News

Posted May 20, 2024

BANNER ELK, N.C. (BRAIN) — JC Lakey didn’t hesitate when asked his reaction Monday morning to Kona Bicycles’ founders reacquiring the brand from private equity-backed Kent Outdoors. 

Posted May 20, 2024

Turns out there are a lot of details to work out when acquiring and relaunching a global bike brand. Here are some takeaways.

Posted May 20, 2024

Kona founders Jake Heilbron and Dan Gerhard shared this letter to the industry with BRAIN readers on Monday.

Posted May 20, 2024

(BRAIN) — The founders of Kona Bicycles have repurchased the brand they sold to private equity-backed Kent Outdoors in December 2021. 

Posted May 16, 2024
DT Swiss photo.

OBORNIKI, Poland (BRAIN) — DT Swiss is now assembling all its forks, shocks, dropper posts and remote levers at its DT Swiss Polska Sp. facility in Poland. Previously the assembly was done at the company's facility in Taichung, Taiwan.

Posted May 16, 2024
The legislation now goes to the Senate.

WASHINGTON (BRAIN) — The House of Representatives approved the bipartisan Setting Consumer Standards for Lithium-Ion Batteries Act on Wednesday that would establish a federal safety standard for rechargeable lithium-ion batteries in mobility devices like e-bikes and e-scooters.

Posted May 15, 2024
PeopleForBikes says the industry needs 'clarity and relief' on the proposed new tariffs
Biden on Tuesday after signing a document related to the China tariffs. (Photo by Demetrius Freeman/The Washington Post via Getty Images)

WASHINGTON (BRAIN) — It's unclear if the Biden administration's proposed steep increases in tariffs on Chinese EVs will affect the bike industry.

Posted May 15, 2024
Former CEO Scott Maguire to lead the brand's new innovation and technology division.

MORGAN HILL, Calif. (BRAIN) — Specialized has made another change at the top, naming former Pon.Bike and Canyon Bicycle chief Armin Landgraf its new CEO replacing Scott Maguire, who will lead the brand's new innovation and technology division.

Posted May 15, 2024
Getty image (of a real bike shop).

Inventory is a crucial asset, but it can also be an albatross.

Posted May 14, 2024

DETROIT (BRAIN) — Light electric vehicle vertical integration partner Bloom added Cleveland-based LAND Energy as its e-moto battery supplier.

Posted May 13, 2024

TAIPEI, Taiwan (BRAIN) — Giant Manufacturing says bike sales in China continue to be a bright spot, but inventory reductions in Europe and North America continue to dampen overall sales.

Posted May 13, 2024

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's first-quarter revenues dropped 19% year-over-year as the cycling and motorcycle protective brand's dealers and distributors continue to deal with excessive inventory levels.

Posted May 9, 2024

WASHINGTON (BRAIN) — Some Korimefa multi-purpose helmets are being recalled because they do not comply with the Consumer Product Safety Commission's positional stability requirements for bike helmets.

About 60 helmets are affected by the recall. No injuries or incidents have been reported.

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