Month: June 2001

Wanda Sports Group, owner of Ironman, hopes to raise $500 million in IPO

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 …

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Polartec to be acquired by Milliken

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 …

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Ben Delaney returns to VeloNews

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 …

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Roula offers concierge service for upscale traveling cyclists

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 …

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Eurobike looks to attract consumer-direct brands and others

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 …

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Threatened Mexico tariff would have little effect on US bike industry

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 …

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