News
OGDEN, Utah (BRAIN) — ENVE Composites is returning to its roots as a Utah-owned and managed brand after several years as part of a global sports empire, the company’s general manager says.
WASHOUGAL, Wash. (BRAIN) — Efficient Velo Tools, a long-time supplier of shop-quality workstands and other tools, has launched its first portable stand, called the Field Unit.
OGDEN, Utah (BRAIN) — Amer Sports has sold ENVE Composites to PV3, a Utah-based private investment firm.
MONTEREY, Calif. (BRAIN) — A California company is targeting the bike industry with thermoplastic technology, including a new spoke. Its investors include Youngone.
STOCKHOLM (BRAIN) — Buoyed by Sports & Cargo Carriers, Thule Group's first-quarter net sales increased 8.7% year-over-year.
BENTONVILLE, Ark. (VELO) — Rapha has let go 6 of the 8 staffers at its North American headquarters.
WASHINGTON (BRAIN) — Some multipurpose kids' bike helmets sold on Temu.com and imported by Chau River Sports Outdoors are being recalled because they don't comply with the Consumer Product Safety Commission impact certification requirements.
STOCKHOLM (BRAIN) — MIPS' first-quarter net sales decreased 6% year-over-year, and despite what the helmet technology company said was a return to more normal bike inventory levels, its Sport sub-category still declined 9%.
BOULDER, Colo. (BRAIN) — At least four former Stages Cycling executives have joined Giant Manufacturing as the power meter and smart bike brand has apparently stopped operations. Meanwhile Giant, which manufactures many Stages products in Taiwan, is suing Stages for about $14 million in unpaid invoices.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent company Helen of Troy fourth-quarter net sales increased 1% year-over-year, while 2024 net sales declined 3.3%.
CAMBIAGO, Italy (BRAIN) — Colnago reported sales of 55.7 million euros ($59.6 million) in 2023. The privately held company's financial statements were approved at a shareholders' meeting on Tuesday.
OSAKA, Japan (BRAIN) — Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year.
MONTEREY, Calif. (BRAIN) — Norco Bicycles celebrates 60 years in 2024, and its attendance at the Sea Otter Classic last week was a chance to reacquaint the U.S.
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