News Topics
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July 13, 2021
Marathons Are Back: Why Races Are Key for Brands Looking to Extend the COVID-19 Running Boom
With COVID-19 forcing people to find ways outside of the gym to stay fit, leading running brands have forged bonds with new runners and strengthened relationships with the experienced. As the world opens back up, the key to securing them all for the long haul might be in races. Footwear...
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July 13, 2021
What will happen to athletes who test positive for COVID-19 at the Olympics?
The International Olympic Committee (IOC), along with the respective International Federations, has developed the Tokyo 2020 Sport-Specific Regulations (SSR) to determine how any confirmed COVID-19 cases will be handled at the Games. Can you guess what they will do? Canadian Running Mag
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July 13, 2021
As Virus Cases Speed Up, Seoul Tells Gym Users to Slow Down
Treadmills can go no faster than a brisk walk, and songs must fall below 120 beats per minute, under new regulations that confused some exercisers in South Korea. “It seems weird to me,” one said. NYT
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July 13, 2021
F45 Training Reveals More About IPO In Revised Filing
In a revised S-1 form filed with the Securities and Exchange Commission for its initial public offering (IPO), F45 Training, Austin, Texas, revealed that it expects to sell 20.3 million shares to the public at $15 to $17 per share. If all goes as planned, the company could be valued at $1.45...
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July 12, 2021
ASICS Launches NFT ‘Digital Footwear’ at Auction This Week
Another wave of the future — digital footwear — is here. ASICS’ new footwear collection isn’t actually footwear at all … it’s a massive 189-piece collection of nine ASICS digital footwear products. And all the products will be up for grabs via NFT. GearJunkie
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July 12, 2021
Athletes more likely than non-athletes to have irregular heartbeats
Researchers analyzed 13 studies between 1990 and December 2020 which examined the health of athletes who took part in sports including cycling, running, swimming, Nordic skiing, orienteering, rowing, football, rugby and netball. The studies included data on 70,478 participants. Researchers found the risk of atrial fibrillation was 2.46 times higher among...
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July 12, 2021
Shimano to invest nearly $300M in Singapore and Japan factories
An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year. According to the report Shimano also decided to invest another $118 million in its factories in Osaka and Yamaguchi, Japan, to expand production capacity. BRAIN
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July 8, 2021
Michael Avenatti sentenced to 2.5 years in prison for attempting to extort Nike
A federal judge on Thursday sentenced celebrity lawyer turned criminal defendant Michael Avenatti to 30 months in prison for attempting to extort millions of dollars from Nike. Avenatti, who rose to fame as Stormy Daniels' lawyer, was convicted in February 2020 of three counts for threatening to publicly accuse the sportswear company...
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July 8, 2021
Adidas auction of Reebok takes a hit as key bidder Authentic Brands drops out
A key bidder has dropped out of the auction for Reebok, making it more likely that German-based Adidas will take an even bigger hit on its disastrous, 15-year stint as the owner of the struggling sneaker brand, The Post has learned.
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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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