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.
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September 7, 2023
USATF Board Member Jim Estes Suing USATF & Max Siegel for Negligence & Defamation
Last week, USATF board member Jim Estes filed a lawsuit in Marion County, Ind., against USATF, its CEO Max Siegel, and its COO Renee Washington. Estes is alleging negligence by USATF and Washington and defamation per se and invasion of privacy by Siegel. All of this stems from the bidding process for the...
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September 7, 2023
Kane Footwear Expands Officially-Licensed College Collection, Partners with Top NCAA Athletes
Westport, CT (September 7, 2023) /ENDURANCE SPORTSWIRE/ - Kane Footwear, a leader in active recovery footwear, is excited to announce the expansion of their officially-licensed college collection with 11 new schools. In celebration of the expansion, they’re partnering with five top NCAA athletes to promote the new shoe drop, including...
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September 7, 2023
Ultra X and Ecolibrium Partner to Drive Sustainable Racing
/ENDURANCE SPORTSWIRE/ – Ultra X, a prominent name in the world of ultramarathon events, is excited to announce a partnership with ecolibrium, a growing community of festivals, suppliers, artists and music companies taking action to reduce the environmental impacts of travel, the largest source of emissions from live events. The...
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September 6, 2023
Pon Bike acquires Italian shoe brand Nimbl
Dutch cycling powerhouse Pon Bike has announced the acquisition of premium Italian cycling shoe brand Nimbl. The brand, founded by Francesco Sergio, former Head of Sports Marketing for Cervelo, has an established relationship with Team Jumbo Visma. Unusually, in the world of pro team sponsorship, Sergio has intimated that it...
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September 6, 2023
Zwift and Wahoo partner-up again after patent spat
Indoor training giants Zwift and Wahoo have agreed to start collaborating again after settling a patent lawsuit earlier this week The latter took legal action against Zwift in October 2022 for alleged patent infringement relating to its Hub smart trainer, launched in September. Last week, it was reported that both parties had agreed to end the...
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September 6, 2023
USTA Launches Investment Fund to Support Tennis Growth
The USTA (U.S. Tennis Association) has launched USTA Ventures, through the USTA Strategic Investment Committee, which will be charged with evaluating a broad spectrum of long-term investment opportunities. The focus will be on acquiring potential equity stakes in technologies and other companies that will help to advance the growth of tennis...
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September 6, 2023
Raccoon Media Group has been acquired by Cuil Bay Capital
September 2023, London/ENDURANCE SPORTSWIRE/ – Raccoon Media Group Ltd has announced that a new investment vehicle, Cuil Bay Capital (CBC), has today acquired a majority stake in the business. CBC is led by Doug Emslie, the former CEO of Tarsus Group who will join the board as chairman, replacing Ralph Collett....
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September 6, 2023
Kinomap announces new video preview integration with Strava
(Sept. 6, 2023) /ENDURANCE SPORTSWIRE/ - Kinomap, an interactive video-based training app for runners, cyclists and rowers, today announced a new integration with Strava, the leading subscription platform at the center of connected fitness, that allows users of both platforms to upload 10-second video clips. Integrated with Strava since 2016,...
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September 6, 2023
runDallas and the Dallas White Rock Marathon President Paul Lambert Departing the Organization
DALLAS, Sept. 6, 2023 /ENDURANCE SPORTSWIRE/ – The Board of Directors of the Dallas White Rock Marathon (DWRM), the parent organization of runDallas and the BMW Dallas Marathon Festival, announced Paul Lambert, president of DWRM, is departing the organization to pursue other interests. During this transition, Charles Peyton, Chairman of the...
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September 6, 2023
Treat Public Relations Welcomes PR Specialist Anna Gimre To Expanding Team
MISSION VIEJO, Calif. /ENDURANCE SPORTSWIRE/ – Treat Public Relations, the endurance sports industry’s premier public relations partner, has welcomed Anna Gimre to their team. As a PR Specialist, Gimre will play a key role in executing the strategic media relations plans that earn Treat PR clients valuable press coverage for their...
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September 5, 2023
Life Time Unveils Company’s First Ground-Up Pickleball Club in Chanhassen, Minnesota
CHANHASSEN, Minn., Sept. 5, 2023 /ENDURANCE SPORTSWIRE/ - As pickleball continues its explosive growth trajectory, Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand and the largest provider of permanent pickleball courts in the country, today announced the groundbreaking of Life Time Pickleball Chanhassen, the Company's first ground-up pickleball location in the country. Life Time Chanhassen...
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September 5, 2023
Lithium-ion battery company BMZ Group acquires Nox Cycles
Lithium-ion battery manufacturer The BMZ Group acquired e-bike brand Nox Cycles Austria, its sister companies in Germany and Switzerland, and the Hawk Bikes brand. The BMZ Group has been the battery and motor supplier for Nox e-MTB models and its distributor and online retail partner. The group acquired from Gaby...
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September 5, 2023
Doug Emslie’s Cuil Bay Capital launches with acquisition of Raccoon Media Group
Cuil Bay Capital (CBC), a new investment vehicle led by Informa advisor and former Tarsus Group CEO Doug Emslie, has announced its inaugural investment, the acquisition of a majority stake in Raccoon Media Group. Founded in 2016, Raccoon achieved acclaim with the launch of the multi-award-winning National Running Show, which...
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August 31, 2023
Life Time Introduces Unprecedented Pre-Race Party for the 26th Annual Chicago Half Marathon & 5K Presented by HOKA
Chicago, Illi. (Aug. 31, 2023) /ENDURANCE SPORTSWIRE/ - Life Time (NYSE: LTH), the nation’s premier healthy lifestyle brand, is thrilled to unveil the precursor to the renowned Chicago Half Marathon & 5k presented by HOKA. Departing from a traditional race expo, the inaugural pre-race party is set to take place...
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August 31, 2023
Wahoo and Zwift agree to settle patent suit
Last October, Wahoo sued Zwift and JetBlack for patent infringement, alleging that Zwift’s new Hub trainer, which JetBlack manufactures, infringed on its patents. Wahoo quickly settled with JetBlack, with Jet Black agreeing not to sell its version of the Hub, called the Volt, in the U.S. or Europe. JetBlack continues...
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August 31, 2023
Lululemon’s Raises Outlook As Q2 Comps Jump 11 Percent
Lululemon Athletica, Inc. raised its guidance for the year as second-quarter results exceeded expectations. Earnings rose 21.6 percent on an adjusted basis in the quarter with revenues ahead 18 percent. Comparable sales increased 11 percent or 13 percent on a constant dollar basis. Sales of $2.2 billion topped guidance in the...
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August 31, 2023
Invictus Games Foundation sponsors wounded, injured and sick service personnel and veterans in RBC GranFondo Whistler 2023
[Vancouver / Whistler, BC] /ENDURANCE SPORTSWIRE/ - The Invictus Games Foundation is furthering its mission of inspiring recovery through sport by sponsoring the We Are Invictus category, one of two new categories in the RBC GranFondo Whistler 2023, created this year in celebration of the upcoming Invictus Games Vancouver Whistler 2025....
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August 30, 2023
Georgia Communities Welcome Back Athens to Savannah Ride
Sandersville, GA, August 30, 2023 /ENDURANCE SPORTSWIRE/ - Georgia Hi-Lo Trail Inc. and Sports Strategies announce the 2023 edition of the Athens to Savannah Ride, taking cyclists on their choice of a 4-day Gravel Ride or a 3-day Road Ride across rural Georgia. The ride starts from Athens on October...
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August 30, 2023
GSI Outdoors and Buck Knives Partner to Celebrate Outdoor Cooking with Exclusive Prize Pack Giveaway
Spokane, Wash. — August 30, 2023 /ENDURANCE SPORTSWIRE/ - GSI Outdoors and Buck Knives are thrilled to announce an exciting partnership that celebrates the joy of cooking in the great outdoors. In collaboration with renowned outdoor cooking chefs, Adam and Jessica Cheek of @adam.northwest, the brands are set to launch...
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August 26, 2023
Turkish Airlines announced as Official Airline Partner of RBC GranFondo Whistler
[Vancouver, BC Canada]/ENDURANCE SPORTSWIRE/ - Turkish Airlines, national flag carrier of Türkiye and 8 times winner of the Skytrax Best European Airline award, including in 2023, today announced a new partnership with RBC GranFondo Whistler, the largest Gran Fondo cycling event in North America, becoming Official Airline Partner. This partnership...
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August 25, 2023
Giant aware and working to get fake website taken offline
Gympass, the leading corporate wellness platform, announced it has raised $85M in a Series F funding round at a valuation of $2.4 billion. The new investment will accelerate Gympass' growth globally as companies prioritize decreasing healthcare costs and improving employee wellbeing. HRTechCube
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August 24, 2023
Alchemy Bikes’ New Lycos Gravel Bike Now in Stock, Ready to Ship
Golden, Colorado (August 24, 2023) /ENDURANCE SPORTSWIRE/ - Following its recent dramatic reduction in the entry price for the Lycos family of full-carbon gravel bikes, Alchemy Bikes now has full size runs in all standard builds and colorways in house and ready to build to order and ship within two...
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August 24, 2023
ÖTILLÖ splashes out in USA with acquisition of Ödyssey Swimrun Series
Swimrun AG, the Swiss-based owner of ÖTILLÖ, The Swimrun World Championship, and the ÖTILLÖ Swimrun World Series, has acquired a majority stake in Swimrun USA, a leading organizer of swimrun races in the US and the company behind the Ödyssey Swimrun Series. All Ödyssey Swimrun races will become part of...
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August 24, 2023
Cycling travel experts Sportive Breaks announce new partnership with Active on Holiday
August 2023 - UK/ENDURANCE SPORTSWIRE/ – Cycling travel experts, Sportive Breaks promote bespoke premium travel packages for cyclists looking to take part in the world’s most prestigious grand tours, cycling classics and weekenders. They offer a range of customised travel packages including cycling tours, training camps, hospitality, and VIP experiences, allowing...
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August 23, 2023
Peloton shares drop 20% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality
Pelotonon Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 20%. The company fell short of analysts’ earnings estimates but beat sales expectations. CNBC