Dorel Sports sales grew approximately 3 percent in currency-neutral terms in the first quarter ended March 31 as success overseas was tempered by the U.S., where bicycle sales slipped below year ago levels in January but got back on plan in ...
Tags: Dorel Sports, Sports Wear
Dorel Sports continued to expand its bicycle business in South America Wednesday by opening a subsidiary in Chile and acquiring one of its dealers there. Dorel Sports Chile S.A. of Santiago de Chile, will lead sales, marketing, ...
Dorel Industries Inc. reported organic revenue increased by 6 percent at its Recreational/Leisure segment in the third quarter. Segment sales are up 8 percent for the three quarters ended Sept. 30 compared with the same period in 2013. ...
Tags: Dorel Industries, bicycle
Dorel Industries reported that its Recreational/Leisure Segment lost $5.4 million after mostly non-cash restructuring charges that reduced its overall earnings by about half. Dorel warned investors in early February that continued ...
Tags: Dorel Industries, Sporting Goods
Dorel Industries Inc. will close its assembly and testing facility in Bedford, PA. and layoff 100 employees as part of a global restructuring of its Recreational/Leisure segment announced Thursday morning. The segment owns the Cannondale, ...
Tags: Sporting Goods, Recreation
Advanced Sports International, parent company of Fuji, SE, Kestrel, Breezer and Oval Concepts, has hired Ellen Johnson as its senior product manager. Johnson comes to ASI with more than 30 years working in product and business development ...
Tags: Transportation, bike
Sugoi, a brand of Dorel Industries, will supply the USA Cycling Team with race-day apparel, starting at the world road championships later this month. The agreement between Sugoi and USA Cycling includes the U23 Men, Women's Road, all ...
Tags: Apparel, bike, Transportation
Dorel Industries bought a 70 percent interest in Caloi, a major Brazilian manufacturer of bicycles and equipment and one of the largest bike brands in Latin America, the company announced Thursday. Caloi's sales in 2012 were close to R$ ...
Tags: Transportation, bike
Rapha has hired Hillary Benjamin to become the London-based company's head of North American marketing and sales. Benjamin is a former vice president of marketing for Dorel Industries' Cycle Sports Group. She is also a former senior ...
Tags: Transportation
Dorel Industries will lay off 50 people worldwide across the recreational and leisure segment as a result of a soft first half, the company announced in a statement early Thursday. The segment includes Cannondale, Schwinn, GT, Mongoose, ...
Tags: Transportation, bike
The state of Connecticut is considering a $3 million loan to help relocate Cannondale Sports Unlimited — the new name for what was formerly known as Dorel's Recreation/Leisure division. Gov. Dannel Malloy announced Tuesday that the ...
Tags: Dorel Division, bike
Reporting its first-quarter earnings Thursday, Dorel Industries singled out the delayed arrival of spring and its effect on bicycle sales as a key factor holding down sales and profit for the start of 2013. "As stated in our year-end ...
Tags: Dorel Bike, Bike
Aaron Bethlenfalvy, formerly Cycling Sports Group’s global vice president of design, has launched a design consulting business, Alpha Dog Design. Alpha Dog Design specializes in strategic planning and conceptual development of new ...
Tags: CSG Designer, Transportation
Guru Cycles will soon be offering complete bikes for the first time. Guru sells framesets in either custom or stock geometry, and as of this week offers the option of purchasing a complete bike. "The decision to offer our customers ...
Bob Burbank refers to the days of Mario Cipollini and the Cannondale-sponsored Saeco race team often as he discusses the brand's latest venture, Cannondale Pro Cycling. That sense of camaraderie and fun represented through a personable ...
Tags: Transportation