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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October 11, 2022
Bollé Brands to sell Cébé eyewear brand to D.MO/RACER
Bollé Brands has confirmed its intention to sell the Cébé eyewear brand to D.MO/RACER, which have joined forces to make the acquisition. D.MO’s executive team includes Sébastien Delsaux and Maxime Bos, who are former employees of Cébé. The new acquisition is supported by RACER’s historical finance partners, Upperside Capital Partners and...
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October 11, 2022
Wahoo sues Zwift for patent infringement over turbo trainer
American company says Zwift's new Hub trainer is 'identical, in all material respects, to the KICKR CORE'. Cycling Weekly
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October 7, 2022
Rad Power Bikes disputes State Farm fire claim
Rad Power Bikes denied that one of its e-bikes started a residential fire that caused property damage and led to a lawsuit being filed against the brand on Tuesday. The lawsuit states Luff's Rad Power e-bike — model not disclosed — malfunctioned and failed catastrophically and resulted in a fire...
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October 6, 2022
Peloton slashing 500 more jobs as it races to return to growth
Peloton is cutting another 500 jobs in a move that CEO Barry McCarthy said should position the struggling fitness equipment maker to return to growth. The cuts, which amount to about 12% of Peloton's workforce, mark a pivot point for the company, McCarthy told CNBC on Thursday. Peloton already has...
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October 3, 2022
Science in Sport raises and may sell to hedge against economic downturn
Science in Sport has this morning announced its intention to raise up to £5 million via the allocation of new ordinary shares in a bid to hedge against an economic downturn. Having just invested big in a new Blackburn production headquarters, the company has looked to steady itself, anticipating that...
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October 3, 2022
Peloton will put bikes in every Hilton-branded hotel in the U.S.
Peloton will put bikes in all 5,400 Hilton-branded hotels in the United States as part of a partnership announced Monday, as the bike maker pushes to expand its reach. The partnership will provide at least one bike to each hotel fitness center, including locations of the 18 Hilton brands, such...
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September 30, 2022
Judge Dismisses Peloton’s Lawsuit Against Lululemon Regarding Apparel Infringement
Peloton’s lawsuit against Lululemon, which sought a judgment ruling that Peloton’s apparel did not infringe on Lululemon’s design patents, has been dismissed. A judge in the Southern District of New York on Thursday granted Lululemon’s request to dismiss Peloton’s complaint, which means litigation is likely to continue between the two...
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September 30, 2022
Some Dick’s Sporting Goods stores to carry Peloton products
More than 100 Dick's Sporting Goods stores will soon sell Peloton stationary bikes, treadmills and accessories starting this holiday season. It will be Peloton's first distribution agreement with a brick-and-mortar retailers. Dick's will also sell the products on its website. Bicycle Retailer
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September 29, 2022
Peloton will sell Bikes, Treads at Dick’s Sporting Goods in its first brick-and-mortar partnership
The collaboration will make Dick’s the first brick-and-mortar retailer outside of its namesake stores to carry Peloton equipment. Peloton had long been an exclusively direct-to-consumer business before it began selling its products on Amazon in August. CNBC
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September 27, 2022
Pearl Izumi Trims Staff, Plans Sale Of Colorado Headquarters
Pearl Izumi has eliminated an undisclosed number of positions at its Louisville, CO headquarters and plans to sell its headquarters building, according to a report from BusinessDen. The cycling apparel brand was acquired by United Sports Brands in May. Candi Whitsel, SVP of marketing at United Sports Brands, declined to...
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September 26, 2022
Dick’s Sporting Goods Is Hiring 9,000 Workers This Holiday Season
The sporting goods retail giant announced today its plan to hire up to 9,000 seasonal associates throughout the country, starting on Sept. 28 with “National Signing Day,” an annual recruiting effort event that is now in its fifth year. This number is down from last year’s hiring event, which sought...
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September 26, 2022
Nautilus Board Considers Sale of Company, Other Strategic Alternatives
Nautilus Inc. said Monday that a potential sale of the company is being considered, part of a broader review of strategic alternatives launched by its board. The fitness products provider said it hasn't set a timetable for the conclusion of its review and that there's no guarantee it will result...
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September 23, 2022
Why Your Local Running Store Matters
There are a lot of places to buy running shoes nowadays—at a big sporting goods shop, at a mall chain store, at an online retailer, at a discount website or at a running specialty store. The best way to buy your next pair of running shoes is to walk into...
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September 21, 2022
North American distributor HLC acquired by private equity
North American bicycle parts and accessories distributor HLC has been acquired by MiddleGround Capital, an investment specialist that tends to buy into middle market B2B industrial and specialty distribution companies. Founded on a collaboration between the Hawley and Lambert families, HLC is one of North America’s larger distribution houses, hosting...
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September 20, 2022
Pon rumoured to have invested in OneUp Components
Published, but unconfirmed rumours are circulating that the Pon Bike arm has made a strategic investment in mountain bike label OneUp Components. In what might make sense as part of a move to further enhance its finishing kit portfolio, if true, the investment may presumably give the Cannondale and Santa...
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September 16, 2022
Skechers settles trademark fight with Brooks Running over ‘5’ logo
Skechers and Brooks have settled a trademark infringement lawsuit. Skechers on Friday filed a notice of dismissal of the suit, which had alleged that Brooks Sports used a number “5″ mark on its shoes that was “confusingly similar” to Skechers’ “S” mark it generally uses on its sneakers. A Brooks...
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September 16, 2022
DoorDash and DICK’S Sporting Goods Partner for On-Demand Retail Delivery
Today, we are excited to announce a partnership with DICK’S Sporting Goods, the leading U.S. omnichannel retailer that serves athletes and outdoor enthusiasts, to offer on-demand delivery from more than 700 stores across 47 states, including Washington D.C. DICK’S Sporting Goods is DoorDash’s first sporting goods and apparel retail partner...
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September 14, 2022
Hydrow Announces Settlement of Patent and Trade Dress Infringement Lawsuit Against iFIT
In February 2022, Hydrow filed a design patent and trade dress infringement action against iFIT and its NordicTrack RW700 and RW900 rowers. As a part of the settlement, iFIT agreed to redesign certain aspects of the rowers named in the lawsuit. The remaining terms of the settlement agreement are confidential....
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September 14, 2022
Emerald Receives Final Proceeds Relating to Insurance Litigation Settlement
Emerald Holding, Inc. (NYSE: EEX) ("Emerald" or the "Company") today announced that it has received proceeds totaling $149.25 million related to its previously announced insurance litigation settlement for canceled events under the Company’s 2020 and 2021 event cancellation insurance policies. Of the $149.25 million, $148.54 million is expected to be...
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September 13, 2022
Athlete Training App Kollektiv Raises $1.5 Million in Pre-Seed Funding, Company Co-Founded by Olympic Triathlete Helle Frederiksen
Kollektiv, an athlete training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised about $1.5 million (11m Danish Krone) in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Sporttechie
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September 13, 2022
Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup
Co-founder and former CEO John Foley resigned from his position as executive chairman of the board effective Monday. Fellow co-founder Hisao Kushi will leave his post as the company’s chief legal officer Oct. 3, while Kevin Cornils, chief commercial officer, who has been with the company since 2018, will leave...
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September 13, 2022
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year. Thule noted that it communicated in its half-year report on July 21 that the general market in bike retail, at the time,...
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September 13, 2022
Amynta Group Acquires iFIT Health & Fitness Extended Warranty Operations
AmyntaGroup, an insurance services provider, has acquired the extended warranty operations of iFIT Health & Fitness, Inc., operated through its wholly-owned subsidiary, Universal Technical Services (UTS). As part of the transaction, Amynta has entered into a long-term strategic partnership with iFIT to deliver a full-service platform of extended warranty protection...
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September 12, 2022
InsideTracker Raises $15 Million Series B Round Led by PeakBridge
InsideTracker, which applies machine learning algorithms to wellness data and biomarkers, has raised a $15 million Series B round led by PeakBridge. Returning investor BASF Venture Capital GmbH joined the round, as did Cornucopian Capital and OurCrowd. Sporttechie
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September 12, 2022
Tonal to Raise $100M at $1.9B Valuation
Home gym-maker Tonal is looking to raise $100 million in financing in a deal that would value the company at $1.9 billion, according to Bloomberg. The potential funding round for Tonal — backed by a star-studded group of investors including Serena Williams, LeBron James, Mike Tyson, Drew Brees, and others...