Dorel to investors: Bike biz will improve in 2018

Company says inventory levels are right and new sporting goods business should give it a boost. MONTREAL (BRAIN) — Dorel reported 0.6 percent growth in fourth-quarter revenue at its bike division, which includes Cannondale, Sugoi, GT, Schwinn, Mongoose and Caloi. However, full-year revenue declined 7.8 percent

Dorel Sports: Revenues down but operating profits rise in Q2 and first half

Company blames sales declines at mass and fewer closeouts in IBD channel for revenue drop in second quarter. MONTRÉAL (BRAIN) — Dorel Industries reported that second-quarter revenue was down 11 percent in its sports division, which includes its mass and IBD bike businesses, including Cannondale, Caloi, GT, Mongoose, Schwinn and Sugoi brands

Owner of Florida’s Bike America chain files for bankruptcy

FORT LAUDERDALE, Fla. (BRAIN) — Barmer Enterprises, which owns the eight-location Bike America retail chain in Florida, has filed for Chapter 11 reorganization, tellling the court it had at least $5 million in debt.  Barmer, which the filing said is owned by Gary Mercado and Steven C. Barnes, bought the retail chain in 2014

Dorel sees bike revenue dip but operating profit surge in Q1

MONTREAL (BRAIN) — Dorel Inc.’s bike division on Friday reported a drop in first-quarter revenue but said operating profit almost doubled to $10.1 million as margins improved and the division’s restructuring, including a 4 percent workforce reduction, reaped benefits.  “Dorel Sports has been working to develop a clearer strategic focus, and the benefits were evident in Q1,” Dorel Inc. president and CEO Martin Schwartz said during an earnings call.

Cycling Sports Group hires PR manager, promotes two

WILTON, Conn. (BRIAN) — Cycling Sports Group, a division of Dorel Industries, has hired Justin McCarthy as manager of public relations for North America.

CSG promotes Hopwood to North America PR manager

WILTON, Conn. (BRAIN) — Cycling Sports Group has named Chris Hopwood public relations manager for North America

Dorel Sports’ revenue down 5 percent in Q1

Despite slow start, bike division expects to exceed 2015's performance. MONTRÉAL (BRAIN) — Dorel Sports reported that revenue dipped $12.4 million or 5.4 percent in the first quarter, to $216.5 million compared to $228.9 million last year.

Dorel Sports’ revenue down 5 percent in Q1

Despite slow start, bike division expects to exceed 2015's performance.

CSG names Parish director of marketing for North America


Guru Cycles assets to be sold at auction next month

St. LAURENT, Quebec — Guru Cycles will not be continuing under its current ownership; its remaining assets, including its trademarks and manufacturing equipment, will be auctioned next month. The company told its dealers in December that it was hoping to reorganize after incurring unmanageable debts stemming from a factory move early last year.