News Topics
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March 9, 2022
SRAM acquires cycling clothing brand Velocio?
It appears the silly season of mergers and acquisitions is continuing with another announcement involving SRAM. Just over a month ago, SRAM announced that it had acquired the cycling computer brand Hammerhead. Now, we’ve received word through Velocio that they’ve just sold to SRAM as well. Bike Rumor
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March 8, 2022
Dick’s SG’s Again Tops Expectations In Q4
Dick’s Sporting Goods reported earnings on an adjusted basis grew 50 percent in the fourth quarter ended January 29 on a 5.9 percent same-store sales gain. Both earnings and sales topped Wall Street’s guidance, with the period marking Dick’s largest sales quarter. Earnings are expected to decline in the current...
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March 7, 2022
Fitness Chain Virgin Active Expands Amid $118M Capital Raise
London-based fitness chain Virgin Active is expanding from a gym company to a wholesale “combined fitness and nutrition” operation. To do so, the company has made two major moves: a capital raise and an acquisition. The capital raise totaling $118 million included retail billionaire Christo Wiese — who contributed $65.6...
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March 7, 2022
Accell Group’s Revenues Climb 6.2 Percent In 2021
Accell Group reported EBIT grew 47 percent in 2021 on a 6.2 percent sales gain. Net sales of €1,377 million, up 6.2 percent despite ongoing component shortages. Growth was driven by higher sales of parts & accessories, mainly volume-driven, and higher bicycle sales due to improved pricing and mix offsetting...
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March 6, 2022
Two Kenyan marathoners suspended for doping
The two prominent Kenyan marathoners have been suspended from competition. The Athletics Integrity Unit (AIU) has banned Paul Lonyangata for 19 months for use of the drug Furosemide, and Edward Kiprop Kibet has been banned for three years for nandrolone. Running Magazine
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March 5, 2022
Netflix Tour de France series struggling to convince biggest teams to join
The Netflix Tour de France ‘Drive to Survive’ documentary series is struggling to secure the participation of several leading teams due to concerns about editorial control, privacy, and polemics during the sport’s biggest race of the season, as well as fees paid to the teams. Only five of the biggest eight teams are...
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March 5, 2022
Doing 30 to 60 minutes of one exercise weekly could help you live longer, study says
Strengthening exercises most benefit your muscular and skeletal health, but they could have two other big perks: helping you prevent disease and live longer, according to new research published in the British Journal of Sports Medicine. CNN
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March 4, 2022
Zwift plugs cheating hole allowing in-game height and weight adjustment
Zwift made an announcement regarding the updates to the companion app in a forum on its website. The updates, which Zwift terms “security changes,” are meant to address an exploit that permitted a Zwifter to change their avatar’s in-game height and weight in order to gain an unfair advantage. VeloNews
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March 4, 2022
Supreme Court reimposes death sentence for Boston Marathon bomber
The Supreme Court on Friday reimposed the death sentence for Boston Marathon bomber Dzhokhar Tsarnaev, reversing a federal appeals court ruling that had voided it. By a vote of 6-3, the court rejected defense claims that the judge at Tsarnaev’s 2015 trial improperly restricted the questioning of prospective jurors and was wrong...
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March 3, 2022
iFIT Raises $355 Million, Settles Lawsuit, Lays Off Staff
iFIT Health & Fitness, Logan, Utah, raised $355 million in capital, settled a lawsuit with an investor, installed new leadership and laid off an undisclosed number of staff members, the company announced. Club Industry
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