News
WASHINGTON (BRAIN) — Brompton is recalling some T Line foldable bikes because of a steering issue. The recall is being done in conjunction with the Consumer Product Safety Commission.
WASHINGTON (BRAIN) — In a unanimous vote that should benefit legitimate bike suppliers, the Consumer Product Safety Commission ruled that Amazon is a distributor and bears responsibility for products sold by third-party sellers that are defective or fail to meet federal safety standards and has a legal responsibilit
OLATHE, Kan. (BRAIN) — Led by the Fitness segment's double-digit growth, Garmin Ltd. second-quarter revenues increased 14% compared to the same period last year.
For the quarter ending June 29, Garmin reported sales of $1.51 billion with operating income increasing 20% to $342 million.
ANOKA, Minn. (BRAIN) — Vista Outdoor will consider selling the Revelyst division that includes its bicycle-related brands as its board of directors begins a review of "strategic alternatives."
OSAKA, Japan (BRAIN) — Shimano bike component sales decreased 20.7% year-over-year in the first half with the brand saying global market inventories remain elevated.
BOULDER, Colo. (BRAIN) — Nonprofit DEI advocacy group Camber Outdoors will close in August after 28 years, the board of directors and leadership team announced on Saturday.
SALT LAKE CITY (BRAIN) — Scott USA named Jake Dudek chief operating officer, effective immediately. Dudek has more than 15 years of experience in operations, finance, and analytics in consumer product and retail businesses.
(BRAIN) — Swedish sports nutrition brand Maurten has closed on a 20 million euro ($21.7 million) investment led by IRIS Ventures. The investment round also had participation from existing investors including Dan Sten Olsson, the CEO of Stena Sphere, a Swedish investment firm.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission issued a warning to stop using Camzimo bike helmets sold on Amazon.com because they can fail to protect during a crash.
NEW YORK (BRAIN) — The city's Department of Transportation has released details of its $2 million trade-in program for food delivery workers using uncertified e-bikes, other e-mobility devices, and lithium-ion batteries.
CHATTANOOGA, Tenn. (BRAIN) — Peter Hurley, the CEO of The American Bicycle Group, passed away from a heart attack while on a morning run Friday. He was 67.
ABC is the parent company of the Quintana Roo, Litespeed and OBED brands.
STOCKHOLM (BRAIN) — Led by growth in the Sports category — which includes bike helmets — MIPS' second-quarter net sales increased 31% year-over-year.
ANTWERP, Belgium (BRAIN) — Belgian drivetrain startup Classified has hired Dennis Weijers as its Chief Commercial Officer. Weijers was most recently the marketing director for Shimano Europe.
Prior to Shimano, Weijers held various leadership roles at TomTom.
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