family-business

Erik’s agrees to buy Rasmussen Bicycle Shop in West Des Moines

WEST DES MOINES, Iowa (BRAIN) — Erik’s Bike Shop, which has more than two dozen locations across the Upper Midwest, expects to have its first location in Iowa soon, with an agreement to buy Rasmussen Bicycle Shop in West Des Moines. The transaction is expected to be finalized on May 9. Headquartered in Bloomington, Minnesota, Erik’s other locations are in Minnesota, Kansas, Illinois, and Wisconsin

Susanne Puello leaves Accell’s Winora Group, citing ‘irreconcilable differences’

SENNFELD, Germany (BRAIN) — Susanne Puello, a long-time managing director of the Winora Group, is leaving the company, citing “Irreconcilable differences regarding the new reorganization activities (’refined strategy’) of the Dutch Accell Group.” Accell Group is the parent of Winora, which manages the Haibike, Sinus, and E. Wiener Bike Parts brands.

Trek to begin online bike sales — Dealers will assemble bikes and get a service commission

MADISON, Wis. (BRAIN) — In a first for a major U.S. bike brand, Trek Bicycle will begin sales of complete bikes to consumers via its website in late September.

Blue’s new owners bring Harad onboard

NORCROSS, GA (BRAIN) — Steven Harad is crafting a business plan to bring Blue Competition Cycles back to profitability as its new chief executive officer. Lake Rudd Capital Partners, a private equity firm based in Rhode Island, announced that it acquired the Georgia-based company earlier this week and now have appointed Harad to head it up