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BERLIN (BRAIN) — Signa Sports United says it will restructure — including terminating some non-performing assets — due to the industry's "subdued demand and market overstock." SSU also plans to delist from the New York Stock Exchange, where its stock price has plummeted in recent months.
![Greyp T5.0. Greyp T5.0.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/t5.0_gobe_brown_side_shot_final_1_w_1920.png?itok=aQFlc3nx)
SVETA NEDELJA, Croatia (BRAIN) — Porsche eBike Performance will eliminate the Greyp brand after acquiring a majority stake in the e-bike company in 2021.
![Parlee Cycles President and CEO John Harrison. Parlee Cycles President and CEO John Harrison.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/john_harrison.jpg?itok=zqSzLQV6)
BEVERLY, Mass. (BRAIN) — Parlee Cycles' John Harrison has a message for retailers and the industry.
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ANOKA, Minn. (BRAIN) — Vista Outdoor's Outdoor Products Segment — which contains Bell, Giro, Fox Racing, CamelBak, QuietKat and other bike brands — will get a new name when it's spun off from the rest of the company later this year.
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BANGKOK, Thailand (BRAIN) — Vittoria Tyres Thailand is opening a new 10,000-square-meter (108,000-square-foot) factory dedicated to cotton-casing tubular and clincher tires. The company said the factory, which will employ about 200 people, and is certified as carbon neutral by Climate Impact Partners.
![Joel Goralski Joel Goralski](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/p12_veloguide_founder_joel_goralski.jpg?itok=JoxELymG)
CALGARY, Alberta (BRAIN) — VeloGuide, an app that matched cyclists with independent local guides, has shut down, founder and CEO Joel Goralski announced Wednesday.
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PHILADELPHIA (BRAIN) — Trek, SRAM, a Taiwanese hub maker, a Trek-owned retail store and an independent Trek dealer are all named in a product liability case involving an alleged coaster brake failure two years after the coaster-brake hub was recalled.
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EL PASO, Texas (BRAIN) — While Helen of Troy's Home & Outdoor group net sales remained virtually unchanged year-over-year in the second quarter, overall revenue was down 5.7%.
![Cover of an OCP promotional document. The brands were never acquired. Cover of an OCP promotional document. The brands were never acquired.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/screen_shot_2021-07-25_at_11.38.08_pm_0_0_0_0.png?itok=sKFwALVo)
NEWARK, N.J (BRAIN) — Victims of what prosecutors call a “Ponzi-like” scheme to buy several Italian cycling brands are asking a judge to release pre-sentencing materials for Samuel Mancini, who has pleaded guilty to securities fraud in the case.
![From left, Taylor Little, Alex Conconi, and Malcolm Steenburgh. Photo by Clayton Little From left, Taylor Little, Alex Conconi, and Malcolm Steenburgh. Photo by Clayton Little](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/bicicletta.jpg?itok=FHjNc7ZQ)
VANCOUVER (BRAIN) — A trio of entrepreneurs and longtime cyclists here have acquired all assets of retailer Bicicletta, which filed for creditor protection in June after closing its retail s
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BEVERLY, Mass. (BRAIN) — Parlee Cycles, which entered Chapter 11 bankruptcy in February, has been acquired by John Harrison, who the company said is "an avid cyclist and independent investor."
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CHICAGO (BRAIN) — SRAM has publicly released its long-awaited Eagle e-MTB drive system, which includes a motor manufactured by Brose, integrates with SRAM mountain bike groups, and includes automatic shifting and shifting-while-coasting features.