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.
January 27, 2023
Classified Cycling x Parcours Wheels Announce Partnership
/ENDURANCE SPORTSWIRE/ – British wheel brand Parcours and Belgian technology company Classified cycling announce a long term technical partnership, bringing class leading aerodynamics together with Powershift technology. Parcours wheels are now available with Classified Powershift technology for the full road and gravel range with more exciting announcements and partnership developments planned...
January 26, 2023
Running Specialty Sees Solid Gains In 2022
In a letter to the running specialty industry in its recent newsletter to members, Running Industry Association (RIA) Executive Directory Terry Schalow shed light on trends in the channel and prospects for 2023. The message included data from UQ, the association’s data partner, which analyzes weekly data from reporting retailers....
January 26, 2023
Giant reportedly looking at US$20 million investment in Stages Cycling
According to media reports in Taiwan, leading global bike manufacturer Giant Group is looking to invest US$20 million in the power meter and indoor cycling brand Stages Cycling. Giant reportedly held an interim board meeting last week – with a strategic investment in Stages expected to be made via Giant’s...
January 26, 2023
Wolff E-Bikes Adds SIMBOL Communications to Pack as PR Agency of Record
Quebec, Canada (January 26, 2023) /ENDURANCE SPORTSWIRE/ – Building on strong early success, Canada-based Wolff E-Bikes – makers of a wide range of high-value commuter/hybrid e-bikes – is redoubling its efforts to build consumer and retailer base in the US and Canada; to help this effort, they’ve hired the longtime cycling/active lifestyle...
January 25, 2023
Adidas, MSG Sports Among Backers of Sapphire Sport’s Venture Fund
Some of the largest companies in sports have invested in a new venture capital fund. Sapphire Sport has raised $181 million from a group of investors that include Sinclair Broadcast Group, Adidas, Madison Square Garden Sports, Arctos Sports Partners, City Football Group, and AEG Worldwide. The fund will focus on investments in sports, media,...
January 24, 2023
Strava will add high-res 3D maps for outdoor activities
Strava routes are about to get three-dimensional. The popular fitness social network announced today that it’s acquired Fatmap, a mobile app known for its 3D maps for outdoor sports like hiking, trail running, skiing, and mountain biking. The Verge
January 24, 2023
Heidi Muller Leads a Buy Out of the Adventure Racing World Series
23/01/2023 /ENDURANCE SPORTSWIRE/ - The Adventure Racing World Series is under new ownership after the company was purchased from Geocentric Outdoors (Australia) by a consortium of investors lead by current CEO, Heidi Muller. Muller has been CEO for the past year, and in full operational charge of the global adventure...
January 20, 2023
The Fallout from the Pandemic Bike Boom
A month after lockdowns had them wondering about their future in the spring of 2020, they suddenly couldn’t keep up with demand. For a year and a half, staff worked overtime as Americans rolled out their dusty steads or bought new ones. A 50 percent increase in riding, plus supply...
January 20, 2023
The Pro’s Closet has another round of layoffs
The company that began in 2002 as an eBay store for pre-owned bikes and quickly expanded in size and workforce did not say how many employees were affected. In October, The Pro's Closet reduced its workforce by 15%. Bicycle Retailer
January 20, 2023
Team MPI Expands Coaching Staff
Boise, ID (January 2023) /ENDURANCE SPORTSWIRE/ – Team MPI is proud to add Sydney Buckley to its coaching staff. Based in Cheyanne, WY, Coach Sydney brings more than 20 years of swimming expertise to Team MPI. As a swimmer, Sydney was a Colorado State Champion, a Colorado state record holder, and...
