News Topics
March 10, 2020
Wanda Sports Group reports that Coronavirus could have “adverse impact” on business
In a filing sent to the Securities Exchange Commission (SEC) last Friday, WSG, the company that owns IRONMAN, warns that the Coronavirus could adversely affect its Mass Participation, Spectator Sports and DPSS segments, and that adverse effect could be material. Read more Triathlon Magazine.
March 9, 2020
Rossignol considers restructuring, closing or selling its Time Sport frame business
France's Rossignol Group — which besides its ski business owns Rossignol Bike, Time Sport and Felt Bicycle — says it is considering making big changes to the Time frame business and its frame factory in Gajary, Slovakia. The company says frame sales have declined by almost half in the last...
March 9, 2020
London Marathon cancellation fears grow due to coronavirus
Four major marathons or half-marathons have been called off in Europe over the past three days. The Barcelona Marathon became the latest road race to be postponed or scrapped as a result of the outbreak that has thrown sport worldwide into chaos. The event, scheduled for next Sunday, was put back...
March 5, 2020
Coronavirus spurs date change to Sea Otter cycling fest
Much to the dismay of cyclists and bike fanatics across the U.S., Sea Otter Classic has postponed its April event. Held in Monterey County, CA, the event hosts over 1000 exhibitors, 9,600 athletes and 72,500 fans. Read more on Gear Junkie.
March 5, 2020
The Brooks Sports against Brooks Brothers battle continues
Brooks Brothers Group Inc. is fighting back against Brooks Sports Inc. over the right to the “Brooks” moniker. In a filing in U.S. District Court in the Western District of Washington, Brooks Brothers Group denied Brooks Sports’ claims of trademark infringement — accusing the sporting goods brand of violating a 40-year-old trademark coexistence agreement....
March 5, 2020
Hyperice acquires NormaTec
Performance technology company Hyperice announced Thursday it has acquired NormaTec, the creator of the popular pneumatic compression systems. Terms of the deal were not immediately made available, but Hyperice CEO Jim Huether told CNBC with the acquisition, he expects the company’s gross revenue to “more than double within 18 months.”...
March 5, 2020
Pro cycling teams left scrambling as races cancelled due to coronavirus pandemic
Pro cycling teams across the globe are scrambling to deal with a growing coronavirus crisis, one that is already putting the pinch on the international racing calendar. The UAE Tour was stopped in its tracks, and three teams remain in quarantine. On Thursday, RCS Sport canceled Strade Bianche, the first major European race to be affected...
March 5, 2020
Dirt Rag’s parent files for Chapter 7 bankruptcy protection
Rotating Mass Media, Ltd., the parent of Dirt Rag, filed a petition for Chapter 7 bankruptcy on Thursday. Dirt Rag announced in late January that it was shutting down its magazine and website, as well as its Dirt Fest and Adventure Fest mountain bike festivals. Dirt Rag would have celebrated...
March 5, 2020
In debt for $32 million, Garneau files for creditor protection
Louis Garneau, the Quebecois sporting equipment manufacturer, is in $32-million worth of debt and has filed for creditor protection under the Bankruptcy and Insolvency Act. The company also announced the “temporary” layoffs of 66 employees at its offices in St-Augustin, Que. Read more on Triathlon Magazine.
March 4, 2020
Can short bouts of running lengthen lives?
A systematic review and meta-analysis in the British Journal of Sports Medicine of 14 observational studies has considered whether running — and what “dose” of running — affects the risk for death from any cause, and from cardiovascular health problems or cancer. The researchers looked at pooled data from just over 230,000 participants who were...
