News
WASHINGTON (BRAIN) — Reyhee Group is recalling about 400 Droyd multi-purpose youth helmets because they don't meet the Consumer Product Safety Commission's safety standards and can fail to protect in the event of a crash.
ASHEVILLE, N.C. (BRAIN) — Nutrition marketplace company Fuel Goods and apparel manufacturer Pressio created the 828 Endurance Community relief effort for Western North Carolina outdoor and endurance businesses affected by Tropical Storm Helene.
ANOKA, Minn. (BRAIN) — Vista Outdoor has agreed to sell its Revelyst business unit — which includes its bike-related brands — to Strategic Value Partners for $1.125 billion.
HILDEBRAN, N.C. (BRAIN) — Residents affected by Hurricane Helene are only beginning to recover days after the storm left destruction from Florida to Virginia. Industry members are establishing ways to support recovery remotely.
MARSHALL, N.C. (BRAIN) — Alex Webber moved from New Orleans to the mountains of North Carolina after her home was damaged by Hurricane Katrina in 2005. But the mountains weren't high enough to protect her from hurricanes.
BLACK MOUNTAIN, N.C. (BRAIN) — Industry suppliers, retailers and others in western North Carolina are dealing with the damage caused by the remnants of Hurricane Helene, which flooded many areas and left residents without utilities and with impassable roads.
LOUISVILLE, Colo. (BRAIN) — The Pro’s Closet — which started out of its founder’s VW bus, evolved into an eBay store, and became a used bike and component e-commerce giant — will close in October after 18 years.
SEATTLE (BRAIN) — Rad Power Bikes announced Wednesday that its bikes will be sold at 150 Best Buy stores and at BestBuy.com. The company also announced it has hired bike industry veteran George Lee.
SALT LAKE CITY (BRAIN) — Specialized opened a new North American distribution center and office here on Tuesday that's about double the size of the previous one.
BEVERLY, Mass. (BRAIN) — Bob Parlee, the founder of his namesake bike company, died at home on Tuesday in Essex, Massachusetts, surrounded by family after a four-year cancer battle. He was 70.
PHILADELPHIA (BRAIN) — Trek Bicycle has agreed to sell its BCycle share bike business to Bicycle Transit Systems, which operates share bike systems in several major cities, including Los Angeles, Philadelphia and Las Vegas. The acquisition is expected to be completed next month.
MAGSTADT, Germany (BRAIN) — Taiwan bike maker Merida Industry Co. Ltd. has acquired an additional 39% stake in Merida & Centurion Germany GmbH from its founder, Wolfgang Renner, for 17.3 million euros ($19.05 million). Merida already owned a 51% share in the distributor.
DENVER (BRAIN) — A U.S. bankruptcy judge has approved Giant Group's acquisition of Stages Cycling from Foundation Fitness for $20.1 million. The court approved a purchase agreement that had been opposed by some creditors and an inventor who is in a patent dispute with Stages.
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