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.
October 16, 2024
You Can Own a Portion of Boyd Cycling with Crowdfunding Investment
Boyd Cycling has been building high-quality bicycle wheels since 2009. They’ve been designing their rims and hubs in-house since 2013. For the past 4 years, Boyd Cycling has been on-shoring its production into S. Carolina. Bike Rumor
October 15, 2024
Life Time Group Sees Q3 Net Income Surge in Preliminary Report
Life Time Group Holdings, Inc. is reporting preliminary estimated financial results for the fiscal third quarter ended September 30 in connection with its launch of a process to refinance its 5.750 percent Senior Secured Notes due 2026 and 8.000 percent Senior Notes due 2026. SGB Media
October 14, 2024
Optima Cycles Acquires Dolly Bikes
Optima Cycles, based in Amsterdam, Netherlands, specializing in designing, manufacturing and distributing e-bikes (Dutch ID) and e-cargo bikes (Lovens), acquired Dolly, the e-cargo bike brand based in Utrecht, Netherlands. The acquisition strengthens the company’s position in the e-cargo bike category. SGB
October 14, 2024
Sports tech market generates US$34.2 bn during first half of 2024
The first half of 2024 saw 589 financial deals take place involving sports technology, with the collective valuation of transactions amounting to US$34.2 billion, according to research from investment bank Drake Star Partners. Sports Pro Media
October 14, 2024
Look Cycle Group To Divest Bicycle Wheel Specialist Corima
Look Cycle Group has sold the high-end carbon bicycle wheel specialist Corima to a group led by Pierre-Jean Martin, its co-founder. SGB Media
October 10, 2024
Giant Group Returns to a Sales Decline in September Versus Easy Comps
The Giant Group saw its year-over-year sales picture return to a negative trend again in September after posting two consecutive months of growing shipments. The news was a bit unexpected as the company faced easier comparisons against an ugly fall shipping period last year. SGB Media
October 8, 2024
F45 Workouts Added to 100M+ Samsung TVs
F45 Training and Samsung Electronics have partnered to bring the Mark Wahlberg-approved and science-backed functional fitness franchise’s workouts to Samsung Daily+ users, giving them free access to a vast library of cardio, strength, hybrid and recovery offerings. Athletech News
October 2, 2024
Nike Says Its Running Category Is On the Mend. But Is It Enough to Challenge Hoka, On and Asics?
Nike leadership on Tuesday doubled down on renewed efforts to win in running, a crucial category that has eluded the brand for several years. But some analysts say it will take more to get the struggling athletic brand back on track. Nike is diving headfirst into its running “comeback,” which will be fueled by...
October 1, 2024
Life Time Group Nets $65M on Two Sale-Leaseback Transactions
Life Time Group Holdings, Inc. has closed on two sale-leaseback transactions for two properties for approximately $65 million in gross proceeds. Terms were similar to recent transactions. Additional details were not disclosed. These transactions bring the company’s total gross proceeds from sale-leasebacks to approximately $213 million year-to-date. SGB
September 30, 2024
Have information about motor doping in cycling? The UCI will now pay you
People with information about potential motor doping in cycling can now receive a financial reward from the UCI, after the world governing body stepped up its efforts in combatting the risk that it described as posing “a significant threat… to the integrity standards of the sport.” Cycling Weekly