News Topics
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December 7, 2022
Anta Exploring Amer Sports IPO
Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg. Amer Sports, headquartered in Finland, is the parent of Salomon, Arc’teryx, Peak Performance, Atomic, Suunto,...
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December 7, 2022
Cyclist Gwen Inglis’ family awarded $353 million verdict in civil lawsuit against driver
Michael Inglis, the husband of late cyclist Gwen Inglis, was awarded a $353 million verdict in the civil lawsuit against Ryan Montoya, the driver who struck and killed her on May 16, 2021. Montoya pled guilty to vehicular homicide-driving under the influence last April and was sentenced to eight years...
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December 7, 2022
Kenya looks to criminalise doping in athletics
The east African country avoided a sanction by governing body World Athletics - despite having 55 athletes serving suspensions - last week after committing to spend $25m over the next five years to combat doping. Sports minister Ababu Namwamba hopes to fast track amendments to legislation and crack down on...
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December 7, 2022
Cycling industry layoffs: Strava and Wahoo cut 15% of workforce
According to Bicycle Retailer and Industry News(link is external), Strava — the ride-tracking app which claims to have the world's largest sports community of more than 100 million users — has let go at least 40 employees, including product designers and product managers. One former employee told the cycling industry news website that 14 per...
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December 6, 2022
Peloton Execs Sued for Alleged Insider Trading
A Peloton shareholder is suing some of Peloton’s former and current executives claiming they engaged in insider trading, according to a Nov. 18 filing made public on Nov. 28 and first reported by Bloomberg Law. Club Industry
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December 6, 2022
Bioniq acquires home fitness mirror firm VAHA
Personalised nutrition firm Bioniq has acquired VAHA, which is billed as… ‘Europe’s leading interactive home fitness mirror and the first of its kind in the UK.’ The acquisition is seen as a continuation of Bioniq’s expansion plan and strengthens its health subscription offering in Europe and the Middle East. Endurance.biz
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December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
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December 5, 2022
Sportswear manufacturer Cytech acquires Pasasport
The buyout brings together two manufacturers with a history of innovation in the production of performance cycle clothing, Cytech introducing at Eurobike this year the world’s first 3D printed chamois pad. More than 90 per cent of the company’s turnover is generated in foreign markets and its products are sold...
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December 5, 2022
Campagnolo releases $2000 24-karat gold Big Corkscrew
To celebrate the iconic design, Campagnolo is releasing a limited edition Big Corkscrew plated in 24-karat gold as well as an 18-karat rose gold version. The price, as you can imagine, reflects the lustrous coating. Velo News
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December 4, 2022
Heptathlete sues USA Track and Field
During a heatwave, American heptathlete Taliyah Brooks collapsed amid the 2021 U.S. Olympic trials. The athlete has taken legal action against USA Track and Field, the governing body for the sport. Heading into the trials, Brooks was a top contender in the heptathlon, a two-day, seven-event sport that involves three track...
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December 2, 2022
Former Amazon executive joins Zwift as co-CEO with founder Eric Min
Zwift founder Eric Min announced Friday that he will become co-CEO, sharing duties with former Amazon executive Kurt Beidler. Min, who has been CEO since Zwift's founding in 2014, said Beidler's hire came after "a long search." Min will also remain chairman of Zwift's board of directors. Bicycle Retailer
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December 1, 2022
Wahoo Fitness Dismisses Smart Trainer Lawsuit Against JetBlack, Sets Timetable Against Zwift
Wahoo initially filed suit against Zwift/JetBlack back on October 3rd, the same date that Zwift started shipping the trainers into the US & European markets (Zwift previously announced the Zwift Hub on September 6th, 2022). Zwift currently doesn’t sell the trainers in any other markets at this time except the...
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December 1, 2022
Why Twitter Is Good for the Running World
Jesse Williams, a former marketing executive at Brooks and the founder of the event company Sound Running, echoed Goucher’s point. “The live tweeting of splits, placing, and other important info during races is huge for fans and for brands that understand the space,” Williams says. Outside Online
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November 30, 2022
UCI bans team cars from following time trial riders too closely
Tthe UCI has ruled that cars must now follow riders at 15 metres rather than 10 as before, although it is not known how commissaires will measure this in race. Cyclingnews spoke to an aero expert, Richard Kelso, an Adjunct Associate Professor at the University of Adelaide, who explained that the...
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November 30, 2022
Nonbinary Athlete Inclusion and Acceptance in Running
Nonbinary athletes like Riley all have unique experiences, and sports can be inclusive to those diverse experiences in ways that they haven’t been afforded in so many other areas of life. Inclusivity is urgent because nonbinary athletes make up an indispensable part of our community. TrailRunner
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November 30, 2022
Tour de France will skip Paris finale in 2024
For the first time in race history, the Tour de France will not conclude in Paris in 2024. The final stage of the Tour has always been in Paris (or in nearby suburbs), and since 1975 the final stage has ended on the Champs-Élysées. La Gazzetta reports that an official...
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November 30, 2022
Nike, Adidas Could Reduce Order Volumes By 40%
Companies like Nike and Adidas are expected to reduce their order volumes by 30%-40% beginning next summer, with both companies reportedly notifying their manufacturing plants. It’s unclear how long it will last, but some outlets have reported that the volume decrease is expected to continue until the winter — likely...
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November 29, 2022
Wattbike secures £3.25m for global growth
Wattbike has partnered with Praetura Commercial Finance to help fund its ambitious global expansion plans. The £3.25 million asset-based lending facility will help the team invest in its Hub App, which works in tandem with its indoor exercise bikes, as well as target key global territories in the North America...
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November 29, 2022
Long After the Minimalist Revolution, Chris McDougall Returns With “Born to Run 2”
When it was published in 2009, “Born to Run” served as the cannon blast that would become the rallying call for a running revolution centered on minimalist shoe design, the quest for optimal running form and, to some extent, a spartan lifestyle that embraced doing what was practical over doing...
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November 29, 2022
Trends in the running industry: What comes after the Corona boom?
Many have discovered running for themselves in the Corona pandemic. But mega sales for running brands are offset by declining numbers of participants in competitions. Will the runner's high last or will running run out of steam? Urs Weber gave an industry insight at the Runner's World running symposium at...
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November 28, 2022
Black Friday Online Sales Hit Record $9.12 Billion
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers’ websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020. SGB Media
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November 28, 2022
Inside Reebok’s Comeback Plans After Adidas’ Sale to Authentic Brands Group
It’s been less than a year since Authentic Brands Group (ABG) closed its acquisition of Reebok from Adidas for $2.5 billion, yet the heritage athletic brand already has a different energy. With Adidas no longer in control of Reebok, Krinsky outlined the brand’s plans to gain ground in the ultracompetitive...
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November 28, 2022
Sea Otter exhibitor space 90% sold out
Sea Otter Classic exhibitor space is 90% sold out with nearly 1,000 brands set to display at the 33rd annual event. The four-day expo, presented by Life Time, is on track to exceed all sales records, according to event organizers. Several European, Australian, Chinese, and South African companies will exhibit....
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November 27, 2022
Lance Armstrong Once Questioned Why Alex Rodriguez Got Away Clean in Court of Public Opinion and the Infamous Cyclist Did Not
In 2013, after a USADA report, Lance publicly admitted to using banned substances to improve performance. However, when the MLB allowed Alex Rodriguez to play again after banning him for doping, it didn’t sit well with Armstrong. ES
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November 25, 2022
Will you dare run a marathon on a frozen Pangong Lake?
One of Ladakh’s most frequented attractions, the Pangong Tso Lake is set to become the venue for India’s first- frozen lake marathon. The maiden edition of the Pangong Frozen Lake Marathon is scheduled to take place on 20 February 2023, and registrations have already begun. CN Traveller