BikeBiz Bicycle and cycling retail news

The class action has been filed at the San Diego Superior Court Case, California. Despite the fact many lock manufacturers supply security products which can be opened with deformable plastic tubes - such as Bic pen barrels - it's only Kryptonite mentioned in the class action. Attorney firm Estey-Bomberger bases its action on Kryptonite's failure to change from tubular cylinder mechanisms after the Bic-opening method was first publicised in a British bicycle magazine in 1992. BikeBiz.com is cited as a source of evidence in the class action.

On October 8th, John Caudwell - owner of Europe's biggest privately owned telecoms company which includes Phones 4u - sets off on a 2300-mile cycle ride from Athens to London to raise money to pay for life-saving or life-changing treatment for children, or to pay for their dying wishes. He's seeking replacements for two key members of his support team.

At yesterday's annual meeting of shareholders in Oregon, Nike chairman and CEO Philip H. Knight - he with the swoosh tattoo on his ankle - revealed better than expected trading results and he put some of the success down to Lance Armstrong's Live Strong yellow wristbands. Nike made no money from sales of the bands but they generated "a buzz", said Nike.

There will be workshops, retail seminars, technical clinics and a post-party bike ride complete with a shag wagon. A what? Yep, thanks Interbike, that's either the typo of the year so far, or yet another reason to get yourself to Las Vegas next month.

100 million Chinese families are likely to buy private cars in the coming 10-15 years, says auto boss, making China the world's biggest market for gas-guzzlers. Along with the growth in car ownership, Chinese cities - built for bicycles, buses and just a few government vehicles - will likely clog with traffic.