News
STOCKHOLM (BRAIN) — Thule Group announced this week that it has acquired car rooftop tent maker Tepui Outdoors Inc. for $9.5 million.
DURHAM, N.C. (BRAIN) — Advanced Sports Enterprises wants to end its licensing agreement with Specialized for the Roubaix trademark. The bankrupt company also is asking the court for permission to abandon inventory worth about a third of a million dollars wholesale, currently held by a broker.
LONDON (BRAIN) — U.K. online retailer Chain Reaction Cycles has announced on its website that it will stop selling Shimano products into North America on Jan. 1.
LONG BEACH, Calif. (BRAIN) — The online cycling platform Zwift has secured a $120 million Series B investment. The company, which started with a gaming-style virtual riding experience, has expanded into a running game and non-gaming indoor training options.
I'd like to reintroduce you to the PBMA with this long-winded rant and rave.
(BRAIN) — Bicycle Retailer & Industry News is teaming up with Arleigh Greenwald to bring her Shift Up podcast to a wider audience across the industry. Greenwald, aka "The Bike Shop Girl," is an industry veteran and owner of Bike Shop Girl Family Cyclery in Denver's Stapleton neighborhood.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. said it is considering selling its North American business, Accell North America, or right-sizing it down to a profitable size.
HELSINKI (BRAIN) — The board of directors for Amer Sports has issued a statement in support of a bid by an investor group to buy the company's outstanding shares. Amer is the parent company of Mavic and Enve as well as an array of other sports brands.
The investor group is led by China's Anta Sports.
SANTA MONICA, Calif. (BRAIN) — Police here have arrested a suspect in a series of thefts at Southern California bike shops in which fake identification and credit cards were used to take high-end bikes out on test rides and never return them.
FULLERTON, Calif. (BRAIN) — Mountain bikers who know their sneaker-style MTB shoes will see a few familiar features in the Up Link clipless model from new footwear brand Unparallel Sports. Start with the outsole: That's similar to Teva's Pivot clipless shoes from the brand's brief foray into the MTB market, right? Actually, it is the Teva outsole design.
CITY OF INDUSTRY, Calif. (BRAIN) — Avant Sports' Justin Christopher views the fixed-gear market much like the BMX market: It's hot for a couple years, then cold. Then hot again, and cold again. That's one reason why Avant's Aventon brand expanded beyond track and other fixed-gear bikes this year to offer its first geared bikes: a drop-bar adventure model and a commuter e-bike.
BOCA RATON, Fla. (BRAIN) — Split Peak LLC, a private investment firm, has acquired Clean Designs, LLC, the parent company of Clean Bottle.
Clean Bottle was launched in 2010 with a guerrilla marketing campaign at that summer's Tour de France and later appeared on the ABC series "Shark Tank."
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