Business

July 8, 2021

The IRONMAN Group names Geoff Meyer Managing Director for Oceania

TAMPA, Fla. (July 14, 2021) – The IRONMAN Group is pleased to announce that Geoff Meyer has been named the company’s new Managing Director for Oceania. Meyer brings to the position a significant wealth of experience and knowledge through his almost 20 years in the mass participation sports industry working...

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...

July 7, 2021

X2 Performance, a manufacturer of sports drinks and supplements, raised $16 million

Giants running back Saquon Barkley has joined Bucs linebacker Lavonte David and the NBA’s Kawhi Leonard as an investor in X2 Performance, the makers of non-carbonated energy drinks. Barkley’s investment comes as part of a $16 million Series D raise, led by previous investor L Catterton. The company started in...

July 7, 2021

Küat Racks Adds a Second Distribution Facility in Gardena, CA

July 7, 2021 (Springfield, MO)– Küat Innovations, Inc., a Springfield, MO based company, has added a second distribution facility in Gardena, CA, just 16 miles from the Port of Los Angeles and Port of Long Beach. This second distribution facility will add 8500 square feet of space and will allow...

July 7, 2021

The IRONMAN Group Welcomes Roshanie Ross as Chief Digital Officer

TAMPA, Fla. – The IRONMAN Group is pleased to announce the addition of Roshanie Ross as the company’s new Chief Digital Officer. With over 20 years of relevant experience, Ross will oversee the direct-to-consumer efforts, digital experience enhancement, and operation of the digital suite of products and platforms for the...

July 7, 2021

GiveSignup | RunSignup Closes Q2 with 8% Increase in Transaction Volume Compared to 2019

Moorestown, NJ – GiveSignup | RunSignup, the leading technology provider for fundraising and endurance events, closed out Q2 with encouraging signs of recovery and growth for both the company and their customers. With vaccination rates going up and reductions in event modifications, events re-emerged rapidly through the quarter, culminating in...

July 7, 2021

Leslie Jordan, Inc. Certified by the Women’s Business Enterprise National Council

[Portland, OR]—Leslie Jordan, Inc is proud to announce national certification as a Women’s Business Enterprise by WBEC Pacific, a regional certifying partner of the Women’s Business Enterprise National Council (WBENC). Leslie says, “Thanks for the warm welcome to WBENC. We are excited to connect with other women who have worked...

July 7, 2021

Kodiak Commits to Sustainability with “Built for What Matters” Initiative

Cambridge, Ontario, July 7, 2021– Kodiak, the 110-year-old Canadian boot brand, is taking steps to reduce its environmental footprint and improve sustainability through a new multi-year, multi-faceted initiative dubbed, Built for What Matters. The initiative kicks off with a focus on design and manufacturing, incorporating fewer, more sustainable materials and...

July 5, 2021

What’s Next for Peloton After a Rocky, Record-Setting Year

Peloton has beaten earnings estimates every quarter of 2021 so far. However, product issues and a crowded market pose new threats. Front Office Sports

July 1, 2021

Pensacola Sport’s Ray Palmer Elected Board Treasurer of Sports ETA

Pensacola, Fla. – Sports Events and Tourism Association (Sports ETA) announced new board leadership as elected at the Annual General Membership Meeting this week. Ray Palmer, STS, of Pensacola Sports was elected Board Treasurer. “It’s an honor to be selected by my peers to represent them on our industry’s national...

July 1, 2021

Ridepanda receives $3.75 million in financing from four investors

E-commerce company Ridepanda announced it received a combined $3.75 million in financing from investors to help meet demand for its electric vehicles, which include e-bikes. In addition to e-bikes, Ridepanda offers e-mopeds and e-scooters with financing, extended warranties, and customer services, including assembly at home or at a nearby shop. BRAIN

July 1, 2021

Adidas shortlists bidders in Reebok sale

Adidas has drawn up a shortlist of bidders for its Reebok brand as it seeks to draw a line under an ill-fated investment that never lived up to the German sporting goods company's expectations, sources close to the matter said. U.S. rival Wolverine, which has partnered with brand transformation specialist...

June 30, 2021

Mary Cain launches professional women’s running team

Mary Cain has announced the launch of her new professional women’s running team, Atalanta New York. Cain previously ran for Alberto Salazar and the Nike Oregon Project (NOP), and in 2019, four years after leaving the team, she opened up about the emotional and physical abuse she endured in her...

June 30, 2021

HOKA ONE ONE® Strengthens Product Team with Senior Director Hires

(GOLETA, Calif.) June 30, 2021 –HOKA ONE ONE®, a division of Deckers Brands (NYSE: DECK), announces the hiring of two key leadership positions on the product team. The new Senior Directors in footwear design and apparel will continue the brand’s mission to create groundbreaking, innovative performance products that challenge the...

June 30, 2021

Hoka One One Taps Industry Veteran Matt Rask to Take Its Footwear Design to the Next Level

Prior to Hoka One One, the 20-year industry vet held senior design positions at athletic behemoths Nike and Under Armour, and launched his own industrial design service company, Jackalope Studios, where he worked with outdoor leaders including Patagonia and Keen. Footwear News

June 30, 2021

Adidas Launches Share Buyback Program

Adidas said its Executive Board has decided to launch a  share buyback program in the second half of 2021 amid confidence the company’s latest strategy, ‘Own the Game,’ would generate “substantial” cumulative free cash flow over the next five years. SGBMedia

June 30, 2021

Big Sur Marathon Foundation Taps Blistering Pace Race Management as Organization Reboots

CARMEL, CA. – As the running industry eagerly returns to in-person racing, the Big Sur Marathon Foundation (BSMF) is excited to announce their expanded partnership with Napa-based Blistering Pace Race Management (BPRM). On October 1, 2020, the Big Sur Marathon Foundation suspended most business operations in order to preserve resources...

June 30, 2021

Twin Cities In Motion partners with MarathonFoto to capture athletes’ images at Medtronic Twin Cities Marathon Weekend as their official race photography provider.

Twin Cities In Motion is ready to move forward with Medtronic Twin Cities Marathon Weekend this fall and when they do, they will partner with MarathonFoto as their official race photographer.  MarathonFoto will provide participants in Medtronic Twin Cities Marathon Weekend, which takes place October 2nd and 3rd, with a selection...

June 29, 2021

Gympass Emerges Stronger Out Of The Pandemic, Doubles Valuation To $2.2B

The company announced Tuesday that it has closed on a $220 million round, at more than double its last valuation of $1 billion in June 2019. The corporate wellness platform is now valued at $2.2 billion with SoftBank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group investing in this funding round. TechCrunch

June 28, 2021

Amazon’s Growing Fitness Ambitions

Amazon is looking for a Head of Fitness Programming to join its Halo team — the group leading the company’s new wave of fitness services. Halo, a fitness band and subscription service, made its debut last August. The device helps users assess their overall health and movement; the subscription offers hundreds of exercise, sleep,...

June 28, 2021

Fitness companies back in business with IPOs

The last week has seen a number of companies in the fitness industry making comebacks with public offerings or announcing intent to do so: Pure Barre parent Xponential Fitness seeks IPO likely valuing firm at some $1.3B Seeking Alpha Beachbody went public via a three-way business combination with Peloton competitor...

June 27, 2021

Women Only Triathlons Return to Charleston, SC

Mt. Pleasant, SC. Approximately 100 women crossed the finish line of the inaugural Crews Subaru She Tris Sprint Triathlon Hobcaw on May 23rd. Ranging in age from 11 to 78, the women swam 200 yards, biked 12 miles, and ran 2 miles in and around the picturesque Hobcaw neighborhood. “It...

June 25, 2021

KINeSYS Sunscreen Sponsors The Achilles 650-mile Resilience Relay

June 2021 - Vancouver, Canada. KINeSYS Performance Sunscreen is proud to be providing sunscreen to the 200+ athletes and crew for The Achilles Resilience Relay. Achilles International is a global organization operating in 25 countries including the US, which transforms the lives of people with disabilities through athletic programs and social...

June 24, 2021

NIKE Reports Huge Revenue Gains in Latest Financial Results

Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to $44.5 billion. Businesswire

June 23, 2021

UCI suspends Doltcini-Van Eyck manager Marc Bracke for three years in harassment case

Doltcini-Van Eyck general manager Marc Bracke has been handed a three-year suspension for violating the UCI’s code of ethics following an investigation into allegations of sexual harassment. VeloNews