Sports Group Company Limited to buy The Ironman Group.
NEW YORK (BRAIN) — As part of its LyftUp initiative, Lyft will provide free access to its bike-share programs in three metropolitan cities for health-care workers during the COVID-19 pandemic.
CAPE TOWN, South Africa (BRAIN) — Protective gear manufacturer Leatt Corp. recorded a 16% increase in revenue for 2019 and a fourth-quarter rise of 32% year-over-year in financial results released through Dec. 31, 2019.
HEERENVEEN, Netherlands (BRAIN) — Accell Group said it has withdrawn a proposed dividend of 0.30 euros ($0.33) per share as part of its response to the COVID-19 pandemic.
SAN DIEGO (BRAIN) — De Soto Sport — makers of multisport clothing, wetsuits and accessories for triathletes — began manufacturing personal protective equipment this week, joining many other cycling and cycling clothing suppliers during the COVID-19 pandemic.
HAYWARD, Calif. (BRAIN) — Panaracer says it will honor commitments made to events this year, even if they are not held because of the COVID-19 pandemic.
The tire company was set to sponsor and/or exhibit at more than 30 events this year, in North America and Europe.
GRAND JUNCTION, Colo. (BRAIN) — Rack and accessory brand RockyMounts is shutting down its operations here due to the COVID-19 pandemic's effect on business.
KENT, Wash. (BRAIN) — REI Co-op extended the closure of its 162 stores indefinitely because of the COVID-19 pandemic.
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike organizers said in an email Wednesday they are preparing to hold the trade show and media events leading up to it as originally planned on Sept. 2-5 despite the COVID-19 pandemic.
However, uncertainty as to when the pandemic will end could change those plans.
PITTSBURGH (BRAIN) — Dick's Sporting Goods announced in a regulatory filing the temporary reduction of base salaries for its executive officers and other salaried employees, effective March 29, in response to the ongoing COVID-19 pandemic.
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