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 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...
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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...
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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...
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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...
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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...
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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...
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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...
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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
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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
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October 13, 2022
Electrolit Welcomes Enrico De La Torre as New Commercial Director of Canadian Office
CERRITOS, Calif. (October 13, 2022)/ENDURANCE SPORTSWIRE/ – Electrolit – the preferred, premium hydration beverage made from pharmaceutical quality grade ingredients – is pleased to welcome Enrico De La Torre as the company's new Commercial Director for the Canada office. This change goes into effect as of September 2022, following the welcoming...
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October 13, 2022
Red Bull Bay Climb Returns for Heart-Pounding Fifth Anniversary
San Francisco, Calif. (October 13, 2022) /ENDURANCE SPORTSWIRE/ - On Saturday, October 22nd, Red Bull will host the 5th annual Red Bull Bay Climb at San Francisco’s iconic Potrero Hill, a heart-pounding, uphill, sufferfest of a bicycle sprint race. In true Red Bull style, the unique course and race format...
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October 12, 2022
Saris Cycling Group Acquired By C+A Global At Bankruptcy Auction
C+A Global acquired Saris Cycling Group at a bankruptcy auction and will rename the brand Saris Equipment. Based in Edison, NJ, C+A is a worldwide manufacturer and online retailer of consumer products and electronics. It is a longtime manufacturer of bike racks, trainers, storage racks, public bike systems, and infrastructure....
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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 11, 2022
Mardi Gras Mambo welcomes Baton Rouge General as Title Sponsor
Baton Rouge, LA /ENDURANCE SPORTSWIRE/ - On your mark, get set, go! Carnival season starts early as FRESHJUNKIE Racing (FJR) is thrilled to announce registration is Now Open for the 2023 Baton Rouge General Mardi Gras Mambo. The event boasts a distance for everyone from beginners to runners dipping their...
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October 11, 2022
RunSignup Q3 Company Update
October 11, 2022 - Moorestown, NJ /ENDURANCE SPORTSWIRE/ - RunSignup, the leading registration provider for U.S. endurance events, provides a third quarter update. Data continues to show signs of the endurance industry improving after the long effects from the pandemic - yet Hurricane Ian’s impact on the industry was immediate...
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October 11, 2022
BikeInsure Continues to Expand Partnerships: Adds Montgomery Cyclery
October 11, 2022 / ENDURANCE SPORTSWIRE / – BikeInsure, an insurtech company specializing in bicycle insurance for cyclists in the United States, is excited to announce that it has expanded its partnerships with Montgomery Cyclery, family owned and operated since 1965. As a result, bicycle and eBike owners across the...
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October 10, 2022
ShowcasedEVENT INSIGHTS: Increase Registrations with Pricing and Referrals
Events across the country are looking for ways to help increase registrations in the midst of an uncertain economy and lingering effects of pandemic challenges. One of the most effective ways to help increase registrations is through pricing strategies and offering rewards for referrals. This webinar explores these topics and...
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October 8, 2022
Biostarks Becomes Official Biomarker Testing Kit of The Global IRONMAN Triathlon Series and Title Partner of the 2022 IRONMAN Arizona, Part of the VinFast IRONMAN U.S. Series
TAMPA, Fla. /ENDURANCE SPORTSWIRE/ - IRONMAN today announced a multi-year partnership naming Biostarks as the Official Biomarker Testing Kit of the Global IRONMAN® Triathlon Series. The partnership is debuting this week at the 2022 VinFast IRONMAN® World Championship, taking place in Kona, Hawai`i on Oct. 6 & 8, 2022. In addition,...
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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 4, 2022
National Cycling League Announces $1 Million Prize Purse and 2023 Host Cities
(New York, N.Y., October 5, 2022) /ENDURANCE SPORTSWIRE/ - The National Cycling League (NCL) is proud to announce the largest prize purse in U.S. crit racing history with a $1 Million up for grabs. To win their share of the purse, 10 teams (2 NCL teams and 8 invited teams)...
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October 4, 2022
Great Runs Rates the Best and Worst Airports for Runners
BOSTON, Mass. October 4, 2022 /ENDURANCE SPORTSWIRE/ – Great Runs, the ultimate guide to the best places to run in destinations worldwide, has named the best and worst airports for runners. Runners who travel for business or pleasure will, at some point, end up at a hotel near an airport. Perhaps...
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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...