investment

New startup links cyclists with global rentals, accommodations and events

TAIPEI, Taiwan (BRAIN) — It’s a bold concept.

Stromer gains Swiss investors, separates from BMC

OBERWANGEN, Switzerland (BRAIN) — An Swiss investor group has made a substantial investment in Stromer, completing the e-bike maker’s separation from owner BMC. “We have been able to engage a group of Swiss investors to commit tens of millions of Swiss francs

Colorado shop featured in BRAIN’s Retail Remodel Project to close

LONGMONT, Colo.

Colorado shop featured in BRAIN’s Retail Remodel Project to close

LONGMONT, Colo. (BRAIN) — Bike-n-Hike, a Trek dealer in this Front Range city, will close its doors after 44 years in business. Current owners Rick and Jill Emerson bought the shop in 2007 from its second owner, Dave Swenson.

Michelin updates MAP policy in North America, bans third-party online sales

GREENVILLE, S.C. (BRAIN) —?Michelin North America’s bicycle tire division has started enforcing a new “Unilateral Minimum Advertised Price” (UMAP) policy that includes the prohibition of third party sales of its products. The policy covers its two exclusive distributors in North America, Quality Bicycle Products in the U.S.

The Pro’s Closet sells minority stake for $2.5 million

The eBay seller plans a national trade-in program for bike shops. BOULDER, Colo

Alliance for Biking & Walking releases 2016 Benchmarking Study

Biking and walking on the rise in large cities, the nonprofit says. WASHINGTON, D.C. (BRAIN) — The Alliance for Biking & Walking released its biennial report on Bicycling and Walking in the U.S.

First-ever Leaders’ Panel at Taipei Cycle Show puts heads together to get more people on bikes

TAIPEI, Taiwan (BRAIN) — The principles of major companies from around the world shared the stage on the opening day of the Taipei Cycle Show for the first-ever advocacy Leaders’ Panel. The representatives came together to build on the themes discussed at the Velo-city Conference, held in Asia for the first time in Taipei the weekend before Taipei Cycle. The discussion, which was moderated by Raymond Gense, director of future technology and public affairs at Pon and vice chair of the European Cycling Federation Cycling Industry Club, focused on how the industry can come together to make advocacy efforts work — and effectively grow the market — in the coming years

Scott forms joint ventures for distribution in Australia and New Zealand

GIVISIEZ, Switzerland (BRAIN) — Scott Sports SA has formed two joint ventures with Sheppard Industries to distribute Scott products in Australia and New Zealand. Sheppard Industries claims to tbe largest wholesaler of bikes and bike-related products in both countries. Scott Sports and John Struthers, the owner of Sheppard Industries, have entered into an agreement to establish two new jointly owned companies to be called Sheppard Cycles Australia, and Sheppard Cycles New Zealand

Giant USA ’studying’ online bike sales through dealers

UPDATED: Dorel exec responds to question about online sales NEWBURY PARK, Calif.?(BRAIN) —?Days after Trek Bicycle announced a plan to sell bikes online , Giant USA told dealers that it is studying a similar “Click and Collect” program in the U.S., but said it has not made a decision about going forward with the plan. Giant Bicycle already has Click and Connect sales in other markets, including the U.K., where it has operated the system for two years. “Yes, Giant USA is studying the ‘Click and Collect’ business model that is working very well for Giant retailers and consumers in other countries – so in a way, we already have a good head start in this arena