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.
October 18, 2022
New Balance to establish distribution operations in Lebanon
Major sports footwear and apparel manufacturer to create more than 150 new jobs Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and New Balance Athletics officials today announced the leading athletic footwear and apparel manufacturer will invest $68.5 million to establish a new distribution center...
October 18, 2022
New York Sports Club (NYSC) Announces the Acquisition of Fhitting Room
NEW YORK, Oct. 18, 2022 -- New York Sports Club ("NYSC" or the "Company") and its family of brands, one of the largest privately held fitness operators in the U.S., announced today the acquisition of Fhitting Room, a leading NYC based boutique fitness brand. Founded in 2013, Fhitting Room is known for its HIIT and...
October 18, 2022
The Professional Triathletes Organisation Announces Chris Kermode As Its New Chairman
18 October 2022. London, UK /ENDURANCE SPORTSWIRE/ – The Professional Triathletes Organisation (PTO) today announced the appointment of Chris Kermode as its new Executive Chairman. Kermode has been on the PTO’s Board of Directors since July 2020 and is one of the most experienced administrators in world sport. He moves into the role...
October 18, 2022
Outside Interactive, Inc. Acquires Stomp Sessions, Expanding Virtual Education Into Action Sports
Boulder, Colorado (October 18, 2022)/ENDURANCE SPORTSWIRE/ – Outside Interactive, Inc., the world's leading creator of active lifestyle content, services, events, and experiences, today announced it has acquired Stomp Sessions, an online action sports learning platform dedicated to providing affordable and accessible how-to courses created by top action-sports athletes. The platform’s 100+ tutorials...
October 17, 2022
The Pro’s Closet cuts workforce 15%, citing ‘economic headwinds’
The Pro's Closet laid off 15% of its workforce last week, the certified used bike and component retailer confirmed to BRAIN on Monday. TPC quickly expanded in size and workforce since beginning in 2006 as an eBay store. In May 2021, TPC announced it raised an additional $40 million in Series...
October 17, 2022
Tracksmith Welcomes Massimo Alpian as Director of Brand Communications
BOSTON (October 17, 2022) /ENDURANCE SPORTSWIRE/ – Tracksmith, the independent running brand, is thrilled to announce that Massimo Alpian has joined the brand as Global Director of Brand Communications. Alpian brings nearly two decades of exceptional experience in marketing, communications and sports advocacy in the outdoor industry, fortifying Tracksmith’s commitment to global...
October 17, 2022
David Renton, Former COO of Zwift, Joins Nix Biosensors
BOSTON, MASS. — OCTOBER 17, 2022/ENDURANCE SPORTSWIRE/ – David Renton, former COO of Zwift, has joined Nix Biosensors as Interim Chief Operations Officer and Chief Technology Officer. Renton brings more than two decades of leadership in technology to Nix, whose first consumer product, a small patch that analyzes athletes’ sweat in...
October 17, 2022
ShowcasedSummaForte™ Becomes Rare CBD Brand to Achieve NSF’s Certified for Sport® Qualification
BLOOMINGTON, IN—October 17, 2022 /ENDURANCE SPORTSWIRE/ – Following a months-long rigorous review process, SummaForte™ became one of just three brands using CBD to receive NSF’s Certified for Sport® certification for its drink supplement – SummaMix™. SummaMix™ is an all-natural, vegan drink mix that comes packaged in individual sachets and is mixed with...
October 15, 2022
Thule makes 34 staff cuts in US
As Sweden-based Thule Group's executives are warning investors of a sharp decline in sales and earnings due to a softening bike sector, the company's Americas division is making organizational changes that include 34 staff cuts in management, product development, and manufacturing. Bicycle Retailer
October 13, 2022
North Arc Capital Acquires Project 321
North Arc Capital announced it had acquired the Project 321 brand, known for its magnetic-pawl mountain bike hubs, and bike hub-related assets from JLSO, Inc. Project 321, Inc. is a newly-formed, stand-alone company that was incorporated to complete this acquisition. SGB Media