News
DULUTH, Ga. (BRAIN) — Revenues in Fox Factory’s bicycle-related businesses were up 35% in the first half of the year compared with the same period last year. Sales in the division, which includes business under the Fox suspension, Easton, RaceFace and Marzocchi brands, totaled $348 million.
TAIPEI, Taiwan (BRAIN) — Giant Group announced its first half consolidated sales were NT$45.01 billion ($1.5 billion ), a 7.2% increase over the first half last year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue grew slightly year-over-year, while the sport camera brand reported a 65% jump in subscribers during the period.
CHICAGO (BRAIN) — For Mark Mattei, it's simply time. "Being 71 and still having reasonable mental faculties, I thought it would be wise to retire when I could still consciously appreciate retiring," said Mattei, Cycle Smithy's owner since 1973. "And I wouldn't mind a little time off."
LOS ANGELES (BRAIN) — The parents of a 12-year-old girl who later died from injuries suffered while riding as a passenger on a Rad Power Bike in 2021 filed a wrongful death suit Monday against the Seattle brand and helmet-maker Giro Sport Design.
PARK CITY, Utah (BRAIN) — At the Big Gear Show here on Tuesday, Küat launches its new Piston SR Bike Rack, which features hydro-pneumatic tire arms that secure the bike without touching the frame.
OTTOBRUNN, Germany (BRAIN) — Porsche announced it will develop an e-bike drive system in the next few years, collaborating with Pon Holdings' Ponooc Investment B.V.
GOLDEN, Colo. (BRAIN) — Feedback Sports will move to a new and larger location nearby that's nearly double the size and expected to be open by Sept. 1.
SCOTTSDALE, Ariz. (BRAIN) — Erik's broke new ground last month when the Midwestern retailer branched out to open its first location in Arizona. The store in Scottsdale is also Erik's first e-bike specific location.
PARK CITY, Utah (BRAIN) — OKAI, a company best known for making bikes and scooters for share programs, is entering the consumer market with a line designed for IBD and direct sales. The company is attending the Big Gear Show, which opens Tuesday.
WASHINGTON (BRAIN) — The Inflation Reduction Act of 2022, announced after a surprise agreement this week between Sen. Joe Manchin III and Senate Majority Leader Charles E. Schumer, does not contain an electric bike tax credit and other bike-related measures included in President Joe Biden's original Build Back Better Act.
OLNEY, Ill. (BRAIN) — KHS Bicycle Parts, which was founded 50 years ago by Karl Heinz Schaette, will close its doors next month.
KOBLENZ, Germany (BRAIN) — Canyon Bicycles announced Friday that two investment groups have taken "strategic equity investments" totaling $30 million in the Germany-based company.
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