US' United Sports acquires cycling apparel retailer Pearl Izumi

Geoff Shaffer, president of Pearl Izumi, said "We have tremendous momentum and an amazing team that's dedicated to continuing to grow the brand to new heights. Shimano has provided significant support and guidance throughout its ownership, and while we will miss being part of Team Shimano, we also know there is great future potential for the brand and look forward to continuing to grow our business with USB."

“Pearl Izumi is an iconic, authentic, and much loved brand that is strongly aligned with our current portfolio of brands at USB. Their culture of driving innovation and best-in-class product development—always with a 'consumer-first' mindset—is consistent with our strategy at United Sports Brands. We intend to continue that product innovation and leadership under our stewardship. The addition of Pearl Izumi, along with our running apparel and accessory company, Nathan, makes us a formidable player in the outdoor space. We see great opportunity for continued organic growth and expansion in this segment of the market, said USB's chief executive officer, Michael Magerman.

Pearl Izumi remains committed to partnering with leading retailers in North America, including independent bike dealers and national outdoor retailers, to ensure that the brand is available wherever cycling consumers prefer to shop.

ALCHEMPro News Desk (HO)