News Topics
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June 30, 2021
Hoka One One Taps Industry Veteran Matt Rask to Take Its Footwear Design to the Next Level
Prior to Hoka One One, the 20-year industry vet held senior design positions at athletic behemoths Nike and Under Armour, and launched his own industrial design service company, Jackalope Studios, where he worked with outdoor leaders including Patagonia and Keen. Footwear News
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June 30, 2021
Spectator who caused Tour de France crash arrested
The spectator who caused a massive pile-up during the first stage of the Tour de France has been arrested after presenting herself at a police station. The spectator, a 30-year-old French woman, is in custody at a police station in Landerneau, Brittany, the northwest French region where the Tour de France...
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June 30, 2021
Adidas Launches Share Buyback Program
Adidas said its Executive Board has decided to launch a share buyback program in the second half of 2021 amid confidence the company’s latest strategy, ‘Own the Game,’ would generate “substantial” cumulative free cash flow over the next five years. SGBMedia
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June 29, 2021
He Felt Like Running: 100 Days, 100 Ironman-Length Triathlons
James Lawrence completed 100 Ironman-distance races in 100 days. He brought a whole community — and a nonprofit that has come under scrutiny — along with him. NYT
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June 29, 2021
A New Study Suggests Employee Wellness Programs Are Pretty Much Useless
Employee wellness programs neither make workers healthier nor save companies money, says new research out of Harvard and the University of Chicago. Inc.
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June 29, 2021
UCI president blames Tour de France crashes ‘above all’ on riders and tension in peloton
UCI president David Lappartient has denied that the design of the course on stage 3 of the Tour de France had anything to do with the numerous crashes that shook up the peloton and left a large number of riders injured. Cycling News
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June 29, 2021
Gympass Emerges Stronger Out Of The Pandemic, Doubles Valuation To $2.2B
The company announced Tuesday that it has closed on a $220 million round, at more than double its last valuation of $1 billion in June 2019. The corporate wellness platform is now valued at $2.2 billion with SoftBank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group investing in this funding round. TechCrunch
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June 28, 2021
Amazon’s Growing Fitness Ambitions
Amazon is looking for a Head of Fitness Programming to join its Halo team — the group leading the company’s new wave of fitness services. Halo, a fitness band and subscription service, made its debut last August. The device helps users assess their overall health and movement; the subscription offers hundreds of exercise, sleep,...
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June 28, 2021
Fitness companies back in business with IPOs
The last week has seen a number of companies in the fitness industry making comebacks with public offerings or announcing intent to do so: Pure Barre parent Xponential Fitness seeks IPO likely valuing firm at some $1.3B Seeking Alpha Beachbody went public via a three-way business combination with Peloton competitor...
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June 27, 2021
Tokyo 2020 eye tighter rules on arrivals after Ugandan COVID-19 positives
A nine-member group from Uganda arrived on June 18, with a team coach testing positive on arrival at Narita International Airport, despite reportedly being fully vaccinated with the AstraZeneca vaccine and testing negative before he landed. The individual was later found to have tested positive for the Delta variant of COVID-19,...
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