NEW YORK (BRAIN) — Wanda Sports Group, a subsdiary of Chinese conglomerate Dalian Wanda, is hoping to raise a half a billion dollars in an intial public offering on Wall Street this year. Wanda owns Ironman, other events like the Rock n’ Roll races and the Cape Epic mountain bike race, and the Swiss sports marketing company Infront …
Wanda Sports Group, owner of Ironman, hopes to raise $500 million in IPO Read More »
The Human-Powered Travel in Wilderness Areas Act would allow land managers to permit bikes and other human powered vehicles in federal Wilderness areas. WASHINGTON (BRAIN) — Sen. Mike Lee has reintroduced Senate bill S. 1695, the Human-Powered Travel in Wilderness Areas Act, which would allow local managers to permit bicycles on existing trails and roads in federal Wilderness …
SPARTANBURG, S.C. (BRAIN) — Milliken & Company, a textile manufacturer, has signed a definitive agreement to acquire Polartec, a fabric supplier to the markets including outdoor and cycling. Milliken is acquiring Polartec from Versa Capital Management, a private equity investment firm that, among many other investments, previously owned the bankrupt EMS, Bob’s and Sports Chalet retail …
PETALUMA, Calif. (BRAIN) — Framebuilder, innovator and industry gadfly Bruce Gordon was found dead Friday morning at his home in Petaluma, according to friends. Gordon was part of a tight circle of builders who met in the San Francisco Bay Area in the 1970s. Gordon had moved there after dropping out of art school in …
BOULDER, Colo. (BRAIN) — Pocket Outdoor Media has hired longtime cycling journalist Ben Delaney as its content director for special projects. It’s a homecoming of sorts for Delaney, who was editor-in-chief of VeloNews from 2007-2011. In his new role, Delaney will work on special editorial projects, custom content, sponsored content, branded video, email newsletters, and on …
NEW YORK (BRAIN) — For cyclists who are cash rich but time poor, Roula.cc offers concierge-style bike rental services in business destination cities around the world. The startup will deliver a high-end road bike to a hotel, office, or Airbnb, professionally tuned and adjusted. It also offers guided rides. The service removes the hassle of traveling …
Roula offers concierge service for upscale traveling cyclists Read More »
FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike’s organizers are changing some policies in order to engage consumer-direct brands, brands with large dealer events, and other companies that have seen little value in attending trade shows. The show has announced that brands no longer are required to have a display at the German trade show in order to …
Eurobike looks to attract consumer-direct brands and others Read More »
LEVIS, Québec and LEXINGTON, S.C. (BRAIN) — HLC is now offering an online fulfillment service to retailers in the US and Canada. The service will ship products direct from an HLC warehouse, saving an average of three days of transit time, the distributor said. HLC said the service has “a predictable freight structure and no …
WASHINGTON (BRAIN) — Early in this decade, the U.S. imported bike car racks, high-end road wheels, and the occasional road bike from Mexico. As recently as 2001, the U.S. imported hundreds of thousands of bikes annually from south of the border. But more recently, Mexico has exported almost no bicycle products to the U.S., meaning …
Threatened Mexico tariff would have little effect on US bike industry Read More »
UPDATED WASHINGTON (BRAIN) — The U.S. Trade Representative is delaying by 15 days the imposition of increased tariffs on some Chinese goods. Last month the USTR said the new tariff on a list of Chinese goods worth about $200 billion annually, which included about $1 billion in bike-related goods, would increase from 10% to 25% …
Tariff increase on Chinese imports delayed 15 days Read More »