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 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 13, 2022
Matt Moore Joins PeopleForBikes as General Counsel
BOULDER, COLO. (September 13, 2022) /ENDURANCE SPORTSWIRE/ – PeopleForBikes, a national bicycling advocacy organization and the U.S. bicycle industry’s trade association, is proud to announce the hiring of Matt Moore as general counsel. Based out of Minneapolis, Minnesota, Moore comes with nearly two decades of bike industry legal and advocacy experience....
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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...
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September 9, 2022
Oofos Receives Investment From Derek Carr
Las Vegas Raiders Quarterback, Derek Carr, has invested in the recovery footwear maker Oofos as part of a multi-year partnership that also sees Carr as a brand ambassador. SGB
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September 9, 2022
Run Catalina Announces Lightfoot Coaching Training Programs for Run Catalina Athletes as the Official Coach of Run Catalina events
/ENDURANCE SPORTSWIRE/ - Run Catalina announced today the addition of Lightfoot Coaching training programs for its trail athletes. “Proper trail training is crucial for runners competing on any of our Run Catalina courses, which are filled with challenging peaks, elevation changes, and rewarding views of Catalina Island. We are offering...
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September 9, 2022
rabbit Co-Founders Keep Dreaming at Cascade Express Marathon
/ENDURANCE SPORTSWIRE/ -Monica DeVreese and Jill Deering, co-founders of rabbit, the free-spirited, California running apparel brand, know what it means to dream. Their original dream? To create a running apparel brand that married style, function and fit. When they first concocted the idea years ago, they utilized their 30-plus years...
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September 8, 2022
ShowcasedA Business as Secure as Your Bib: BibBoards Celebrates 5 Years
/ENDURANCE SPORTSWIRE/ - BibBoards is celebrating five years of serving endurance athletes, brands, and race coordinators. BibBoards has grown significantly in the last few years and has made a commitment to partnering with more brands, races, and organizations to get BibBoards into the hands and onto the shirts of more...
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September 7, 2022
ShowcasedOutside Interactive® is acquired by Kinomap North AmericaTM
Paris/Boston, September 7th, 2022 /ENDURANCE SPORTSWIRE/ – Today it was announced that Outside Interactive®, a Boston-based developer of patented video simulation technology for cardio equipment and endurance events, has been acquired by Kinomap North AmericaTM. The US headquarters will remain in Hopkinton, Mass. as a basecamp for sales and marketing initiatives. “We...
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September 6, 2022
Elevation Culture launches creative event services
/ENDURANCE SPORTSWIRE/ – Since 2015 Elevation Culture has designed and created for over 3,000 + trail/mountain sports events across the USA, in addition to working with some of the most influential outdoor industry brands. Founder and Designer of Elevation Culture Eric Chrisman pioneered the authentic finish line experience with the creation...
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September 2, 2022
Steve Lenz Jr. Helps bring BibBoard’s Partnerships across the Finish Line
/ENDURANCE SPORTSWIRE/ – As BibBoards continues to grow and partner with endurance events around North America it is important to bring in industry experts to help manage sponsorships and partnerships. BibBoards are the perfect tool for endurance event coordinators to provide added value to their events while factoring in marketing potential....
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September 2, 2022
USA Triathlon Hires TurnkeyZRG To Lead CEO Search
COLORADO SPRINGS, Colo./ENDURANCE SPORTSWIRE/ – USA Triathlon today announced it has retained the services of TurnkeyZRG, part of the ninth-largest talent firm in the world and the top talent recruiting firm in the sports industry, to assist in conducting an inclusive and comprehensive search process to identify and recruit a diverse pool...
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September 1, 2022
Lululemon Shares Soar After Earnings and Revenue Beat in Q2
The Vancouver, British Columbia-based athleisure brand Lululemon reported that second quarter net revenues increased 29% to $1.9 billion versus an expected $1.77 billion. In North America, revenues increased 28%. Adjusted diluted earnings per share were $2.20 compared to $1.86 expected. Same store sales were up 23%. FN
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September 1, 2022
QBP lays off about 50 employees company wide
Quality Bicycle Products reduced its U.S. workforce by 6% on Wednesday, cutting jobs across all departments at its U.S. facilities. The company said its U.S. and Canadian distribution centers remain fully operational. Bicycle Retailer
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September 1, 2022
Lakeshore Athletic Services West Region Expansion
Lakeshore Athletic Services is pleased to announce the move to our new and improved office and warehouse location in Mesa, Arizona. Our new AZ headquarters are located in a brand new construction building, boasting a 1700 square foot office and warehouse facility. Event Equipment & Services Lakeshore Athletic Services has...
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September 1, 2022
ShowcasedINFINIT Nutrition announces its expansion to the European market
Prague, Czech Republic, September 01, 2022 /ENDURANCE SPORTSWIRE/ – Started in 2003, INFINIT was one of the first companies to establish themselves in the now rapidly growing personalized nutrition space. Their proprietary Osmo-Fit technology gives consumers the ability to create customized hydration and protein ready-to-mix nutritional drinks. After its 18 successful years’...
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August 31, 2022
Mike Reilly, “Voice of Ironman,” Announces Retirement
After 33 years of calling races, well-loved race announcer, author, and speaker, Mike Reilly announced his upcoming retirement on Instagram. Over the course of his career, “Voice of Ironman” Reilly had been behind the microphone at over 1,000 endurance events, bringing tens of thousands of athletes home across the finish...
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August 31, 2022
Clif Bloks Energy Chews Contain Less Caffeine Per Cube Than Advertised, Class Action Says
A proposed class action contends that each cube of Clif Bloks Energy Chews contains less caffeine than advertised. The 28-page suit says that although product labels lead buyers to believe that each Clif Bloks cube will contain 25mg or 50mg of caffeine, depending on the flavor, the energy chews actually...
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August 30, 2022
Peloton Delays Filing Amid Cost-Cutting Restructure
Peloton’s issues have reached the accounting department. The company is delaying its annual 10-K filing with the Securities and Exchange Commission as it irons out details related to its ongoing restructuring effort. The comprehensive annual filing, which typically contains details not included in a company’s annual report, is required by the SEC within 60...
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August 30, 2022
Trademark filings hint at future ‘Reality’ AR/VR product from Apple
There are number of indications pointing towards a major announcement from Apple within months regarding an entirely new tech ecosystem based around a “realityOS” or “rOS.” Popular Science
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August 30, 2022
DAZN To Broadcast Super League Triathlon With Deal Until End of 2023
/ENDURANCE SPORTSWIRE/ - Super League Triathlon (SLT) has agreed a deal with DAZN, the leading global sports streaming platform, to broadcast all events live across its global platform until the end of 2023. The contract covers Super League’s biggest ever Championship Series in 2022, which kicks off in London on...
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August 29, 2022
Outside Interactive, Inc. Names New Leader of its Cycling Group
Boulder, Colorado (August 29, 2022)/ENDURANCE SPORTSWIRE/ – Outside Interactive, Inc., the world's leading creator of active lifestyle content, services, events, and experiences, today announced the promotion of Alan Crisp to Vice President and General Manager of its Cycling Group. Formerly the group’s Senior Sales Director, Crisp assumes leadership of the world’s largest...