News
DENVER (BRAIN) — Samuel J. Mancini, the managing director of a Denver-based fund that had plans to invest in cycling companies, was arrested in Denver last week and faces federal securities fraud, wire fraud and money laundering charges.
OSAKA, Japan (BRAIN) — Shimano only briefly mentioned the global bicycle part shortages in a typically terse first-half financial results announcement, which reported that sales in its bicycle product division were up 73.4% in the first half of its fiscal year, compared to the same period in 2020.
LONDON (BRAIN) — The U.S.-based cycling apparel company Velocio is aligning with manufacturers in three other countries to provide clothing repair services to customers in those nations. The brands say the cooperation will reduce international shipping, benefitting the environment and reducing costs.
WASHINGTON (BRAIN) — An e-bike tax credit bill similar to the one created in the House in February was introduced into the Senate last week.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. notched a sales increase of 3.3% in the first half of its fiscal year, but the company said it could have done better if not for supply and logistical issues.
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike released its initial exhibitor list this week for the upcoming 29th edition of the expo that will be held for the first time in two years following the COVID-19 pandemic.
HURST, Texas (BRAIN) — Longtime retailer Lee Ericson, who owned Bicycles Inc. in Fort Worth for 42 years before selling this year after being diagnosed with cancer, died July 13. He was 63.
BRAIN is planning a special Gear Guide in our September issue devoted to bike lights.
BOULDER, Colo. (BRAIN) — Titanium bike and component manufacturer Janus Cycle Group announced Thursday it sold all company assets to Phil Joseph, a former real estate executive.
STOCKHOLM (BRAIN) — Continued global demand for bike helmets drove MIPS' year-over-year 115% net sales increase in the second quarter, with organic growth rising 139%.
(BRAIN) — With 12 weeks to go until the scheduled event, organizers of Sea Otter Australia have decided to postpone it until 2022.
POOLE, England (BRAIN) — Bike and motorcycle care company Muc-Off announced Wednesday it exceed a goal to reduce plastic packaging and will expand its Project Green initiatives.
STOCKHOLM (BRAIN) — Thule Group net sales increased 58.1% for the second quarter year-over-year, partially driven by sport and cargo carrier sales with more people this year traveling by vehicle after the lockdown of 2020.
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