Month: January 1999

Phil Hendrickson, a champion of Saris Cycling Group, dies at 97

MADISON, Wis. (BRAIN) — Phil Hendrickson, the father-in-law of Saris Cycling Goup founder Chris Fortune and father to Sara Fortune, has died at 97. Chris Fortune said Hendrickson was “a huge champion for Saris Cycling Group” and a guiding force in getting the company to where it is today. Hendrickson was the company’s Board Chair for more …

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Rotating Mass puts Bicycle Times magazine on hiatus; website will continue

PITTSBURGH (BRAIN) — Rotating Mass Media has announced the departure of Adam Newman, the editor in chief of Bicycle Times. The publisher said it will stop publishing Bicycle Times as a print magazine, at least temporarily, but the title’s website will continue. Founder and publisher Maurice Tierney said Bicycle Times continues to have a healthy audience …

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E-bikes power Accell Group past 1B euro mark; while bankruptcies short circuit North America sales

HEERENVEEN, Netherlands (BRAIN) — On the strength of e-bike sales in Europe — especially in Germany — Accell Group’s sales last year were up 6 percent, breaking the one billion-euro barrier for the first time in company history. Turnover totaled 1.05 billion euros ($1.118 billion) for the Dutch-based conglomerate, which owns the Raleigh, Diamondback, Haibike, Izip, …

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Dorel execs: IBD brands to remain in brick and mortar; focus on bottom line

MONTRÉAL (BRAIN) — During an earnings call Thursday afternoon East Coast time, Dorel executives reassured financial analysts that despite revenue losses in the cycling division, the company is working on maintaining profitability through a number of moves including price increases at Caloi, inventory reduction to improve margins, and cost cutting through restructuring.  “We’re raising our bottom …

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Breck Epic organizers announce summit on adventurism during this year's race

BRECKENRIDGE, Colo. (BRAIN) — Organizers of the Breck Epic mountain bike stage race are planning a summit during this year’s race that will focus on backcountry recreation and related topics. The Adventurism Summit will be a gathering of “advocacy organizations, land managers, athletes, pundits, authors, journalists and filmmakers,” they said. The summit will include a series …

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Camber Outdoors, BPSA select scholarship recipients for 2017 BLC

BOULDER, Colo. (BRAIN) — For the third year running, Camber Outdoors and the Bicycle Product Suppliers Association are offering scholarships to bring four people to the Bicycle Leadership Conference this April in Monterey, California. The winners of the scholarships this year are Tabi Adkins, business operations manager, Accell North America; Elizabeth Sparrow, sales account manager, …

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CSG reports revenue declines in fourth quarter, full year 2016

MONTRÉAL (BRAIN) — Dorel Industries reported a decline in fourth-quarter revenue in its cycling division Thursday. Revenue was down $18.4 million or 7.3 percent to $235.3 million, the company said. Organic revenue was down 14.6 percent when removing currency rate fluctuations and the revenue impact of the transition of CSG’s international business from a licensing model …

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Greg Shapleigh leaving Giro and Vista Outdoor next month

Shapleigh has been connected to the Giro brand since 1990. SCOTTS VALLEY, Calif. (BRAIN) — Greg Shapleigh, who has been connected to the Giro brand since 1990, is stepping down April 14 as vice president and general manager of Vista Outdoor’s sport protection division, where he oversaw the Giro, Bollé, Cébé, Bell Helmets, Bell Powersports, Blackburn, …

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