News Topics
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July 8, 2021
Asobi Ventures acquires majority stake in Cinelli and Columbus brands
Asobi Ventures has acquired a majority share in Gruppo Srl, the parent company of Italian bicycle manufacturer Cinelli and tube manufacturer Columbus. In partnership with Austin, TX-based Asobi Ventures, Cinelli and Columbus plan to expand their footprint with bike dealers globally while building on the foundations it has established in...
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July 8, 2021
Olympics host city Tokyo bans spectators amid COVID-19 emergency
The Olympics will take place without spectators in host city Tokyo, organisers said on Thursday, as a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the Games. Organizers were still uncertain how much revenue would be lost due to the absence of spectators,...
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July 7, 2021
X2 Performance, a manufacturer of sports drinks and supplements, raised $16 million
Giants running back Saquon Barkley has joined Bucs linebacker Lavonte David and the NBA’s Kawhi Leonard as an investor in X2 Performance, the makers of non-carbonated energy drinks. Barkley’s investment comes as part of a $16 million Series D raise, led by previous investor L Catterton. The company started in...
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July 7, 2021
Japan to Declare State of Emergency 16 Days Ahead of Tokyo Olympics
Officials from the Japanese government, the International Olympic Committee, and Tokyo organizers will meet Thursday or Friday to discuss how to proceed with spectators at the Games. Women's Running
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July 7, 2021
SoulCycle Thrives As People Return ‘In Droves’
Equinox’s SoulCycle is reaping the benefits of renewed interest in in-person fitness experiences. In May, the company said New York’s new membership sales had increased 55%. By then, all fitness centers nationwide had reached 83% of their January 2020 traffic levels. Front Office News
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July 7, 2021
Fitbits Detect Lasting Changes After Covid-19
Some people recovering from a coronavirus infection had an elevated heart rate for months, according to a new study. NYT
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July 6, 2021
Tokyo 2020 ask fans to stay away from marathons and race walking in Sapporo
Organizers claimed that the move was necessary in order to reduce the risk of COVID-19 infections. Sapporo is the capital of Japan's northernmost island Hokkaido, which remains under state of emergency measures because of coronavirus. Inside the Games
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July 6, 2021
Boilermaker Road Race to require vaccination proof
The 15K presented by Excellus BlueCross BlueShield will have a capacity of 12,000 and the Utica National 5K will have a capacity of 4,000. All registered runners must be vaccinated by September 22nd, 2021 in order to participate. Road Race Management
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July 5, 2021
Soul Cap: Afro swimming cap Olympic rejection could be reconsidered after backlash
Soul Cap, which makes caps to fit over and protect dreadlocks, afros, weaves, braids, and thick and curly hair, said FINA, the water sports world governing body, had told them the hats aren't suitable because they don't follow "the natural form of the head". The comments sparked criticism from many...
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July 5, 2021
What’s Next for Peloton After a Rocky, Record-Setting Year
Peloton has beaten earnings estimates every quarter of 2021 so far. However, product issues and a crowded market pose new threats. Front Office Sports
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July 2, 2021
Is marijuana a performance-enhancing drug? The best evidence says no
Weed isn't going to help you win the Olympic Gold. One of America’s top sprinters, Sha’Carri Richardson, won the women’s 100-meter event at the U.S. track and field trials in June. She was set to make her Olympic debut in Tokyo this month, but tested positive for marijuana following her...
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July 1, 2021
Ridepanda receives $3.75 million in financing from four investors
E-commerce company Ridepanda announced it received a combined $3.75 million in financing from investors to help meet demand for its electric vehicles, which include e-bikes. In addition to e-bikes, Ridepanda offers e-mopeds and e-scooters with financing, extended warranties, and customer services, including assembly at home or at a nearby shop. BRAIN
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July 1, 2021
Rwandan marathon runner thrown off Tokyo 2020 team for breaking COVID-19 rules
Rwandan marathon runner Félicien Muhitira has been thrown off the country's team for the delayed Olympic Games in Tokyo after breaching COVID-19 rules at a training camp. The Rwanda National Olympic and Sports Committee (RNOSC) said Muhitira had left the camp in at a hotel in Nyamata without the permission...
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July 1, 2021
Tour de France drops lawsuit after crash, probe still ongoing
The Tour de France has withdrawn a lawsuit against a spectator who caused a massive pile-up during the first stage of the race in northwest French region of Brittany but French police continue to investigate the incident. Local prosecutor Camille Miansoni told a news conference on Thursday that the probe was...
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July 1, 2021
Adidas shortlists bidders in Reebok sale
Adidas has drawn up a shortlist of bidders for its Reebok brand as it seeks to draw a line under an ill-fated investment that never lived up to the German sporting goods company's expectations, sources close to the matter said. U.S. rival Wolverine, which has partnered with brand transformation specialist...
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June 30, 2021
Mary Cain launches professional women’s running team
Mary Cain has announced the launch of her new professional women’s running team, Atalanta New York. Cain previously ran for Alberto Salazar and the Nike Oregon Project (NOP), and in 2019, four years after leaving the team, she opened up about the emotional and physical abuse she endured in her...
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June 30, 2021
Hoka One One Taps Industry Veteran Matt Rask to Take Its Footwear Design to the Next Level
Prior to Hoka One One, the 20-year industry vet held senior design positions at athletic behemoths Nike and Under Armour, and launched his own industrial design service company, Jackalope Studios, where he worked with outdoor leaders including Patagonia and Keen. Footwear News
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June 30, 2021
Spectator who caused Tour de France crash arrested
The spectator who caused a massive pile-up during the first stage of the Tour de France has been arrested after presenting herself at a police station. The spectator, a 30-year-old French woman, is in custody at a police station in Landerneau, Brittany, the northwest French region where the Tour de France...
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June 30, 2021
Adidas Launches Share Buyback Program
Adidas said its Executive Board has decided to launch a share buyback program in the second half of 2021 amid confidence the company’s latest strategy, ‘Own the Game,’ would generate “substantial” cumulative free cash flow over the next five years. SGBMedia
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June 29, 2021
He Felt Like Running: 100 Days, 100 Ironman-Length Triathlons
James Lawrence completed 100 Ironman-distance races in 100 days. He brought a whole community — and a nonprofit that has come under scrutiny — along with him. NYT
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June 29, 2021
A New Study Suggests Employee Wellness Programs Are Pretty Much Useless
Employee wellness programs neither make workers healthier nor save companies money, says new research out of Harvard and the University of Chicago. Inc.
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June 29, 2021
UCI president blames Tour de France crashes ‘above all’ on riders and tension in peloton
UCI president David Lappartient has denied that the design of the course on stage 3 of the Tour de France had anything to do with the numerous crashes that shook up the peloton and left a large number of riders injured. Cycling News
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June 29, 2021
Gympass Emerges Stronger Out Of The Pandemic, Doubles Valuation To $2.2B
The company announced Tuesday that it has closed on a $220 million round, at more than double its last valuation of $1 billion in June 2019. The corporate wellness platform is now valued at $2.2 billion with SoftBank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group investing in this funding round. TechCrunch
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June 28, 2021
Amazon’s Growing Fitness Ambitions
Amazon is looking for a Head of Fitness Programming to join its Halo team — the group leading the company’s new wave of fitness services. Halo, a fitness band and subscription service, made its debut last August. The device helps users assess their overall health and movement; the subscription offers hundreds of exercise, sleep,...
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June 28, 2021
Fitness companies back in business with IPOs
The last week has seen a number of companies in the fitness industry making comebacks with public offerings or announcing intent to do so: Pure Barre parent Xponential Fitness seeks IPO likely valuing firm at some $1.3B Seeking Alpha Beachbody went public via a three-way business combination with Peloton competitor...
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