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.
September 16, 2022
Skechers settles trademark fight with Brooks Running over ‘5’ logo
Skechers and Brooks have settled a trademark infringement lawsuit. Skechers on Friday filed a notice of dismissal of the suit, which had alleged that Brooks Sports used a number “5″ mark on its shoes that was “confusingly similar” to Skechers’ “S” mark it generally uses on its sneakers. A Brooks...
September 16, 2022
DoorDash and DICK’S Sporting Goods Partner for On-Demand Retail Delivery
Today, we are excited to announce a partnership with DICK’S Sporting Goods, the leading U.S. omnichannel retailer that serves athletes and outdoor enthusiasts, to offer on-demand delivery from more than 700 stores across 47 states, including Washington D.C. DICK’S Sporting Goods is DoorDash’s first sporting goods and apparel retail partner...
September 14, 2022
Hydrow Announces Settlement of Patent and Trade Dress Infringement Lawsuit Against iFIT
In February 2022, Hydrow filed a design patent and trade dress infringement action against iFIT and its NordicTrack RW700 and RW900 rowers. As a part of the settlement, iFIT agreed to redesign certain aspects of the rowers named in the lawsuit. The remaining terms of the settlement agreement are confidential....
September 14, 2022
Emerald Receives Final Proceeds Relating to Insurance Litigation Settlement
Emerald Holding, Inc. (NYSE: EEX) ("Emerald" or the "Company") today announced that it has received proceeds totaling $149.25 million related to its previously announced insurance litigation settlement for canceled events under the Company’s 2020 and 2021 event cancellation insurance policies. Of the $149.25 million, $148.54 million is expected to be...
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
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...
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,...
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...
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
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...