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.
January 27, 2026
Life Electric Vehicles set to acquire Rad Power Bikes for $13.2 million
Life Electric Vehicles Holdings Inc. is expected to acquire Rad Power Bikes' assets for $13.2 million, outbidding four other companies during an auction for the e-bike brand that declared Chapter 11 bankruptcy protection last month. Based in Deerfield Beach, Florida, Life EV agreed to acquire Rad Power's assets for $13,276,102...
January 26, 2026
RIA Welcomes New Board Members and Names New Executive Team
The Running Industry Association (RIA) has elected four new members to its Board of Directors (Board), comprised of retailers, brands and associate (non-endemic) members. Members voted to appoint three new retail members and one new brand member to fill the open seats on the Board and serve three-year terms. RIA...
January 26, 2026
Nike slashes 775 jobs in US to speed up automation, boost profit
Nike is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and accelerate its use of automation. The cuts will primarily impact distribution center roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, the...
January 22, 2026
Under Armour Faces Data Breach
Under Armour said it’s investigating claims of a massive data breach after a cybercriminal posted millions of customer records to a hacker forum. Under Armour spokesperson Matt Dornic told TechCrunch that the company is “aware of claims that an unauthorized third party obtained certain data.” “Our investigation of this issue, with the assistance...
January 20, 2026
Peloton Sues US Government Over Tariffs, Joining Other Companies
Peloton and its commercial equipment division, Precor, have sued the federal government in the U.S. Court of International Trade seeking refunds on tariffs they paid. In the complaint, filed Jan. 7, the connected fitness giant argues the duties were unlawfully imposed under a series of executive orders beginning in early 2025, contending...
January 20, 2026
Canyon to reduce workforce by up to 320
Canyon says it is aiming to "reduce complexity and simplify processes," a procedure that includes reducing its workforce by up to 320 workers. "In cycling, you don't win a race through sheer size, but through speed, precision, and agility. We are now laying the foundation to regain our operational power...
January 19, 2026
Murphy signs controversial e-bike law requiring registration, insurance in New Jersey
Gov. Phil Murphy signed a controversial e-bike bill into law Monday, citing safety issues in the wake of several fatal crashes and ignoring objections from cycling groups that argued there are better ways to address safety concerns. The new law places all kinds of e-bikes — from those that need to be pedaled...
January 15, 2026
$7,300 in cash, $30M in debt: Why Grand Slam Track isn’t dead yet
After filing for Chapter 11 bankruptcy last month, Michael Johnson’s Grand Slam Track faced its creditors for the first time Wednesday at a federally required creditors’ meeting. During the creditors’ Zoom meeting, known as a Section 341 hearing, the league revealed it had just $7,300 in cash on hand. With more than...
January 13, 2026
reTyre closes on $8M funding round, enters agreement with Vittoria
Norwegian tire startup reTyre has closed on a 7 million euro ($8.1 million) funding round that includes cycling startup investor Fundracer. The company (profiled in a May 2025 BRAIN article) also announced it is partnering with Vittoria to co-develop a performance tire using reTyre's injection molding technology. ReTyre said it will...
January 12, 2026
Oura, Fullscript team up to bring wearable data to clinical care
Supplement recommendations are about to get a lot more personal. Fullscript and Oura Health announced their partnership to make wearable data available to practitioners, integrating personalized tracking data and health care on the supplement sales platform. Oura is well known for its smart ring that tracks biometric data, including sleep and activity,...
