Cycling Industry News

Industry


Rapha owners reportedly seeking advisers to handle sale of business – but rumoured LVMH deal seems to have hit brick wall

The business is currently backed by Active Private Equity, which has already successfully exited its investment in one cycling business, Evans Cycles, in a £100 million deal in 2015. (road.cc)

Shimano bike sales slumped 17.4% in 2016

In a typically terse summary of financial results for 2016, the company outlined the conditions that led to the year-end results. (Bicycle Retailer)

WiggleCRC appoints new CEO

WiggleCRC, the firm created following a merger between Wiggle and Chain Reaction Cycles, has appointed Will Kernan as its new chief executive, replacing Stefan Barden. (road.cc)

Felt bike brand bought by ski maker Rossignol

Last year it acquired Time Sport, well known for its pedals and bike frame technology and it’s now added US brand Felt Bikes, headquartered in Irvine, California and with a European headquarters in Edewecht, Germany. (Cycling Weekly)

Movers and Shakers: Meet the woman who saved Enve Composites from bankruptcy | Ella

In January 2010, things were looking pretty grim for Edge Composites. (Cycling Tips)

Over 160,000 bikes with airless tyres sold by Japanese brand Chacle

Japanese commuter bike company has sold 160,000 bikes in three years, all equipped with Tannus’s “airless” solid tyres. (Cycling Weekly)

Man in the Middle: Trek’s Matt Shriver

Meet Trek’s Matt Shriver, the man that serves as technical director to the Trek-Segafredo team, helping the team go faster and Trek make better bikes. (Peloton Magazine)

Indian tycoon outlines plans to revitalise UK bike industry

Sanjeev Gupta’s Liberty House group will launch first model under Trillion Cycles brand next month. (road.cc)

Marian University to offer scholarship program for race mechanics

[Bicycle Retailer] The team said ‘The ideal candidate is a high school senior with two or more years of shop mechanic experience who wants to continue his or her development as a mechanic in the race setting, while earning an undergraduate degree and traveling and working with a high-performance cycling team.’

Wahoo Fitness plans in-store KICKR ’experience stations’ at 150 locations

[Bicycle Retailer] Wahoo Fitness is working with dealers around the world to install KICKR Experience Stations at 150 locations.

The Experience Stations include a KICKR trainer and display integrated with the Zwift online cycling app so consumers can test out the system.

Boardman’s cycling-specific wind tunnel gets the green light

[Bike Radar] British cyclists of all levels will soon be able to visit a cycling-specific wind tunnel and tweak their position, without spending thousands of pounds on the privilege. Boardman Bikes has received planning approval for its new Performance Centre in Worcestershire, which will open its doors in winter 2017.

FitWell Bicycle Company Launches Affordable Schratz Adventure Bike Line on Kickstarter

[CX Magazine] Labels like “adventure,” “gravel,” and “monster cross” might turn off some cyclocross traditionalists, but FitWell Bicycle Company’s $155 frame, 50mm tire clearance, 15 frame sizes and $850 complete bikes all caught our attention.

The pursuit of top performance – CeramicSpeed establishes Lubrication Development Lab

[CeramicSpeed.com] CeramicSpeed announces the creation of the world’s most comprehensive cycling industry Lubrication Development Lab, following acquisition of U.S.-based drivetrain efficiency test lab, Friction Facts.