News
ANOKA, Minn. (BRAIN) — Vista Outdoor, the parent of several bike industry brands, has announced CFO Sudhanshu Priyadarshi will leave the company in November. Separately, Keurig Dr. Pepper announced that it has hired Priyadarshi as its new CFO, effective Nov. 14.
MALLABIA, Spain (BRAIN) — Orbea, which said it has grown significantly in the last 7 years, is reorganizing its executive team to adjust. The reorganization includes the promotion of U.S. industry veteran Nick Howe from U.S. country manager to global sales manager.
ASHEVILLE, N.C. (BRAIN) — Kitzuma Cycling Logistics suspended its delivery service for the fall and winter and laid off most of its driver network in reaction to slowing demand for its door-to-door bike shipping business.
WASHINGTON (BRAIN) — Bike USA Inc. is recalling its Punisher adult cycling helmets because they do not comply with the CPSC's positional stability and impact attenuation requirements, according to a press release from CPSC.
STOCKHOLM (BRAIN) — Thule Group net sales fell 23% year-over-year as global demand for bike products waned because of high inventory levels.
DENVER (BRAIN) — Organizers of The Big Gear Show and the new (e)revolution e-bike show plan to run them concurrently at the Colorado Convention Center here next June 8-11.
The first two editions of The Big Gear Show, which includes bike and outdoor exhibitors, have been held in Park City, Utah.
OLATHE, Kan. (BRAIN) — Garmin Ltd. revenue decreased 4% year-over-year, with the Fitness segment experiencing an 18% decline.
BRIGHTON, United Kingdom (BRAIN) — Startup aerodynamic drag force measurement system Body Rocket announced its recent raise attracted more than 190 UK and EU investors.
TREVISO, Italy (BRAIN) — Cicli Pinarello said its sales were up 24% in its most recent fiscal year, which closed June 30. The company had sales of 84 million euros ($83.6 million at today’s exchange rate) according to a press release.
Attorney Jim Moss explains an aspect of the recent State Farm vs. Rad Power Bikes lawsuit.
CHICAGO (BRAIN) — Longtime SRAM marketing chief David Zimberoff will soon leave the company to focus on a transportation research project for World Bicycle Relief, a nonprofit launched by SRAM's co-founders in 2005 and supported by the company and others.
OSAKA, Japan (BRAIN) — Shimano said “strong interest” by consumers in bicycles shows signs of cooling down, but demand is still higher than it was prior to COVID-19.
IRVINE, Calif. (BRAIN) — The National Bicycle Dealers Association and consultant group Human Powered Solutions are asking retailers and suppliers to participate in a survey on e-bike lithium-ion battery incidents.
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