New York investment group buys Ibex

Terry Precision Bicycles owner Liz Robert and partners were outbid for the assets of the Vermont-based wool clothing brand. BURLINGTON, Vt. (BRAIN) — A New York City-based investment group, Flour Fund, has purchased the assets of the wool clothing brand Ibex.

Terry Bicycles appoints new sales director

BURLINGTON, VT (BRAIN) — Terry Bicycles has hired David Howard as sales director. Howard worked for 25 years in the pharmaceutical and medical devices industries, where he gained extensive experience in sales and sales management of inside and independent sales teams.