BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
March 11, 2025
Rad Power Bikes CEO Phil Molyneux to leave brand
Rad Power Bikes announced that CEO Phil Molyneux will leave the brand and also confirmed its sixth workforce reduction, with this round affecting its direct-to-consumer sales staff. Bicycle Retailer
March 7, 2025
Investors increase stake in Factor Bikes to 52.87%
News from the Shanghai Stock Exchange points to a change in ownership stake at Factor Bikes, as Zhonglu Holdings “plans to acquire and increase its capital investment in Factor Bikes PTY Ltd.” BikeBiz
March 5, 2025
How Ski Brand Salomon Hit $1B in Sneaker Sales
Salomon footwear hit $1 billion in sales in 2024 for the first time. Long known for its ski and hiking gear, the brand has become a favorite among fashion influencers. FOS
March 5, 2025
Scott Sports USA introducing click-and-collect program
Scott Sports USA has unveiled its click-and-collect sales channel integrated with Locally that will include participating dealers across the continental U.S. Bicycle Retailer
March 5, 2025
Adidas warns of slower growth in 2025 despite 12% revenue rise
Adidas cautioned that it expects slower growth in 2025, despite posting a 12 per cent rise in full-year sales in 2024, which it said was ‘significantly better than initially expected’. SportsPro
March 4, 2025
Aescape Secures $83MM in Strategic Funding, Announces U.S. Expansion with Equinox
Aescape, the lifestyle robotics company pioneering AI massage for personalized recovery, today announced it has raised $83MM in a strategic round led by Valor Equity Partners, an early investor in Tesla and SpaceX. Yahoo Finance
March 4, 2025
On Holding Swings to Q4 Profit in Q4; DTC Reaches 48.8 Percent of Net Sales
On Holding AG posted strong full-year 2024 results, exceeding its latest outlook across all metrics and driving ONON shares up over 7 percent in pre-market trading on Tuesday, March 4. SGB Media
February 27, 2025
Trump says he’ll add another 10% to Chinese tariff
President Donald Trump announced on social media that he will impose an additional 10% tariff on imports from China, on top of the 10% he announced earlier this year. For many bike products, that means an additional 45% in tariffs has been added since last June, when exclusions expired for...
February 26, 2025
Belgian Cycling Factory acquires Nukeproof from Frasers Group
Following a tumultuous period for the bike industry, there’s plenty of evidence that there’s still a way to go before things go back to “normal”, not least in terms of brands finding a new home and/or route to market. The latest of these is mountain bike brand Nukeproof, formerly distributed...
February 25, 2025
Al Trautwig, Long-Time Voice of IRONMAN Kona Broadcasts, Passes Away
Al Trautwig, known to most triathletes as the long-time narrator of IRONMAN’s NBC Kona broadcasts, has died. He was 68. Trautwig died Sunday at his home in New York due to complications from cancer. Slowswitch