News

Posted December 8, 2020

WASHINGTON (BRAIN) — U.S. bike imports through October were up 19% in units over a year ago, according to new U.S. Commerce Department trade statistics.

Posted December 8, 2020
Louis Garneau at an event announcing the new partnership Tuesday.

SAINT-AUGUSTIN-de-DESMAURES, Québec (BRAIN) — Louis Garneau Sports Group, which requested creditor protection in March, plans to relaunch following an investment from a Montréal investment firm and support from a program created to help attract and retain businesses in Québec.

Posted December 8, 2020
Five partners are bringing out a pedal that works with five platforms.

The crew behind the new pedals includes the founders of Crankbrothers; the former general manager of Ritchey Design Asia; the former director at Star Trac fitness equipment; and the former head of product at Cannondale and GT.

Posted December 8, 2020
Getty image.

WASHINGTON (BRAIN) — Bicycle access to federally designated Wilderness areas received a boost recently when the U.S. Forest Service and the Department of Interior supported the bill in the Senate.

Posted December 7, 2020

The one thing we know for sure is that nobody knows for sure.

Posted December 7, 2020
2020 CABDA Midwest show photo by Alex Carroll

With the announcement of Eurobike's 2021 show dates, the 2021 calendar is starting to take shape, although there are still a few question marks. Here's the calendar of major trade events (and a few key consumer events):

Posted December 7, 2020

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike, which did not hold an in-person 2020 show, has announced that its 2021 show will be Sept. 1-4. It will also hold a trade media event in July in Frankfurt.

Posted December 4, 2020
The bike business was bolstered by about $135 million in (mostly forgivable) loans this year.
Revolution Bicycle Repair (from the store's Facebook page).

JAMAICA PLAIN, Mass. (BRAIN) — Revolution Bicycle Repair, the smallest shop in this Boston neighborhood, received one of the smallest Paycheck Protection Program loans made to a bike company this year: just $1,700.

Posted December 4, 2020
Endless Bike Co. direct-mount chainrings.

ASHEVILLE, N.C. (BRAIN) — Shanna Powell considers herself a bicycle unicorn "in cat ears and butterfly wings." She's also something even more rare: a woman entrepreneur in the bicycle industry.

Posted December 3, 2020

MONTRÉAL (BRAIN) — Dorel Industries a special, virtual, meeting of Dorel shareholders on Jan. 12. Shareholders will be asked to adopt a special resolution approving an offer to take the company private.

Posted December 3, 2020
BikeFit's Standard Starter System

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products announced Thursday that it has acquired the BikeFit brand, which sells bike fitting tools, education services and apps.

Posted December 3, 2020
Getty Images.

BOULDER, Colo. (BRAIN) — Bicycle retailers on the SmartEtailing platform had record-setting conversion rates, revenue per session numbers, and year-over-year sales growth on Cyber Monday.

Posted December 3, 2020
The latest acquisition means a new line of modern BMX components.

MONTRÉAL (BRAIN) — After acquiring Race Inc. in July and then securing a long-term licensing agreement to bring the Jeff Bottema fork back to the market, American BMX Company is at it again.

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