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(BRAIN) — PIERER Mobility AG reported record revenues in its fiscal 2022, with sales of 2.437 billion euros ($2.65 billion), 19% higher than the year before. By unit, Pierer's sales of bikes and e-bikes were up 15% last year to 118,000 while sales of motorcycles were up 13%, to 376,000.

CLEVELAND (BRAIN) — REI Co-op and the Retail, Wholesale and Department Store Union failed to agree on a contract to hold an election at REI's Beachwood, Ohio, store last week. The National Labor Relations Board scheduled a hearing Friday.

LOUISVILLE, Colo. (BRAIN) — The Pro's Closet bills its pilot store here as "The Denver metro area's largest bike shop."

TAIPEI, Taiwan (BRAIN) — Giant Group has made a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.

SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.

SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.

Photo courtesy of MADE.

PORTLAND, Ore. (BRAIN) — Organizers of MADE, a new handmade bike show scheduled for August in Portland, have opened up registration and appointed industry veteran Steven Elmes as show director.

NEW YORK (BRAIN) — A New York City council member introduced legislation a week ago to ban e-bikes and e-scooters until they can be made safer and called for them to be treated like motor vehicles.

Bonnie Tu, the chairperson of Giant Group, and Eric Min, the founder and CEO of Zwift, are among the keynote speakers, along with REI's CEO Eric Artz and Cotopaxi CEO Davis Smith.
Bonnie Tu

BOULDER, Colo. (BRAIN) — PeopleForBikes has announced speakers for its Bicycle Leadership Conference, to be held March 14-16 in Dana Point, California.

Jeff McGuane from Fox Racing will become president of the unit.

ANOKA, Minn. (BRAIN) — Vista Outdoor announced internally on Tuesday that it has realigned management of its cycling, snow and powersports brands that make up its Action Sports business unit.

AMSTERDAM (BRAIN) — E-bike brand VanMoof asked for and will receive a capital investment from its shareholders after it predicted its survival would be in jeopardy in the first quarter of 2023, the Dutch newspaper

SAN FRANCISCO (BRAIN) — Strava has acquired Fatmap, a company whose 3D-map mobile app is targeted at outdoor enthusiasts including climbers and mountaineers. Strava said it will use the Fatmap technology to add 3D mapping to its cycling/running app. Premium members of Strava will gain access to Fatmap.

LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has made its second round of layoffs in the past three months on Thursday, the result of continued economic headwinds facing the cycling industry.

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New Product

SANTA MONICA, Calif. (BRAIN) — Swiss manufacturer Thömus has released the Swissrider, a 25-pound e-bike that it claims is the lightest on the market.