News
HELSINKI (BRAIN) — The investor group acquiring Amer Sports has begun to buy up the company's outstanding and issued shares through a voluntary recommended public cash tender.
KENT, Wash. (BRAIN) — The CEO of Accell North America says he is feeling "very good" about where the business is and he's expecting a lot of improvement in 2019.
WASHINGTON (BRAIN) — TerraTrike is working with the U.S. Consumer Product Safety Commission to recall about 450 Rambler Electrical Vehicle Option ( E.V.O.) recumbent trikes with an electric-assist wheel because the torque sensor in the hub motor can activate unexpectedly and cause the trike to power forward, posing crash and injury hazards.
MADISON, Wis. — Almost three decades after acquiring Graber Products and renaming it Saris, co-founder Chris Fortune is stepping down as president and handing the reins to COO Jeff Frehner. Fortune becomes Saris’ CEO effective Jan. 1, 2019.
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.
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