Business
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February 17, 2020
Wanda Sports considering $1 billion sale of Ironman triathlon
Wanda Sports Group Co. is considering selling the Ironman triathlon business it bought in 2015, according to people familiar with the matter. The company, part of Chinese billionaire Wang Jianlin’s conglomerate, is working with an adviser and has held discussions with some private-equity buyers that expressed interest in the business according to...
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February 17, 2020
Charity founded by disgraced cyclist announces relaunch plan
The cancer charity whose yellow wristbands became a global brand under founder Lance Armstrong is seeking to reinvent itself, years after donations and revenues crashed along with the disgraced cyclist’s career. Armstrong was nowhere to be seen earlier this month during Livestrong’s “relaunch” ceremony in Austin, and gone are the yellow...
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February 17, 2020
Asics’ Q4 sales In North America show modest decline
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion. Read more about the decline on SGB Media.
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February 12, 2020
Spartan officially acquires Tough Mudder UK
As has been reported in recent weeks, Spartan has been acquiring the UK properties of Tough Mudder. Today it became official and all events scheduled for 2020 will occur as planned. This includes a Tough Mudder City event taking place on April 17-18, and Europes’ Toughest Mudder, which is 12 hour overnight event on June...
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February 12, 2020
Mizuno’s Sales Slide In Nine Months
Mizuno Corp. reported revenues in the nine months ended December 31 declined 3.9 percent. Revenues reached ¥122.7 billion ($1.12 bn). In the Americas region, sales grew 8.6 percent to ¥15.2 billion ($138 mm) from ¥14.0 billion. Mizuno said sales in golf and running were strong in the Americas. Read more on SGB...
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February 12, 2020
‘McDreamy’ to be honorary captain of US Olympic cycling team
Patrick Dempsey will serve as the honorary captain for the U.S. cycling team at the Tokyo Olympics this summer, part of a unique working relationship between USA Cycling and the actor best known for his role on the TV show “Grey's Anatomy.” Read more about why USA Cycling reached out to...
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February 12, 2020
DMSE Sports Names Matthew West as Chief Executive Officer
Boston (February 12, 2020) – DMSE Sports, an event management company for the road race and charity walk industries, has named Matthew West, long-time senior vice president of operations, as chief executive officer. With more than 15 years in mass participatory event management, first as a senior event manager and...
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February 12, 2020
Velo Launches Year of the Rat Saddle
Velo Saddles launches their limited edition Year of the Rat saddle this week at CABDA Midwest building on their annual tradition of offering a special saddle to celebrate the Chinese New Year. Rats aren’t always perceived in the most favorable ways in popular culture, but the reality is that they...
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February 12, 2020
St. Anthony’s Triathlon Names Patrick McGee as New Triathlon Manager and Race Director
PETERSBURG, FL., (FEBRUARY 12, 2020)– Patrick McGee, an industry veteran in triathlon and multisports, is taking the helm as the new St. Anthony's Triathlon manager and race director. McGee will lead the Triathlon as it prepares for its 37th annual race weekend, to be held from April 24-26. St. Anthony’s Triathlon is...
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February 11, 2020
Under Armour misses Q4 targets and delivers weak outlook
Under Armour Inc. reported an unexpected fourth-quarter loss and missed Wall Street estimates for its revenues. The company also warned of soft 2020 results and said it’s considering another massive restructuring initiative to rebalance its cost base. Click on SGBMedia to see the numbers.
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February 11, 2020
Berkshire’s Brooks running unit sues Brooks Brothers over trademark
Brooks, the running shoe and apparel unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, filed a trademark infringement lawsuit against Brooks Brothers, pitting two companies whose roots date back more than a century against each other. Read more on Reuters.
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February 11, 2020
Rock ‘N’ Roll Marathon Series Announces Apple Pay Is Now Available and The Preferred Method of Payment for All U.S. Rock ‘N’ Roll Marathon Series Events
Apple Pay improves the overall Rock ‘n’ Roll Marathon Series event experience providing further convenience for runners, family and friends TAMPA, Fla. (February 11, 2020) – The Rock ‘n’ Roll Marathon Series®, a part of The IRONMAN Group, announced today Apple Pay is now available and is the preferred method...
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February 11, 2020
CamelBak® Expands Leadership Team with Key Marketing Hire
CamelBak welcomes Natasha Schroth as director of global brand marketing. PETALUMA, Calif. (Feb. 11, 2020)– CamelBak®, the global leader in award-winning personal hydration products, welcomes Natasha Schroth as the brand’s new director of marketing. Natasha will manage global marketing strategy for CamelBak, spearheading the scale and growth within the marketing department as...
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February 11, 2020
deboer wetsuits partners with Troi Agencies in South Africa
Stamford, CT, Release: February 11, 2020. deboer wetsuits is proud to have Troi Agencies as a retail partner in South Africa. We think there is a lot of opportunity in the South African market, and Troi Agencies makes a great partner to grow alongside. Marc Price, Director of Troi Agencies: “We distribute niche,...
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February 7, 2020
Soul Focus Sports Announces Aaron Jacobsen as Run Local Brand President
Jacobsen leads a revamped company into the new decade, including a growing staff Capitola, Calif. (February 7, 2020) – Coming off of a successful kickoff to the Run Local Bay Area 2020 race series at the 408k 'Race to the Row' brought to you by Amazon, Soul Focus Sports, owners...
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February 6, 2020
Skechers stock soars after Q4 sales beat forecasts, brand warns of coronavirus impact
Shares for Skechers USA Inc. surged in after-hours trading on Thursday after the shoemaker posted fourth-quarter sales that blew past expectations. In its financial report for the period ended Dec. 31, Skechers logged revenues that rose 23.1% to $1.33 billion, compared with analysts’ predictions of $1.25 billion. Earnings per share were in line...
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February 5, 2020
Rad Power Bikes Closes $25 Million in Funding to Grow Direct to Consumer Electric Bike Business
Vulcan Capital and Durable Capital Partners LP Invest in North America’s Largest Ebike Brand SEATTLE - February 5, 2020 — Rad Power® Bikes, a Seattle-based ebike brand, closed $25 million in funding led by Vulcan Capital and Durable Capital Partners LP. The funding will support new brick and mortar retail...
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February 5, 2020
Nike, Adidas say coronavirus will hurt business in China
Nike Inc. closed about half of its company-owned stores in China as a result of the coronavirus outbreak, which it expects to have a material impact on operations in the country. Rival brand Adidas AG followed suit Wednesday, saying it has closed a significant number of stores in China and franchisees are doing likewise. Read more...
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February 5, 2020
Pioneer sells cycle sports business to Shimano
Cycling power meter specialist Pioneer has signed an agreement to transfer its cycle sports business to Shimano. Shimano plans to develop products, web services and applications using the Pioneer Cycle Sports assets and make Shimano services available to customers who currently use Pioneer’s Cyclo-Sphere web services, PC tool, and smartphone applications. Read more...
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February 5, 2020
Peloton Raises Guidance After Cruising To Q2 Beat
In just its second quarterly earnings report since going public, Peloton Interactive Inc. notched impressive earnings and revenue beat as the company grew its number of connected fitness subscribers 96 percent to 712,005 and its total members to more than 2 million. Read what the earnings look like on SGBMedia.
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February 5, 2020
BibRave Partners with Blistering Pace Race Management to Reimagine Race Promotion
New campaigns stepped outside the box to create fresh race marketing ideas. Portland, OR - BibRave, the running industry leader in grassroots digital marketing, recently partnered with race management company Blistering Pace Race Management (BPRM) to create two new programs that broke from typical race marketing strategies. To increase the...
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February 5, 2020
The Amy D. Foundation Names Executive Director
Julie Kuliecza Takes The Helm Of The Growing Nonprofit (Boulder, CO). The Amy D. Foundation announced Julie Kuliecza as the Executive Director of the nonprofit dedicated to building opportunity, participation, and equality for women in the sport of cycling. Kuliecza, a paralegal, professional cyclist and former managing director of a...
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February 5, 2020
deboer wetsuits is proud to have Palani Distribution as a retail partner in France
Stamford, CT, Release: February 5, 2020. deboer wetsuits is proud to have Palani Distribution as a retail partner in France. France is an important market for deboer wetsuits, and we are very excited to work with Palani Distribution in retail and growing the brand. Arnaud Selukov, Owner of Palani Distribution...
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February 5, 2020
Elite Athletes Carlos Trujillo And Iveen Chepkemoi Sign with Elite Runner Management
Olympian Trujillo & Kenyan Chepkemoi sign agency contracts with Chris Mengel GROSSE POINTE (MI) - Professional runners Carlos Trujillo and Iveen Chepkemoi have signed agency contracts with Elite Runner Management LLC (ERM), the Michigan based sports agency headed by Chris Mengel. “It’s a privilege to have the opportunity to work...
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February 4, 2020
Peloton and Flywheel Sports settle litigation cases
Indoor cycling business Peloton has settled its patent infringement case against Flywheel Sports, with Flywheel simultaneously dropping a separate counter proceeding at the U.S. Patent and Trademark office. Within the court documents, Flywheel made the admission that Peloton’s patents were indeed valid and enforceable. The patents relate to Peloton’s “at home”, “remote streaming” and...
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