BikeRaceInfo: Current and historical race results, plus interviews, bikes, travel, and cycling history

find us on Facebook follow us on twitter See our youtube channel Bicycle History book Cycles BiKyle Schwab Cycles South Salem Cycleworks vintage parts Neugent Cycling Wheels Cycle Italia cycling tours Advertise with us!

Search our site:
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter

Bicycle Racing News and Opinion,
Tuesday, January 22, 2019

Back to news and opinion index page for links to archived stories | Commentary | Our YouTube page
2018 Tour de France | 2018 Giro d'Italia

'Beauty is truth, truth beauty,' - that is all ye know on earth, and all ye need to know. - John Keats

Upcoming racing:

Latest completed racing:


Team Sunweb to ride Cadel Evans Great Ocean Road Race

The team sent me this:

JAN 26

Luke Roberts - Team Sunweb coach
"On Sunday we are returning to CEGORR, the scene where Nikias [Arndt] picked up the victory two years ago. This year we don't have a real fast guy to be in what is usually a select group at the finish. With our young Australians, we will apply a more offensive approach and try make the race a bit harder and hopefully that select group at the finish can be smaller than previous years with less fast men in there. We hope to have a good result with Chris - he's shown he has great legs at the Tour Down Under with 6th in the GC and a white jersey win."

Nikias Arndt

Nikias Arndt winning the 2017 edition of the Cadel Evans Great Ocean Road Race

Line-up

Head Sport agrees to buy most ASE (Performance Bicycle Stores, Fuji, etc) assets for $22 million

Bicycle Retailer and Industry News sent me this update:

DURHAM, N.C. (BRAIN) — At a bankruptcy auction Wednesday, Head Sport — a European sports company best known for its skis and tennis rackets — agreed to purchase most of the assets of Advanced Sports Enterprises for $21.5 million. The agreement is subject to court approval later this month.

Head is an Amsterdam-registered company that manufactures ski, tennis, swim and other sports products and licenses its name to suppliers in other industries. The corporate name of the purchaser is HTM USA HOLDINGS, LLC, a division of HTM Sport GmbH, which is based in Austria. HTM owns HEAD Sport GmbH.

Head dates to 1950, when it was founded by Howard Head, an innovator in the use of metal in skis and tennis rackets. Howard Head sold the company to AMF in the late 1960s and HTM later bought the brand. HTM is owned by Swedish/British billionaire Johan Eliasch.

ASE's Karen Bliss said Head agreed to purchase most of the assets, including some Performance Bicycle stores. "We don't know their intentions for the assets," Bliss, ASE's Chief Marketing Officer, told BRAIN. "It's a big deal."

The auction began at 10 a.m. Wednesday and didn't end until about 2 a.m. Thursday. Those present said that representatives from Ideal Bike, Dick's Sporting Goods, and Walmart's Moosejaw division were at the auction, although it's not clear if any of those companies made bids.

Head licenses its trademark for use on bikes and many other items. Licensees include NOVUS BIKE S.r.o. of the Czech Republic, which sells Head-branded bikes in several markets. Cycle Force Group, based in Iowa, has the U.S. license for Head bikes.

Nyle Nims, the president of Cycle Force Group, told BRAIN he has been licensing the Head name for more than five years and has found the company a pleasure to work with. He said he was unaware until Thursday that Head had bought the assets.

You can read the entire story here.

Back to news and opinion index page for links to archived stories | Commentary