BikeBiz Bicycle and cycling retail news

Euretco B.V. is to sell the Euretco Tweewielers B.V. business unit - the organisation behind the retail formula Profile 'the Bicycle Specialist' - to two of the current management team, plus another investor. The new company will be called Bike Retail Company B.V., Biretco for short.

When Scott was relaunched in the US at Sea Otter earlier this year, Specialized execs took a keen interest in the suspension set-up on the Genius. Mike Sinyard's company filed suit, claiming patent infringement. Unless the infringement suit is settled, Scott cannot sell its headline-making Genius bikes in the US.

EVO Distribution Limited, European distributor for Memory-Map digital maps, now owns the Bike-in-a-Bag name and stock. Earlier this year, Bike-in-a-Bag released a Uri Geller folding bike. EVO wants to expand Bike-in-a-Bag distribution worldwide.

It's not known whether the Texan team leader will be there but other big names from Lance Armstrong's team will be.

The inventor of the first pocket calculator has long been expected to launch a folding-bike design. But the failures of the C5 and the Zike electric scooter thingy prevented the great British inventor from venturing, too soon, into bicycle territory. That Sir Clive had a design up his sleeves has never been a secret. For years, there have been rumours about what such a Sinclair-designed folding bike would look like. Micro wheels? A bike that can be folded into a package the size of an umbrella?