Industry News

Industry News Archive for dates of Friday, November 30, 2018 thru Thursday, December 13, 2018
  • Apple now has dozens of doctors on staff, showing it’s serious about health tech 12/12/2018  cnbc.com - The hires could help Apple win over doctors — potentially its harshest critics — as it seeks to develop and integrate health technologies into the Apple Watch, iPad and iPhone. Many haven't...
  • Usain Bolt signs up as Xoom brand ambassador 12/12/2018  sportspromedia.com - Jamaican sprinting icon Usain Bolt has signed a deal to become a brand ambassador for Xoom, the international money transfer service acquired by PayPal in 2015.
  • Sky fall? Title sponsor to depart after 2019 12/12/2018  velonews.com - Founding corporate backers Sky and minority stakeholder 21st Century Fox both confirmed in an unexpected announcement Wednesday they would end their support of the peloton’s richest team at the conclusion of 2019.
  • Investment firm buys Clean Bottle 12/12/2018  bicycleretailer.com - Split Peak LLC, a private investment firm, has acquired Clean Designs, LLC, the parent company of Clean Bottle. Clean Bottle was launched in 2010 with a guerrilla marketing campaign at that summer's...
  • Floyd Landis’ cycling team announces first signings, new team name and bike sponsor 12/11/2018  cyclingmagazine.ca - The new team sponsored by Floyd Landis has a new name. The UCI Continental team registered in Canada will be called “Floyd’s Pro Cycling,” to be directed by Gord Fraser. The team...
  • SiS completes PhD Nutrition acquisition 12/10/2018  endurancebusiness.com - Originally announced in mid-November 2018, Science in Sport (SiS) has announced that it has successfully completed the acquisition of PhD Nutrition. SiS plans to accelerate PhD’s growth strategy, with the acquisition expected...
  • Rapha parent records operating loss in 2017 statement 12/10/2018  bicycleretailer.com - Carpegna LTD, parent company of Rapha Racing, has filed an audited financial statement showing an operating loss of nearly 20 million pounds ($25 million) last year. For the period, the company recorded...
  • Interbike’s Demise: For Cycling? Terrible. Triathlon? Used to it. 12/10/2018  slowtwitch.com - The Interbike Trade Show announced it’s taking a one-year hiatus. For cycling nonprofits, Interbike’s demise is a disaster. For triathlon it’s a minor alarm. For everyone else, we’ll see.
  • All 20,000 entries for next year’s Dublin Marathon sell out 10 months in advance 12/10/2018  the42.ie - In another sure sign of the explosive growth in marathon running as a mass participation sport, the 2019 Dublin Marathon has remarkably sold out 10-and-a-half months in advance. Recording unprecedented demand since...
  • Why Meb Keflezighi Acquired The Carlsbad 5000 12/07/2018  running.competitor.com - Meb Keflezighi can now add “race owner” to his list of remarkable accomplishments. This week, Keflezighi teamed up with San Diego-based Groundwork Endurance to purchase The Carlsbad 5000 race from Ironman. As...
  • Bankruptcy judge approves ‘store closing’ sales at all Performance locations, sets ASE auction for January 12/07/2018  bicycleretailer.com - A bankruptcy judge has ruled that Advanced Sports Enterprises can hold store closing sales at 102 Performance Bicycle locations. The court also pushed back the auction of ASE's assets to mid-January. The...
  • A Diverse Tri Club Whose Diversity Surprised Even its Founder 12/07/2018  slowtwitch.com - Marcus Fitts saw that there were very few people like himself engaged in the sport they love. So he decided to bring more people of color into triathlon and endurance sports -...
  • Amer Sports: Consortium Launches Cash Tender Offer for Amer Sports 12/07/2018  barrons.com - The EUR40-a-share bid has come from a group of investors that includes Chinese sports brand Anta Sports Products Ltd., an investment vehicle managed by Asian private-equity firm FountainVest Partner, Chinese conglomerate Tencent...
  • Finland’s Amer Sports close to signing $5.2 billion takeover deal by Anta-led consortium: source 12/06/2018  reuters.com - Finland’s Amer Sports is close to signing a $4.6 billion euro ($5.2 billion) deal to be taken over by a consortium led by China’s Anta Sports. The consortium has offered 40 euros...
  • Armstrong: Uber investment saved him; Weisel hasn’t been honest 12/06/2018  velonews.com - Lance Armstrong revealed that an unplanned investment in ride sharing company Uber saved his family from financial ruin. Armstrong also accused former team investor Thom Weisel of being dishonest in his deposition...
  • VeloNews Awards 2018: Katie Hall, North American cyclist of the year 12/06/2018  velonews.com - No single professional road cyclist dominated his or her scene quite like Katie Hall did in U.S. stage racing in 2018. Hall won all of the country’s major stage races: Joe Martin...
  • Emerald cancels 2019 Interbike show 12/06/2018  bicycleretailer.com - Emerald Expositions has canceled the 2019 edition of the Interbike trade show, saying the event might return in a more modest format in 2020. Emerald also has laid off several Interbike employees,...
  • Lululemon Athletica Shares Dip Despite Q3 Beat 12/06/2018  sgbonline.com - Shares of Lululemon Athletica Inc.’s weak outlook for the fourth quarter took a toll on the company’s stock, which had closed the day down $2.18, or 1.6 percent. Net revenue was $747.7...
  • This College Makes Every Student Run a Half Marathon 12/05/2018  runnersworld.com - Once a year, all of Highlands College runs a half marathon together. And not just because they feel like it, but as part of the curriculum. Fitness is a non-negotiable part of...
  • USA Swimming and Streamline Brands sign multi-year agreement 12/05/2018  endurancebusiness.com - USA Swimming, the national governing body for swimming in the US, and Streamline Brands, a leading franchisor of swim school concepts, have announced a multi-year partnership. The partnership with Streamline Brands allows...
  • Challenge Returns to the U.S.—Will It Work This Time? 12/05/2018  triathlete.com - This weekend, Challenge makes its return to the U.S. with a “middle distance” race in Daytona, Florida, plus sprint tri, an aquathlon, duathlon, 10K, and 5K runs. This marks the first time...
  • Marquee Brands acquires Dakine 12/05/2018  snewsnet.com - Marquee Brands LLC announced that it has acquired Dakine and all its related intellectual property. The company also owns Body Glove, as well as four luxury fashion brands—which together generate more than...
  • Is Obstacle Course Racing Dead? 12/05/2018  running.competitor.com - Spartan Race sent ripples through the endurance community this week when it announced its latest venture: Spartan Trail, a 12-race series on trail systems around the US. The announcement left many wondering...
  • Team Wiggins unveils new co-title sponsor for 2019 12/05/2018  cyclingweekly.com - Team Wiggins has confirmed a new co-title sponsor for the 2019 season. The continental team, founded by Sir Bradley Wiggins, will be heading into the coming year with a new name, supported...
  • Outdoor Retailer shortens its shows to three days for 2019 12/05/2018  bicycleretailer.com - Outdoor Retailer said that all three of its shows in 2019 will be three days long. OR's Summer Market in June and Winter Market in November will be shortened from the original...
  • Vitamin D linked to cardiorespiratory fitness, study shows 12/05/2018  runningmagazine.ca - A new study shows a strong connection between vitamin D supplementation and cardiorespiratory fitness. Also known as the “sunshine” vitamin, vitamin D helps the body absorb calcium and phosphorus to build bones,...
  • Performance Bicycle To Liquidate All Doors 12/03/2018  sgbonline.com - Performance Bicycle, in an amended bankruptcy, filing said Gordon Brothers, which was initially to liquidate 40 Performance Bicycle stores, has been retained to liquidate the chain’s remaining 62 stores. The company, under...
  • Jo Beckendorff to step down as Eurobike and Taipei Show Daily publisher 12/03/2018  bicycleretailer.com - Germany-based bicycle trade and industry journalist Jo Beckendorff is retiring from frontline duty at KB Media Ltd., publisher of the Eurobike and Taipei Show Dailies, at the end of this year. ...
  • Nike Earns Ad Age’s Marketer of the Year 12/03/2018  sgbonline.com - Nike earned Ad Age’s 2018 Marketer of the Year for its Just Do It campaign starring Colin Kaepernick and how it sparked conversations. Among the attention the ad got: Spike Lee praised...
  • Longtime commentator, ex-pro Sherwen dies at 62 12/02/2018  velonews.com - Renowned as the voice of cycling, ex-professional and NBC Sports analyst Paul Sherwen died Sunday. He was 62. The cycling community was reeling Sunday at news of Sherwen’s death.
  • Strava’s Year in Sport Numbers Are In. How Do Your Rides Compare? 12/01/2018  bicycling.com - Strava’s annual report is out, and the numbers show cyclists spent the year crushing their goals—and consuming copious amounts of coffee. The new Strava report shows 36 million athletes from 195 countries...
  • ITU approves changes in competition rules for 2019 11/30/2018  endurancebusiness.com - The International Triathlon Union (ITU) Executive Board approved significant changes in the competition rules for the 2019 season. The changes, which include penalties, appeals, water temperature limits, water quality, eligibilities, changes of...
  • QBP promotes Todd Cravens to VP of business development 11/30/2018  bicycleretailer.com - Quality Bicycle Products announced Friday that it has promoted Todd Cravens to vice president of business development. Cravens will be responsible for identifying and developing strategic business opportunities with new and existing...
  • Performance Running Footwear Sales Rebound with Strength in Run Specialty Channel 11/30/2018  sgbonline.com - Contrary to negative reports in the market about the end of performance footwear, SSI Data this week reported that Performance Running Footwear sales were flat in the overall SSI Data Measured Market,...

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