BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
November 27, 2024
Race Directors Called Upon to Petition Against United States Forest Service Hiring Freeze
Many trail runners in the United States recreate on public lands, much of which is managed by the USFS. From clearing trails to fighting fires to keeping long-drop toilets at trailheads clean and stocked with toilet paper, the USFS plays a critical role in caring for the 193 million acres...
November 26, 2024
UCI concerned about carbon monoxide use among riders: “WADA must also take a position”
In a statement Tuesday afternoon, the UCI sent a message to cycling leaders. The International Cycling Union explicitly asks riders to stop inhaling carbon monoxide (CO). IDL Pro Cycling
November 21, 2024
Look Cycle acquires Pembree to strengthen gravity range
This acquisition allows Look Cycle to strengthen its footprint in Enduro and Downhill, broadening its gravity pedal offering and leveraging the industry-leading insights of Pembree’s founder, Phil Law, who will continue to lead the brand. BikeBiz
November 20, 2024
Lawsuit Says Lululemon’s Mishandled DEI Efforts, Botched Leggings Launch, Led to Dropping Share Price
A Lululemon shareholder is accusing the activewear giant of several management failures that contributed to a falling share price. Lululemon shareholder James Wong alleged that shortcomings in the retailer’s diversity, equity and inclusion programs, as well as concealed inventory issues that led to a botched launch for a new line of...
November 19, 2024
Oura Hits $5B+ Valuation, Partners with Dexcom
Medical device leader Dexcom has made a $75 million strategic investment in wearable ring maker Oura, pushing the wearable ring maker’s valuation to over $5 billion. The two companies have also partnered to integrate Dexcom’s glucose data with vital signs, sleep, stress, heart health, and activity metrics from the Oura Ring,...
November 18, 2024
The 50 Best Places to Work in 2024
Workers nowadays want four-day work weeks, unlimited paid time off, and flexible work locations. These are the companies that have gone above and beyond to keep their employees happy, while also encouraging them to pursue their outdoor passions. Outside
November 14, 2024
A Closer Look at Wolverine Worldwide’s New Boston Innovation Hub, PHOTOS
Wolverine Worldwide has opened the doors to its new Innovation Hub in Boston. The new 11,000-sq.-ft. facility is located at 90 Causeway Street and will accommodate employees from the company’s design and product teams. Footwear News
November 12, 2024
On Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2024
On reports an all-time record quarter for both net sales and profitability. Net sales increased by 32.3%, and by 33.2% on a constant currency basis, reaching CHF 635.8 million in Q3 2024. BusinessWire
November 12, 2024
Thule Group announces acquisition of Quad Lock
Thule Group has signed an agreement to acquire Quad Lock, a global market leader in performance phone mount solutions, giving cyclists, motorcyclists and other adventurers access to their mobile phones while being active. BikeBiz
November 11, 2024
New CEO Working to Build Ironman Into a Lifestyle Brand
About 10 months ago, the Ironman Group, which is owned by Advance, the privately held family-owned company behind Condé Nast and American City Business Journals, poached Equinox president DeRue to become its CEO. Since taking on the role, DeRue has immersed himself in the world of Ironman, even partaking in a...