Cannondale Stands Out In Dorel’s Q4 Earnings

Montreal, Quebec-based Dorel Industries Inc.—whose bike brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse—this week reported revenue for the fourth quarter of $653.4 million, down 4.4 percent from $683.5 million a year ago. Cannondale stood out for the company in Q4. Dorel also announced plans to bolster its European Cycling Sports Group operations to support Cannondale’s growth there.

NCAA, NBA, NHL, MLB And PGA Respond To Coronavirus

Following the NBA’s move to suspend its season Wednesday following news of a player testing positive for coronavirus, the NCAA announced it canceling the March Madness basketball tournament. The NHL and PGA Tour also announced suspensions and MLB said it would delay its season start.

Canadian Tire Appoints New CEO

Canadian Tire Corporation Ltd., the parent of SportChek and Helly Hansen, appointed Greg Hicks as president and chief executive officer of Canadian Tire Corporation.

Clarus To Acquire Protective Case Maker S.K.B. Corp.

Clarus Corp., the parent of Black Diamond, announced it has entered into a definitive agreement to acquire privately-held S.K.B. Corporation (SKB), a leading manufacturer of protective cases, for $85 million in cash and 1.15 million shares of Clarus common stock.

2020 Bicycle Leadership Conference Rescheduled To September

The 2020 Bicycle Leadership Conference (BLC), originally slated for April 14 to 16, has been rescheduled for September 29 to October 1 in Monterey, CA. The BLC is a PeopleForBikes event that has been produced in partnership with the Sea Otter Classic (SOC) for the last 11 years.