Latest Pro Cycling News
-
February 20, 2022
Peloton’s Ride Gets Bumpier
Over the past year, Peloton has been shrouded in controversy, and the at-home fitness company is facing another challenge on the road to recovery after warehouse workers revealed the company knowingly sent tarnished bikes to customers, according to the Financial Times. To keep up with high demand during the pandemic,...
-
February 17, 2022
Your Brain Fatigues First In Running. Cycling? It’s Your Muscles
While the outward manifestation of fatigue—the reduction in force of muscle contraction—is universal, it turns out the reasons that fatigue accrue are different in different sports. Guillaume Millet, professor of exercise physiology at Jean Monnet University (St-Etienne, France), recently published a study on those differing mechanisms of fatigue in running...
-
February 16, 2022
Trek Bicycle Buys Wisconsin Off Road Series
Trek Bicycle has purchased the Wisconsin Off Road Series (WORS). With Don Edberg’s recent retirement, Trek has stepped in to manage the series and build growth. SGB Media
-
February 15, 2022
Bull Charges and Crushes Cyclist in Middle of Race
Cyclist Tony Inderbitzin somehow survived the attack of a big ass bull which ran him over right in the middle of a race.in Bakersfield, CA during a rural off-road bike race called the Rock Cobble over the weekend. There were reportedly a total of 4 riders attacked during the race,...
-
February 14, 2022
New Peloton CEO Not Interested In Sale
New Peloton CEO Barry McCarthy said the company has big plans, but they don’t involve a sale. The connected fitness giant had reportedly drawn interest from Amazon and Nike, who saw opportunity in Peloton’s depressed stock price. The company has lost around 77% of its value over the last 12...
-
February 14, 2022
Peter Woods steps down as president and CEO of Dorel Sports
Peter Woods has stepped down as president and CEO of Dorel Sports, Bicycle Retailer & Industry Newshas reported. The decision was mutually agreed on, according to a Pon Holdings release, and Woods will continue working for Pon.Bike as a special advisor until the end of the year. In this role,...
-
February 13, 2022
Peloton’s Ride to Greatness Is Now an Uphill Battle
Blackwells, which owns a collective 5% of Peloton, has been outspoken about its misgivings regarding Peloton’s management. Over the past year, Peloton has seen its share price erode roughly 76% amidst myriad issues ranging from the supply chain to pricing to safety. The cumulative mishaps seemingly came to a head...
-
February 10, 2022
Porsche acquires minority interest in Fazua e-bike drive system brand
Porsche announced Thursday plans to acquire a 20% stake in the German e-bike drive system manufacturer Fazua GmbH and also will partner with Pon Holdings' Ponooc Investment B.V. Bicycle Retailer
-
February 9, 2022
Thule Q4 net sales up 15%, full-year 33%
Thule Group's fourth-quarter net sales increased 15% year-over-year, with 2021 net sales rising 32.7%, despite rising costs for raw materials, freight prices, and COVID-19 employee absenteeism. Bicycle Retailer
-
February 9, 2022
Shimano’s Sales Climb 45 Percent In 2021
Shimano, Inc. reported sales in 2021 increased 44.6 percent from the previous year to ¥546,515 million. Operating income increased 79.3 percent to ¥148,287 million, ordinary income increased 87.3 percent to ¥152,562 million, and net income increased 82.7 percent to ¥115,937 million. SGB Media
-
February 9, 2022
Private equity biz acquires drivetrain maker enviolo
Electric bike drivetrain specialist enviolo has been acquired by mid-market private equity business Inflexion in a deal said to be worth $245 million. In the news late last month, enviolo has just moved in to new Amsterdam and Zwolle premises in preparation for the next stage of growth. Transmission products,...
-
February 9, 2022
Peloton CEO Barry McCarthy’s first all-hands meeting ends early as laid-off employees crash it
Peloton held a virtual all-hands meeting Wednesday that was meant to introduce its new CEO, Barry McCarthy. Instead, a conversation between McCarthy and former CEO John Foley ended early, according to three people familiar with the details of the meeting. CNBC
-
February 8, 2022
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post Summary: Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board. Peloton plans to cut 2,800 jobs, or about 20% of corporate positions. CNBC
-
February 8, 2022
€270,000 Worth of Shimano Bike Parts Stolen in Dramatic Heist
A Czech bike manufacturer called Bike Fun International was expecting a shipment of Shimano components necessary to produce 10,000 bikes. That shipment never made it. On January 21, somewhere in Germany, the truck driver transporting the container packed with Shimano’s finest pulled into a rest stop. Like something out of...
-
February 5, 2022
Amazon is exploring offer for Peloton, source says; report says Nike also weighing bid
Peloton Interactive Inc (PTON.O) has drawn interest from potential buyers including e-commerce giant Amazon.com Inc , according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist...
-
February 2, 2022
Walmart named title sponsor of 2022 Joe Martin Stage Race
The northwest Arkansas Joe Martin Stage Race celebrates its 45th anniversary and is on the calendar for May 19-22. Walmart has signed on as title sponsor for the 2022 edition. VeloNews
-
January 31, 2022
Cowboy Raises $80m to Further Accelerate the Adoption of Cycling
This new capital injection, bringing the total raised by Cowboy to $120 million, follows the launch of the Cowboy 4 in May 2021 which garnered record sales, a successful expansion into the Nordics and the U.S., and the recent introduction of Cowboy Care — an industry first, all-inclusive, on-demand repair...
-
January 31, 2022
Peloton internal docs show it slashed 2022 sales goals for apparel unit after segment revenue more than doubled last year
Peloton has slashed 2022 sales projections for its apparel business, according to internal documents obtained by CNBC. Momentum in the unit, which is run by Chief Executive John Foley’s wife, seems to be fading heading into the next year, after apparel revenue more than doubled to over $100 million from 2020 to 2021. CNBC
-
January 31, 2022
Eating disorders and professional cycling: the thin end of the wedge
Former Slovenian pro Janez ‘Jani’ Brajkovič raced in the Tour de France, the Vuelta and the Giro, but in private he was battling a series of harrowing eating disorders. As a bulimic, Brajkovič would routinely make himself sick after eating. But Brajkovič is not alone: a recent study in the...
-
January 28, 2022
Canyon Bicycle Appoints CEO
Canyon Bicycle appointed former Nike executive Nicolas De Ros Wallace as its new CEO. De Ros Wallace is a veteran of international management, e-commerce and sales development for sports and fashion brands. SGB Media
-
January 27, 2022
Specialized to add consumer-direct sales on Feb. 1
Specialized Bicycle Components will begin direct online sales of bikes to U.S. consumers next week, adding a “Rider Direct” option for the purchase of non-electric bikes from its website. Bicycle Retailer
-
January 27, 2022
Belgian e-bike firm Cowboy raises $80 million in latest funding round
E-bike designer Cowboy has announced an $80 million Series C financing milestone. The new capital injection, bringing the total raised by Cowboy to $120 million, follows the launch of the Cowboy 4 in May 2021, an expansion into the Nordics and the US, and the recent introduction of Cowboy Care....
-
January 25, 2022
MUST READ: Exploring Zwift’s Fitness Metaverse
A fitness company born out of gaming, Zwift is reimagining exercise, starting with indoor cycling. Having raised more than $600 million in funding, the billion-dollar company plans to launch its own smart bike and aspires to make virtual racing an Olympic sport as it continues to build an expansive virtual...
-
January 25, 2022
Is the bicycle retailer missing a trick on insurance sales?
When it comes to add on sales most commonly attached to new bikes leaving the show- room it’s generally lights, locks and mudguards that are most commonly listed on receipts. Much further down the list, according to CI.N’s house research on the subject, comes cycle insurance. In fact, our 2021...
-
January 24, 2022
Consortium announces agreement to buy Accell Group
A private consortium headed by Kohlberg Kravis Roberts & Co. reached a conditional agreement to buy the Accell Group N.V. and take it off the stock market. The group, which includes Teslin Alpine Acquisition B.V., reached agreement on an all-cash offering for its shares for 1.56 billion euros ($1.76 billion)....