News

Posted May 3, 2022

WASHINGTON (BRAIN) — The U.S. Senate Energy and Natural Resources Committee moved a policy package to the Senate floor Tuesday that would fund recreation infrastructure and expand access on federal public lands.

Posted April 29, 2022

LONDON (BRAIN) — Thanks to the Cooper family's notoriety in the auto industry, its new line of e-bikes has generated plenty of free press globally. They are not available in the U.S. but feature an innovative hub motor worth making note of.

Posted April 29, 2022
The civil case will proceed after criminal sentencing in August.

NEWARK, N.J. (BRAIN) — A federal judge has approved delaying the civil case against Samuel J. Mancini, the CEO of an investment group that planned to buy up several Italian cycling brands.

Posted April 29, 2022
Landry's Bicycles in Boston bucks industry trend by forming ESOP.

BOSTON (BRAIN) — Mark Vautour doesn't get his coffee from Starbucks or dine at nearby Legal Seafood. When a Landry's Bicycles customer knocks on the door 10 minutes after closing, he'll open the door. That's what a neighborhood businessman does.

Posted April 28, 2022
Aided by the Osprey acquisition, Helen of Troy reports net sales increase 14% in Q4.
Layne Rigney. Photo courtesy Osprey.

CORTEZ, Colo. (BRAIN) — Osprey Packs announced Thursday that CEO Layne Rigney will leave the company at the end of the day following nearly six years. Rigney recently guided Osprey through the Helen of Troy acquisition.

Posted April 28, 2022

STOCKHOLM (BRAIN) — Helmet technology company MIPS increased first-quarter net sales by 65% year-over-year with its Sports division growth being led by snow products and less by the bike products.

Posted April 27, 2022
One-month historical stock quote chart from TradingView.com.

TOKYO (BRAIN) — Shimano Inc.’s stock price fell nearly 14% on Wednesday following the release of its first-quarter earnings report Tuesday. 

Posted April 27, 2022

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products.

Posted April 26, 2022

NEW YORK (BRAIN) — Many of New York's tragic and highly visible fires have involved e-scooters and e-motorcycles. Does the distinction matter?

Posted April 26, 2022

ATLANTA (BRAIN) — While several former employees of Wahoo Fitness have told BRAIN in recent days that they had been laid off, the company on Tuesday announced it had purchased RGT Cycling, a virtual cycling platform.

Posted April 26, 2022

TOKYO (BRAIN) — Sales in Shimano's bike-product division were up 14% in the first quarter, compared to the same period last year. However the company said the pandemic-driven bike boom "showed signs of cooling down."

Posted April 26, 2022

STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales increased 20% despite continued pandemic hurdles — including global supply chain challenges, rising costs in raw materials and shipping, and employee absenteeism — and most recently the war in Europe.

Posted April 25, 2022

NEW YORK (BRAIN) — Four fires sparked by lithium-ion batteries on lightweight electric vehicles Thursday prompted the FDNY to issue a statement afterward on its Twitter account about the dangers of improper charging and storing.

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