News
BERLIN (BRAIN) — Signa Sports United says it will restructure — including terminating some non-performing assets — due to the industry's "subdued demand and market overstock." SSU also plans to delist from the New York Stock Exchange, where its stock price has plummeted in recent months.
SVETA NEDELJA, Croatia (BRAIN) — Porsche eBike Performance will eliminate the Greyp brand after acquiring a majority stake in the e-bike company in 2021.
BEVERLY, Mass. (BRAIN) — Parlee Cycles' John Harrison has a message for retailers and the industry.
ANOKA, Minn. (BRAIN) — Vista Outdoor's Outdoor Products Segment — which contains Bell, Giro, Fox Racing, CamelBak, QuietKat and other bike brands — will get a new name when it's spun off from the rest of the company later this year.
BANGKOK, Thailand (BRAIN) — Vittoria Tyres Thailand is opening a new 10,000-square-meter (108,000-square-foot) factory dedicated to cotton-casing tubular and clincher tires. The company said the factory, which will employ about 200 people, and is certified as carbon neutral by Climate Impact Partners.
CALGARY, Alberta (BRAIN) — VeloGuide, an app that matched cyclists with independent local guides, has shut down, founder and CEO Joel Goralski announced Wednesday.
PHILADELPHIA (BRAIN) — Trek, SRAM, a Taiwanese hub maker, a Trek-owned retail store and an independent Trek dealer are all named in a product liability case involving an alleged coaster brake failure two years after the coaster-brake hub was recalled.
EL PASO, Texas (BRAIN) — While Helen of Troy's Home & Outdoor group net sales remained virtually unchanged year-over-year in the second quarter, overall revenue was down 5.7%.
NEWARK, N.J (BRAIN) — Victims of what prosecutors call a “Ponzi-like” scheme to buy several Italian cycling brands are asking a judge to release pre-sentencing materials for Samuel Mancini, who has pleaded guilty to securities fraud in the case.
VANCOUVER (BRAIN) — A trio of entrepreneurs and longtime cyclists here have acquired all assets of retailer Bicicletta, which filed for creditor protection in June after closing its retail s
BEVERLY, Mass. (BRAIN) — Parlee Cycles, which entered Chapter 11 bankruptcy in February, has been acquired by John Harrison, who the company said is "an avid cyclist and independent investor."
CHICAGO (BRAIN) — SRAM has publicly released its long-awaited Eagle e-MTB drive system, which includes a motor manufactured by Brose, integrates with SRAM mountain bike groups, and includes automatic shifting and shifting-while-coasting features.
WATERLOO, Wis. (BRAIN) — Trek Bicycle announced the recall of all Allant+ 7 e-bike models with Tektro brakes because the rear brake hose can be damaged if it interferes with the headlight or headlight mounting bracket.
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