News Topics
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February 21, 2023
Porsche assumes complete ownership of Greyp e-bike brand
After acquiring a majority interest in the Greyp in 2021, Porsche announced it has assumed complete ownership of the e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, had held about a 10% stake in Greyp since 2018. Bicycle Retailer
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February 20, 2023
Quell Raises $10M In Series A Funding Round
Quell, the UK-based fitness gaming developer and publisher, completed a $10 million Series A funding round led by Tencent with follow-on investment from Khosla Ventures, Heartcore Capital, Social Impact Capital, and entrepreneur Naval Ravikant. This latest round brings Quell’s total financing to $15.6 million. The Series A round enables Quell...
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February 20, 2023
Over 40? Just 20 Minutes of Daily Exercise Can Keep You Out of the Hospital
Researchers found that among nearly 82,000 British adults, those who regularly exercised were less likely to be hospitalized for various health conditions in the coming years. The list included such common ills as pneumonia, stroke, diabetes complications and severe urinary tract infections. US News
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February 19, 2023
In San Francisco Bay, Wetsuits Make Waves Among Swimmers
Wetsuits have a long history in the frigid waters of the Bay Area, but some swimmers who forgo the neoprene shame those who wear them. Some Bay Area triathlete pages call them “wuss suits.” Despite the local history, a war rages on over whether to wear wetsuits. WSJ
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February 17, 2023
Climate change could force ‘decoupling’ of long-distance athletics events – World Athletics chief
World Athletics president Sebastian Coe said long-distance events could be "decoupled" from major championships due to climate change as concerns mount about competitor welfare in soaring heat. At the Tokyo Olympics in 2021 many competitors struggled with extremely hot and humid conditions. News24
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February 17, 2023
Forbes 30 Under 30 Honoree Dies After Arizona Marathon
Pierre Lipton, 26, started the Mesa Marathon at 6:30 a.m. on February 4, chasing a personal best. After 26.2 miles running 7:15 mile pace, Lipton crossed the finish line in 3:10:05, a new PR. A few steps from the finish line, he collapsed near paramedics. They tried CPR unsuccessfully and...
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February 17, 2023
Olympia Sports Intellectual Property Sold At Auction
The intellectual property and related assets of Olympia Sports, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter, were sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank. Olympia Sports filed for bankruptcy last September to liquidate its remaining 35 stores....
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February 17, 2023
Shimano forecasts 21% sales drop in 2023
In its fourth quarter and full-year financial results report, the company forecast that 2023 sales in its bike components business will produce 396 billion yen ($2.95 billion), down from the 517 million yen recorded in 2022, a 23% drop. Bike component sales make up about 79% of Shimano’s business with...
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February 17, 2023
Strava’s trying to make route planning easier by crowdsourcing photos from users
You can find route photos for any sport featured in the Routes section of the app, including running, trail running, walking, hikes, rides, mountain bike rides, and gravel rides. According to Strava, the platform has roughly 2.3 million photos from 200 million user-uploaded public activities in the past year to...
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February 16, 2023
Three Perspectives on Ironman’s Controversial New Open Category and Transgender Policy
In a larger press release sent out on February 6, Ironman announced the creation of a new Open participatory division, with the hopes of “[providing] a welcoming and inclusive field for able-bodied athletes that cannot or do not wish to race in a competitive age or gender group.” The press...
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February 15, 2023
NBC Sports, Peacock secure US media rights for the Tour de France on six-year extension
NBC Sports and Peacock will retain the exclusive U.S. broadcast rights for the Tour de France on a six-year extension, officials confirmed Wednesday. As part of its previous agreement, NBC Sports and Peacock will present full live coverage of 110th Tour de France this summer July 1-23, 2023. The extension means NBC Sports...
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February 14, 2023
Tonal seeks buyer or fresh investment at US$500m valuation
Tonal, the smart home gym tech startup backed by an array of leading athletes, is reportedly seeking fresh investment or a potential buyer at a valuation of US$500 million – only slightly more than a quarter of what it was said to be worth last year. The company, which manufactures...
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February 14, 2023
Shimano’s Sales Climb 15 Percent In Year, Topping Guidance
Shimano reported that net income rose 10.6 percent on a 15.1 percent revenue gain in its year ended December 31. Both earnings and sales easily topped the company’s guidance. Sales are expected to decline 20 percent in the current year. Sales increased 15.1 percent from the previous year to ¥628,909...
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February 13, 2023
Outside Is Launching a New Dynamic Paywall
Starting today all users will be able to view a limited number of articles across Outside Online each month—and soon to be rolled out on all of its sites—means readers no longer find certain stories blocked as premium only. It will also mean they need to at least register for...
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February 13, 2023
Morning Workouts May be Better for Burning Fat, Study Finds
In the study, published February 13 in the journal Proceedings of the National Academy of Sciences (PNAS), researchers studied the fat (adipose) tissue of mice after a session of high-intensity exercise performed during the early active phase and early rest phase of their daily cycle. Healthline
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February 13, 2023
Strava’s CEO Resigns: Company Begins Search for New KOM
Strava’s CEO, Michael Horvath, has resigned, saying that “I have decided that Strava needs a CEO with the experience and skills to help us make the most of this next chapter”. The company says that “the search for Strava’s next CEO is underway”. While not listed in the letter, I’ve...
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February 13, 2023
Top 10 Healthiest Cities in America in 2023
The Mindbody + ClassPass annual Wellness Index ranks the health of the 50 most populous US cities. The rankings are based on a variety of factors, including how much residents exercise, how stressed they feel, the amount of rest they get, how many of them smoke, and how much alcohol...
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February 10, 2023
Mark Sutton to depart CyclingIndustry.News, Jonathon Harker moves to Editor role
Mark leaves the role having established the brand in 2016 as a trade-focused website that has since drawn monthly audiences of up to 100,000 unique users through a combination of daily news, recruitment and podcasts with industry leaders. With the online presence established the title grew with the addition of...
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February 10, 2023
Adidas Expects Breakup With Yeezy to Cost Over $1B
Adidas’ separation from Yeezy, formerly known as Kanye West, may have a bigger fallout than initially anticipated. The sportswear company revealed Thursday it’s expected to lose $1.3 billion in revenue and nearly $534 million in operating profit this year after ending the relationship with the rapper in October over his...
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February 9, 2023
Parlee Cycles files for Chapter 11 bankruptcy protection
Custom carbon frame maker Parlee Cycles Inc. filed for Chapter 11 bankruptcy protection on Monday and will continue operations during the process. A balance sheet in its filing showed Parlee's liabilities totaled $4.4 million and total assets totaled $2.6 million at the end of January. BRAIN
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February 9, 2023
Fox Racing Enters MTB Footwear Category
Fox Racing, the global leader in motorcycle and mountain bike safety equipment and apparel, has entered the mountain bike shoe category. With the launch of the Union shoe series, Fox now offers both mountain bike and motocross riders head-to-toe protection and apparel. Shop Eat Surf
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February 8, 2023
Adidas Unveils 2023 Boston Marathon Celebration Jacket
With just over two months until the 127th Boston Marathon on April 15, Adidas unveils this year’s version of the jacket, with a design focused on sustainability and minimal environmental impact. However, not all runners are pleased with the announcement. Believe in the Run
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February 8, 2023
Pace-tuned run shoe start-up Vimazi aiming to secure US$1m in funding
Pacific Northwest based running shoe start-up Vimazi opened its most recent funding round for US$1 million in preferred stock this week. By engineering its shoes according to the pace of the runner, Vimazi’s pace-tuned technology claims to provide more shock absorption with less energy loss than other brands. Endurance.biz
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February 8, 2023
Under Armour Beat Expectations in Q3 — And Footwear Was a Major Growth Driver
The Baltimore-based brand reported revenues of $1.6 billion, up 3% over last year. Net income was $122 million and adjusted diluted earnings per share was $0.16. Both earnings and revenues exceeded the expectations of analysts surveyed by Yahoo Finance. Yahoo Sports
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February 7, 2023
Duo Jailed For Robbing British Cycling Star Cavendish At Knifepoint
Two men were jailed on Tuesday for robbing British cycling star Mark Cavendish and his wife Peta of their high-value watches in a knifepoint attack at their home in 2021. The pair broke into the property about 40 kilometres (25 miles) northeast of London in the early hours of November...