News
WASHINGTON, D.C. (BRAIN)—The U.S. Consumer Product Safety Commission, in cooperation with Bridgeway International, has issued a voluntary recall of about 91,000 bikes.
The bicycle chain can break, causing a rider to lose control and fall.
WASHINGTON, D.C. (BRAIN)—The U.S. Consumer Product Safety Commission, in cooperation with Specialized, has issued a voluntary recall of about 14,200 bicycles with Advanced Group carbon forks.
Specialized was unavailable for further comment.
HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has taken notice of the intention of Pon Holdings B.V. to make a public offer for all outstanding shares of Derby Cycle
at a price of € 28 per share.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle has reached an agreement with Dutch Pon Holdings to acquire all the company’s shares, averting a hostile takeover by competitor Accell Group.
Pon, one of the largest family-owned businesses in the Netherlands, is an international trading and service company.
“We view this as a new transit system that’s self-powered. The idea is to have so many stations, it’s easy to get from one point to another quickly. It fills in the gap in the existing transit system and allows people to pick up a bike at one location and drop it off at their destination.”
LAS VEGAS, NV (BRAIN)—The Light Electric Vehicle Association (LEVA) saw a much bigger crowd this year. This was largely due to the test track being almost four times larger, which accommodated more than 600 riders—a 50 percent increase over last year.
PHILADELPHIA, PA (BRAIN)—The Philly Bike Expo returns for a second year in late October with this year's theme being "Origin of the Species — the Evolution of the Mountain Bike."
VANCOUVER, British Columbia (BRAIN)—Rocky Mountain Bicycles has moved its distribution center from Carson, California, to Salt Lake City, Utah.
By Nicole Formosa
BALLYCLARE, Ireland—As the industry’s largest online retailer, Chain Reaction Cycles catches flak for selling discounted out-of-season product, and is often the brunt of brick-and-mortar shops’ complaints about competition from Internet sales straining their businesses.
By Matt Wiebe
HATTIESBURG, MS—Internet sales are the largest challenge to brick-and-mortar shops. And many shop owners respond by doing what they do best: face-to-face communication with customers.
By Jason Norman
The steady stream of online competition has been flummoxing not only to brick-and-mortar retailers for the past several years, but to leading suppliers as well.
MASER, Italy (BRAIN)—Sidi took over distribution this month in its home market of Italy with the formation of a new company-owned subsidiary, Sidi Italia.
Sidi Italia replaces a longtime distributor in that market.
KOBLENZ, Germany (BRAIN)— Germany’s Canyon Bicycles will bring its consumer direct model to the U.S. with product showing up potentially as early as 2013, the company’s Stefan Gabler said. Canyon hired Gabler about six months ago as project manager for the U.S.
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