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.
June 7, 2022
Let’s Do This backed by Usain Bolt and Serena Williams gets $60M to bring endurance sports events to everyone
Let’s Do This, the online marketplace that makes it easy for people to find, book and prepare for endurance sports events such as running, triathlon, cycling and obstacle experiences around the world has just announced raising $60M in its concluded Series B funding round. The platform is quickly gaining recognition,...
June 6, 2022
Peloton Appoints CFO
Peloton Interactive, Inc. announced it had appointed Liz Coddington as chief financial officer, effective June 13, 2022. Coddington brings more than 20 years of experience in financial planning, analysis and operational finance. She succeeds Jill Woodworth, who stepped down as the company’s CFO. SGB Media
June 6, 2022
US cycling great Greg LeMond reveals cancer diagnosis
US cycling great Greg LeMond, a three-time Tour de France winner, has revealed he is receiving treatment for leukemia. Lemond confirmed that he would not be travelling to the Tour de France this year where he has worked with several media outlets since his retirement in 1994. France24
June 3, 2022
Lululemon’s Footwear Launch ‘Far Exceeded’ Expectations and Outweighed Supply
Lululemon just reported better-than expected results for the first quarter, in part driven by the brand’s successful launch into new categories like footwear, golf and tennis. The Vancouver, British Columbia-based athleisure brand reported that first quarter net revenues increased 32% to $1.6 billion versus an expected $1.53 billion. In North America,...
June 1, 2022
24 Hour Fitness Appoints President And CEO
24 Hour Fitness announced it appointed Karl Sanft as president and CEO. For the past three years, Sanft has worked at the company as chief operating officer overseeing its nationwide network of clubs. SGBMedia
May 31, 2022
Peloton Has to Get Off the Bike
Peloton’s new CEO Barry McCarthy, who’s trying to turn a great big bulky barge around with pep talks and a puny paddle, is in a whole lot of hurt right now. He’s short on cash and trying to borrow a bundle from big banks with their own problems and he’s...
May 31, 2022
Asics Partners With Freshly
The limited-edition collaboration, Freshly + Asics, will feature three meal plans: one for pre-race, one for post-race and one for sustainable wellness. Runners select the plan or plans that best fit their training needs, and receive an auto-populated cart featuring the corresponding meals curated by Freshly’s in-house nutritionist. Meals are...
May 26, 2022
BikeExchange CEO resigns as company announces plans to raise capital
BikeExchange, a global online listing platform that hosts thousands of brands and retailers, recently announced that Mark Watkin, global CEO, has resigned immediately. Watkin will stay on with the company, following five years of service, until a replacement has been found. Bikebiz
May 25, 2022
Wall Street Reacts To Under Armour CEO Transition
Effective June 1, Frisk will step down but stay as an advisor to support the transition through September 1, 2022. Under Armour’s board has initiated a search for his replacement. During his tenure, Under Armour’s revenues increased by $704 million, and its operating margin expanded to 9.3 percent from a...
May 25, 2022
Fugitive wanted in killing of elite cyclist traveled to New York City, authorities say
Kaitlin Marie Armstrong, the woman suspected of fatally shooting elite cyclist Anna Moriah "Mo" Wilson in Texas, is believed to have traveled to New York City after the killing, authorities said Wednesday. Armstrong, 34, is accused in the May 11 shooting of Wilson -- who had previously dated Armstrong's boyfriend...