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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July 15, 2021
XTERRA Adventures TV Series Premieres July 15, XTERRA Beaver Creek this Sat
The first episode in an all-new season of XTERRA Adventures debuts on xterraplanet.com and Outside TV tonight, July 15, 2021, at 10pm EDT. The seven-episode TV series takes viewers to some of the most iconic destinations in all of endurance sports for an inside look into the races, places, and...
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July 15, 2021
Kate Hudson-Backed Apparel Brand Fabletics Taps Banks for IPO
Fabletics, the workout-apparel brand backed by Kate Hudson, has tapped banks to help it prepare for an initial public offering that it hopes would value it at more than $5 billion, according to people familiar with the matter. WSJ
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July 14, 2021
She Used to Sell the Shoes, Now Tracy Ann Roeser Designs the Running Shop
The lifelong runner designed a new Long Island running store and a space for Olympic athletes to train—all while working from home during COVID-19. Women's Running
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July 14, 2021
Why Racing Events announces transition of ownership to long-time employee
Vancouver, WA – Why Racing Events, a race management company that produces events throughout the Pacific Northwest, has announced that 100% ownership has transitioned to Karissa Schoene, a long-time employee who has been managing and involved in production of many of the races for the last 15 years. Sherri McMillan,...
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July 14, 2021
Peloton Pays Out Musicians Better Than Spotify, Apple
On a per stream basis, Peloton blasting your favorite song during a workout supports the artist who made it more than clicking play on the top music streaming services. Peloton pays musicians $0.03 per stream. Neither Spotify nor Apple Music pays even one full cent, respectively doling out $0.0035 and $0.0068 per stream....
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July 14, 2021
34% of professional riders receive no salary, says Cyclists’ Alliance 2021 Rider Survey
Every year The Cyclists' Alliance carries out a rider survey to provide hard data on the current ‘status quo’ of professional women's cycling. With regards to salaries, the survey found that 86% of riders surveyed this year think that salaries for women’s professional cycling are too low for the level...
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July 14, 2021
Aquasphere Partners with Escape from Alcatraz Triathlon™
SAN FRANCISCO (July 14, 2021) – IMG, a global leader in sports, events, media and fashion, has signed Aquasphere as the official goggle, wetsuit and swim cap sponsor for the 40th Anniversary Escape from Alcatraz Triathlon, taking place August 14-15, in San Francisco. Aquasphere, the premier swimming and triathlon equipment...
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July 14, 2021
J&A Racing and haku Extend Partnership To Continue Driving Exceptional Participant Experiences Through Innovation
In continuation of their longstanding and successful partnership, J&A Racing and haku, an unparalleled technology partner, have announced the extension of their strategic partnership through a multi-year agreement. The partnership extension empowers J&A Racing to continue providing their extensive community with the most superior experiences, while enabling them to move...
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July 13, 2021
BibRave’s Marketing Success Boosts Missoula Marathon Registration, Partnership to Renew through 2022 Race Event
Portland, OR - BibRave, the running industry leader in grassroots digital marketing, partnered with the Missoula Marathon to provide extensive marketing services in the lead up to the 2021 Virtual Missoula Marathon, Half Marathon, & 5K. BibRave’s in-depth knowledge of the running industry and Missoula’s marketing needs led to significant...
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July 13, 2021
iFIT Acquires Sweat, a Leading Digital Fitness App for Women
(LOGAN, Utah, July 13, 2021) iFIT Health & Fitness Inc. (“iFIT”), a global leader in connected fitness software, content and equipment, today announced it has acquired Sweat, a leading platform for women's health and fitness. The acquisition of Sweat expands iFIT’s presence in the global digital fitness market, and accelerates...
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July 13, 2021
F45 Training Reveals More About IPO In Revised Filing
In a revised S-1 form filed with the Securities and Exchange Commission for its initial public offering (IPO), F45 Training, Austin, Texas, revealed that it expects to sell 20.3 million shares to the public at $15 to $17 per share. If all goes as planned, the company could be valued at $1.45...
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July 13, 2021
woom USA and woom Europe Merge for the Love of Cycling
AUSTIN, Texas and KLOSTERNEUBURG, Austria – July 13, 2021– The children's bicycle manufacturer woom continues to cycle towards becoming a global brand, with the merger of woom Europe and woom USA. This merger will double woom’s workforce globally, optimize and enhance product innovation and evolve woom’s supply chain and manufacturing...
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July 13, 2021
Addaday welcomes Olympic Gold Medalist and World Cup Champion Cross-Country Skier Jessie Diggins to its Roster of Elite Athletes
SANTA MONICA, Calif., July 13, 2021 – Addaday, a health and wellness lifestyle brand dedicated to taking the guesswork out of feeling better, announces its partnership with Olympic gold medalist and World Cup champion cross-country skier Jessie Diggins. The addition of Diggins combined with Addaday’s designation as U.S. Ski & Snowboard’s...
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July 12, 2021
Shimano to invest nearly $300M in Singapore and Japan factories
An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year. According to the report Shimano also decided to invest another $118 million in its factories in Osaka and Yamaguchi, Japan, to expand production capacity. BRAIN
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July 8, 2021
IZIP Bikes Celebrates 15 Years of Innovation and Good Vibes
KENT, Wash. (July 8, 2021) — IZIP Bikes, a long-standing leader in the electric bike industry, celebrates its 15 year anniversary this summer. Founded by electric car pioneer Malcolm Currie, the company’s origins are rooted in the innovative technology of the EV1 automobile—the world’s first mass-produced electric car. Today IZIP...
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July 8, 2021
Michael Avenatti sentenced to 2.5 years in prison for attempting to extort Nike
A federal judge on Thursday sentenced celebrity lawyer turned criminal defendant Michael Avenatti to 30 months in prison for attempting to extort millions of dollars from Nike. Avenatti, who rose to fame as Stormy Daniels' lawyer, was convicted in February 2020 of three counts for threatening to publicly accuse the sportswear company...
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July 8, 2021
Adidas auction of Reebok takes a hit as key bidder Authentic Brands drops out
A key bidder has dropped out of the auction for Reebok, making it more likely that German-based Adidas will take an even bigger hit on its disastrous, 15-year stint as the owner of the struggling sneaker brand, The Post has learned.
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July 8, 2021
Vittoria Tires Announced as Official Tire Provider of USA Cycling
COLORADO SPRINGS, Colo. – USA Cycling announced a new partnership today with Vittoria Tires, making them the official tire of USA Cycling. Vittoria Tires will be supporting the USA Cycling National Team, the USA Cycling Olympic Development Academy, USA Cycling Development Camps, and USA Cycling’s National Championships. This broad reaching...
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July 8, 2021
LEOMO partners with elite Tokyo International University Ekiden Club
Boulder, CO (July 8, 2021) — LEOMO Inc., a company that helps runners and triathletes of all levels improve their technique and form with products and direct-to-customer services that enable faster, stronger, more efficient, injury-free running, has signed a partnership agreement with the successful Tokyo International University Ekiden Club. Under...
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July 8, 2021
The IRONMAN Group names Geoff Meyer Managing Director for Oceania
TAMPA, Fla. (July 14, 2021) – The IRONMAN Group is pleased to announce that Geoff Meyer has been named the company’s new Managing Director for Oceania. Meyer brings to the position a significant wealth of experience and knowledge through his almost 20 years in the mass participation sports industry working...
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July 8, 2021
Asobi Ventures acquires majority stake in Cinelli and Columbus brands
Asobi Ventures has acquired a majority share in Gruppo Srl, the parent company of Italian bicycle manufacturer Cinelli and tube manufacturer Columbus. In partnership with Austin, TX-based Asobi Ventures, Cinelli and Columbus plan to expand their footprint with bike dealers globally while building on the foundations it has established in...
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July 7, 2021
X2 Performance, a manufacturer of sports drinks and supplements, raised $16 million
Giants running back Saquon Barkley has joined Bucs linebacker Lavonte David and the NBA’s Kawhi Leonard as an investor in X2 Performance, the makers of non-carbonated energy drinks. Barkley’s investment comes as part of a $16 million Series D raise, led by previous investor L Catterton. The company started in...
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July 7, 2021
Küat Racks Adds a Second Distribution Facility in Gardena, CA
July 7, 2021 (Springfield, MO)– Küat Innovations, Inc., a Springfield, MO based company, has added a second distribution facility in Gardena, CA, just 16 miles from the Port of Los Angeles and Port of Long Beach. This second distribution facility will add 8500 square feet of space and will allow...
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July 7, 2021
The IRONMAN Group Welcomes Roshanie Ross as Chief Digital Officer
TAMPA, Fla. – The IRONMAN Group is pleased to announce the addition of Roshanie Ross as the company’s new Chief Digital Officer. With over 20 years of relevant experience, Ross will oversee the direct-to-consumer efforts, digital experience enhancement, and operation of the digital suite of products and platforms for the...
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July 7, 2021
GiveSignup | RunSignup Closes Q2 with 8% Increase in Transaction Volume Compared to 2019
Moorestown, NJ – GiveSignup | RunSignup, the leading technology provider for fundraising and endurance events, closed out Q2 with encouraging signs of recovery and growth for both the company and their customers. With vaccination rates going up and reductions in event modifications, events re-emerged rapidly through the quarter, culminating in...