Latest Pro Cycling News
May 12, 2022
Zwift to ‘pause’ launch of smart bike alongside staff lay-offs
Zwift has announced a round of staff layoffs as well as the “pausing” of its smart bike hardware plans, that were announced just a few months ago. While the numbers of employees affected haven’t been released, the current economic climate is stated as the primary reason behind the online training...
May 11, 2022
Giro d’Italia video: Spectator takes down Sam Oomen in crash after stage 5
A spectator at the side of the road appeared to accidentally take down Sam Oomen (Jumbo-Visma) in a crash at the conclusion of stage 5 at the Giro d’Italia when a spectator reached out to take the rider’s bidon. The Dutch rider hit the deck after the tangle with the...
May 10, 2022
Mt. Hood Skibowl bans summer mountain biking after paying $10.5M in crash that paralyzed Oregon man
Mt. Hood Skibowl will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed into a signpost in the recreational area and was paralyzed from the waist down. Oregon Live
May 6, 2022
Fox Factory adds 34.4% revenue in Q1, raw materials stocked up
Fox Factory has continued to add significant gains to its revenues, posting a Q1 growth of 34.4%, worth $378 million, versus $281.1 million in the same period last year. The results again represent record takings for the suspension giant, which recorded a 22.8% gross profit of $120.3 million despite a...
May 5, 2022
100% compostable water bottles at the Giro d’Italia for Cannondale teams
For the 2022 Giro d’Italia the Cannondale Professional World Tour teams will be using a 100% compostable water bottles. Made from plant-derived materials, the bite valve, cap and bottle body are completely compostable, free from plasticizers, heavy metals and BPAs making it both human-friendly and eco-friendly. Cycling Industry
May 5, 2022
Peloton Reportedly Eyes Sale of Minority Stake to Bolster Finances: WSJ
Peloton is falling in afterhours trading Thursday as the connected fitness equipment maker is reportedly exploring the sale of a 15% to 20% stake to boost its finances, The Wall Street Journal reported, citing unnamed sources. Investing
May 4, 2022
CycleBar Opens 250th Studio, Rides Past 500 Signed Agreements
CycleBar, the world’s largest indoor cycling brand, announced today it has opened its 250th studio and secured more than 500 franchise agreements, vastly increasing its reach amidst a global pandemic. Since being acquired by Xponential Fitness in 2017, CycleBar’s trajectory has been tremendous, further heightened by the boom in the...
May 3, 2022
BMC, Red Bull, Fabian Cancellara team up on ‘world’s fastest race bike’ project
BMC and Red Bull unveiled a prototype time trial/triathlon bike that will be raced at the Ironman world championships this weekend. This is the first public iteration of the two brands’ project to “develop the world’s fastest race bike.” Four-time world time trial champion Fabian Cancellara was also involved. VeloNews
May 2, 2022
Former Tour de France winner Stephen Roche guilty of fraud
Roche has been ordered to repay $1.1 million after a Spanish court proved that he negligently bankrupted his Majorca firm, using its assets to pay for his own extravagant lifestyle. The civil court ruling determined that Roche used funds from his cycling tour company to pay for his own bills, as...
April 27, 2022
Garmin sees ‘normalization’ of cycling product sales
Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products. Consolidated revenue was $1.17 billion, a 9% increase year-over-year. Three other segments posted double-digit growth led by the outdoor segment ($385 million), which grew 50% year-over-year, and was boosted...