News
DURHAM, N.C. (BRAIN) — A U.S. bankruptcy judge has ruled that a liquidator company may not promote sales at some Performance Bicycle locations as "Store Closing," "Going Out of Business," "Liquidation Sale," "Bankruptcy Sale" or similarly themed sale events.
DURHAM, N.C. (BRAIN) — Taiwan-based manufacturer Ideal Bicycle Corp. has told the bankruptcy court here that it opposes Advanced Sports Enterprises' request to be released from its manufacturing and licensing agreements with Ideal.
HELSINKI (BRAIN) — Bloomberg is reporting that Chip Wilson, the founder of yoga apparel brand Lululemon Athletica Inc., is set to join the investor group that is trying to buys Amer Sports, which owns Mavic, Enve and other brands.
RICHMOND, Calif. (BRAIN) — Cycle Monkey on Monday announced a new partnership with Nicolai Bicycles to bring the German mountain bike brand’s line of handmade custom and standard-size aluminum framesets to the U.S. market — selling consumer direct and also offering sales to interested dealers.
TAIPEI, Taiwan (BRAIN) — Germany-based bicycle trade and industry journalist Jo Beckendorff is retiring from frontline duty at KB Media Ltd., publisher of the Eurobike and Taipei Show Dailies, at the end of this year.
DURHAM, N.C. (BRAIN) — The company hired last month to run liquidation sales at 40 Performance Bicycle stores has expanded those sales to the chain's 62 remaining stores.
Performance's parent company, Advanced Sports Enterprises, filed a petition for Chapter 11 bankruptcy protection on Nov. 16.
BUENOS AIRES, Argentina (BRAIN) — President Donald Trump and Chinese President Xi Jinping agreed to a truce in the ongoing trade war this weekend. Trump agreed to delay implementing a 25 percent tariff on Chinese goods — including at least $1 billion in bike-related products — that had been set to take effect Jan. 1.
The former IBD owner says international trade agreements that label products' intended destination could solve gray market issues.
BROOKLYN (BRAIN) — Nearly 290 retailers from 47 states and seven countries have signed up to take part in the second annual Bike Shop Day, an event launched last year by Brooklyn retailer 718 Cyclery.
MADISON, Wis. (BRAIN) — Eight years after it began offering e-bike vacation packages, Trek Travel said it has averaged an annual increase of 50 percent per year since 2016 on e-bike trips. The most popular e-bike trips are offered in California, Tuscany and Provence.
NEW YORK (BRAIN) — Ride share company Lyft has completed its purchase of Motivate, the country's largest bike share company. The purchase was originally announced in July.
BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products announced Friday that it has promoted Todd Cravens to vice president of business development.
WASHINGTON (BRAIN) — The Sports & Fitness Industry Association is urging the Senate to pass the Personal Health Investment Today Act during its lame-duck session this fall. The PHIT Act passed the House in July.
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