News Topics
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August 19, 2022
Endurance sports make a life-changing update for nonbinary athletes
The origins of the movement by endurance race organizations to add a nonbinary category is uncertain, but for Life Time, it started with a conversation in early 2020, just before the pandemic hit. The event producer didn’t make an official announcement about the new race division but simply worked it...
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August 19, 2022
Mancini sentencing delayed to November
Cycling industry investor Samuel Mancini, who was originally scheduled to be sentenced Aug. 17 after pleading guilty to one count of securities fraud, will now be sentenced on Nov. 17. Mancini was the director of a Denver-based fund that planned to invest in several well-known Italian cycling brands. He was...
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August 18, 2022
Leadville was an unassuming, old mining town — until COVID brought the deep-pocketed tourists
The influx of newcomers to Leadville has infused the city and county with new tax dollars, but created a housing crisis and worker shortage. The Colorado Sun
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August 18, 2022
Nike And Adidas Settle Flyknit Infringement Lawsuit
Nike filed paperwork with the U.S. District Court in Portland, OR, to settle its patent infringement lawsuit against Adidas over the alleged use of Nike’s knitted footwear technology. Nike charged Adidas had stolen its “game-changing” Flyknit technology to craft one-piece knitted uppers for sneakers that use fewer materials and generate...
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August 18, 2022
PushPress Secures $11 Million in Series A Funding Led by Altos Ventures
PushPress, Inc., a trailblazing fitness studio management software company, announced it has successfully raised $11 million in Series A funding led by Altos Ventures, with participation from Mucker Capital. Founded in 2013, PushPress is on a mission to make gym management the easiest part of running a fitness business through...
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August 16, 2022
Focusing on diversity and inclusion, gravel bike racing welcomes all to this sport
Gravel racing, known to embrace all, regardless of race, gender, weight or age, is steadily becoming the most welcoming sport. npr
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August 16, 2022
SKion takes 20% stake in battery manufacturer BMZ
Investment company SKion GmbH has announced that it has taken a 20% stake in battery manufacturer and supplier to the bike industry BMZ. For SKion the investment is aligned to the investment targets related to renewable energy, plus circular economy. BMZ puts cells through a second life upon reclamation and has...
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August 14, 2022
Owners sells American Cycle & Fitness to Trek Bicycle
Co-owner Michael Reuter and Kenny Stonehouse are selling their eight-store retail chain, American Cycle & Fitness, to Trek Bicycle. The transition will be complete by mid-October and Trek reps are already present and planning for the future with the staff. Bicycle Retailer
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August 14, 2022
‘Ultramarathon man’ Dean Karnazes attacked by coyote during 150-mile race
Acclaimed ultrarunner and author Dean Karnazes can boast some of the wildest accomplishments in endurance sports, but a coyote attack mid-race was a first for him. Karnazes was running Headlands 150-mile Endurance Run, a race held in Sausalito, Cali. Canadian Running Magazine
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August 14, 2022
Xponential Fitness Generates $60M in Q2 Revenue
Xponential Fitness - the largest boutique fitness franchiser in the U.S. with 2,357 studios - generated $59.6 million in revenue in Q2 — a 66% increase year-over-year. Net income reached $31.5 million in Q2, compared to a net loss of $8 million. The company sold 251 franchise licenses and opened...
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