May 4, 2021

ClassPass, Fitness Tech Firm MindBody Eye Merger, IPO

ClassPass and Mindbody, which provide technology to fitness companies worldwide, have been discussing a merger, Bloomberg reported, citing unnamed sources. ClassPass, works as a subscription-based business, allowing users to book workouts at fitness studios and other locations. In January 2020, ClassPass said its valuation was above $1 billion since it had gotten $285...

May 4, 2021

Under Armour Rallies in Q1

The company’s Q1 2021 earnings show a major bounce back from this time last year. Sales rose 35% year-over-year, bringing revenue to $1.26 billion. Online sales led the charge with 69% growth, and the company had an overall profit of $77.8 million. Front Office Sports

May 4, 2021

Zoomo raises $12 million to bolster ‘e-bikes for businesses’ model

The newest round of funding follows an $11 million Series A raise announced in August 2020, led by the CEFC. Cumulatively, Zoomo has raised $26 million in the past 24 months. Zoomo will use the funds to invest in the development and production of the brand’s next-generation vehicle offerings as well...

May 3, 2021

Fast growing running shoe company ON Running targets autumn IPO: sources

Shoe firm ON Running, backed by Swiss tennis star Roger Federer, is preparing for a U.S. stock market listing as early as this autumn in a deal valuing the firm at about $5 billion, people close to the matter said. Reuters

May 1, 2021

IRONMAN St. George: IRONMAN confirms death of participant during triathlon

A participant died during the first part of the IRONMAN St. George 70.3 course Saturday, just over an hour after the race had officially concluded. The assistant personnel overseeing the 1.3-mile swim course noticed the participant, whose name, age, gender of the athlete and other information were not disclosed, was...

April 30, 2021

Emerald Holding Sees Steep Q1 Revenue Drop

Emerald Holding Inc. reported revenues tumbled 87% as results continue to be negatively impacted by event cancellations due to the pandemic. Emerald is actively pursuing collection of the remaining unpaid amounts of filed insurance claims for its canceled and impacted 2020 events. To date, Emerald has submitted $167 million in...

April 30, 2021

British Cycling launch new research project into off-road e-Bikes

British Cycling has announced that it will be working with other cycling organisations and land managers to support a new, long-term research project into the use of off-road e-Bikes, including electric mountain bikes. The project is set to be undertaken by Edinburgh Napier University. The research will focus on current...

April 30, 2021

Peloton, Strava and TrainerRoad collect and share the most personal data, finds new cycling app study

Peloton, Strava and TrainerRoad have been found to be the most 'personal data-hungry' cycling apps, according a recent study by Supplement Timing. The study looked at over 100 of the most popular fitness and health apps available on the app store, releasing its findings to rank them according to which...

April 30, 2021

ESW May 14, 2021 Weekly News Report

AWARDS USA Triathlon, Elk Grove Village Present 4 Star Endurance With Entrepreneur/Business Plan of the Year Award ESW USA Triathlon Announces Winners of 2020 Multisport Awards Presented by Wahoo Fitness ESW BUSINESS USA Cycling releases details of Inclusion Conference ESW TSG Consumer Partners to Sell Stake in Nuun to Nestlé Health Science Businesswire Credit Union Cherry Blossom...

April 29, 2021

The Startup that Makes Fitness a Video Game

The gaming craze and at-home fitness come together in Ergatta’s rowing machine. The connected rowing company gamifies workouts, with its machine effectively acting as a controller, allowing people to race and compete on a screen as they work out. Front Office Sports