Bicycling

5/18/2023 |  BGF Leads £19 million Minority Invesment In Brompton Folding Bikes (SGB UPDATE)

BGF, formally named Business Growth Fund, has led a £19 million ($23.6 million) investment into Brompton to “further accelerate the growth of the iconic folding bike brand,” according to a statement from the investment firm. BGF describes itself as a firm with a long-term minority shareholder model.

5/15/2023 |  Cycling boosted Northwest Arkansas by $159M in 2022 (AXIOS Sports) Cycling made a $159 million economic impact in NWA last year, up 16% from $137 million in 2017.

• The Walton Family Foundation published its first study on the topic in 2018.

Driving the news: Tom Walton cited the new numbers at a Little Rock Rotary Club meeting last week from a yet-to-be-released economic impact study.

5/15/2023 |  Walton Family's Oz Brands galvanizes Arkansas' gravel scene (AXIOS Sports) Equal parts grit and grace, gravel cycling may be the fastest-growing segment of two-wheeled sport.
What's happening: OZ Gravel, a lifestyle brand designed to promote the flourishing gravel cycling ecosystem in Northwest Arkansas, launches Monday.

5/10/2023 |  EXEC: Giant Sees Inventory, Weather And Tough Comps Hurting Q1 Sales And Profits (SGB UPDATE) Giant Group reported that consolidated revenue for the first quarter was NT$20.12 billion, a decline of 9.6 percent year-over-year. The decline was attributed to the impact from European and North American markets reducing inventories plus higher comps with last year.

5/8/2023 |  Tulsa Lands 2024 BMX Racing World Cup Event (SportsTravel) Tulsa, Oklahoma, will host the BMX Racing World Cup in April 2024 after the Union Cycliste Internationale met in Italy last week to approve the World Cup dates and locations.