News
SANTA FE, N.M. (BRAIN) — With events and festivals slowly returning to normal following the height of the COVID-19 pandemic last year, so too is the annual bicycle-inspired food drive known as Cranksgiving.
PARK CITY, Utah (BRAIN) — The Big Gear Show, which held its inaugural trade event at Park City’s Deer Valley Resort in August, will hold its second show there Aug. 2-3, 2022, organizers say.
Next year the show will feature a two-day format, which organizers said 2021 attendees requested.
WASHINGTON (BRAIN) — The House of Representatives on Friday morning approved the Build Back Better Act that provides billions of dollars in funding for an e-bike tax credit, bike commuter benefit, and climate and equity-enhancing infrastructure as part of the $1.75 trillion social spending bill.
SVETA NEDELJA, Croatia (BRAIN) — Porsche will acquire a majority interest in the Greyp e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, has held about a 10% stake in Greyp since 2018.
DENVER (BRAIN) — Colorado's Attorney General is charging eight men in connection to 29 bike shop burglaries, as well as 22 auto thefts and other crimes.
DENVER (PINKBIKE) — Guerilla Gravity is asking riders in the Denver area to keep an eye out for suspicious bikes after its headquarters was targeted by a break-in.
(VELONEWS) — John Karras, a former newspaper man who co-founded RAGBRAI, died Wednesday in Iowa. He was 91.
Industry-watchers may be missing out on the biggest story of the decade.
MORGAN HILL, Calif. (BRAIN) — Specialized Bicycle Components announced Monday it has acquired the BikeSource retail chain, which has stores in Colorado, Ohio, and North Carolina.
TAICHUNG, Taiwan (BRAIN) — Giant Group sales for the first three fiscal quarters of 2021 totaled NT$61.94 billion ($2.23 billion), an 18% increase over the period last year. Net income over the period grew 32/3% to NT$4.83 billion. Giant has set records for sales and profits in each quarter this year.
BOULDER, Colo. (BRAIN) — For our November magazine edition, we asked our State of Retail panel members: Does your shop sponsor a team or have an ambassador program? How effective is it?
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation had its fifth consecutive quarter of record-breaking financial results, reporting a 94% increase in third-quarter revenue and 166% increase in net income year-over-year.
IWATA, Japan (BRAIN) — Yamaha Motor Co. and Hero Motors Limited will invest €2.5 million ($2.9 million) on a joint venture company to manufacture hub-mounted drive units for e-bikes. The partnership will officially take place at the end of the month, with Hero holding a 90% stake.
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