Latest Pro Cycling News
May 1, 2024
Amer Sports sells Enve Composites to private investment firm
Enve Composites has been sold by Amer Sports to PV3, a Utah-based private investment firm. Amer Sports’ chief operating officer Michael Hauge Sørensen said: “Enve has gone through major changes in the past years. The brand has positive momentum, and we see that it has good potential. Enve Composites was founded in 2007...
April 26, 2024
The Stages Cycling Saga Is Only Going to Get Messier
As Stages product owners know quite well, the company had seemingly been on life support for the last year, visible to both consumers and industry watchers alike. This follows nearly a year of continued degradation of their product support responsiveness, and loss of key long-term leaders at the company. The...
April 26, 2024
Bike-carrier demand helps propel Thule’s 9% Q1 net sales gain
Buoyed by Sports & Cargo Carriers, Thule Group's first-quarter net sales increased 8.7% year-over-year. Sales of Sports & Cargo Carriers, including the largest sub-category bike carriers, jumped 16% compared with the same time last year. Overall net sales of SEK 2,420 ($222 million) for the quarter topped the SEK 2,226...
April 24, 2024
Stages Cycling executives join Giant after suit and apparent shutdown
At least four former Stages Cycling executives have joined Giant Manufacturing as the power meter and smart bike brand has apparently stopped operations. Meanwhile Giant, which manufactures many Stages products in Taiwan, is suing Stages for about $14 million in unpaid invoices. AIPS Technology, a Giant Manufacturing subsidiary, filed suit...
April 23, 2024
Shimano first-quarter sales down 20% from last year
Shimano is reporting that its first quarter sales were 100,557 million yen ($650 million), down 20.2% from the same quarter last year. In the company’s bicycle division, sales were down 22.6% to 76,090 million yen. Company-wide, ordinary income was up 0.9% from the first quarter of last year. Shimano did...
April 23, 2024
Stages Cycling lays off entire workforce
Stages Cycling is seemingly the latest casualty of the ongoing industry crisis with sources close to the company indicating it laid off all its staff last week, as the company appears to edge closer to ceasing operations. The company is synonymous with power meters and had a hugely successful range...
April 23, 2024
Kona Bicycle Brand for Sale After Dropping Out of Sea Otter Bike Show
It’s likely a tough week for the employees of Kona Bicycles. After setting up a booth at Sea Otter, one of the cycling industry’s largest annual gatherings, Kona employees were told to tear it back down before the event even started. The move was surprising for a number of reasons. Kona had...
April 21, 2024
Famed “Ride the Rockies” Race Canceled Due to Low Registration
Ride The Rockies, a Colorado cycle-touring institution that dates back decades, is on hold for 2024. Run each summer since 1986, more than 2,000 cyclists pedaled the roads of Colorado’s high country for one week in a route that changed from year to year. Organizers announced this summer’s edition—set to...
April 15, 2024
Brooklyn e-bike shop owner arrested and charged for lithium-ion battery violations
For the first time in its campaign to help the city address escalating lithium-ion battery fires, the Fire Department of New York filed criminal charges against a Brooklyn e-bike shop owner for illegal storage and charging on Friday. Tian Liang Liu was arrested and charged with reckless endangerment, according to...
March 26, 2024
Groundbreaking project sees running shoe use Vittoria gravel tyre tech
The gravel phenomenon in the cycle market is being mirrored in the running market, where those on foot are seeking new trails, away from asphalt. With that in mind, Craft Sportswear and bicycle tyre manufacturer Vittoria have unveiled a collaboration which will see a running shoe outsole utilise Vittoria gravel...