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.
December 7, 2022
Anta Exploring Amer Sports IPO
Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg. Amer Sports, headquartered in Finland, is the parent of Salomon, Arc’teryx, Peak Performance, Atomic, Suunto,...
December 7, 2022
Kitzuma Cycling Logistics Continues Growth with Fulfillment/Warehousing
Asheville, North Carolina (December 7, 2022) /ENDURANCE SPORTSWIRE/ - Addressing what they see as the bike industry’s ongoing third party logistics (3PL) needs, Kitzuma Cycling Logistics is taking advantage of the return to relative normalcy in supply chains -- and the major resulting increase in inventories -- to focus on...
December 7, 2022
Cycling industry layoffs: Strava and Wahoo cut 15% of workforce
According to Bicycle Retailer and Industry News(link is external), Strava — the ride-tracking app which claims to have the world's largest sports community of more than 100 million users — has let go at least 40 employees, including product designers and product managers. One former employee told the cycling industry news website that 14 per...
December 6, 2022
Peloton Execs Sued for Alleged Insider Trading
A Peloton shareholder is suing some of Peloton’s former and current executives claiming they engaged in insider trading, according to a Nov. 18 filing made public on Nov. 28 and first reported by Bloomberg Law. Club Industry
December 6, 2022
Bioniq acquires home fitness mirror firm VAHA
Personalised nutrition firm Bioniq has acquired VAHA, which is billed as… ‘Europe’s leading interactive home fitness mirror and the first of its kind in the UK.’ The acquisition is seen as a continuation of Bioniq’s expansion plan and strengthens its health subscription offering in Europe and the Middle East. Endurance.biz
December 6, 2022
Vitus Bikes Launches US Operations and Direct-to-Consumer Sales
December 6, 2022 - Salt Lake City, UT /ENDURANCE SPORTSWIRE/ – Vitus, the nearly 100-year-old storied bicycling brand, today announced the opening of its United States operations and distribution center, headquartered in Salt Lake City, UT. US consumers can now purchase select models of Vitus’ mountain, road, gravel, youth, and e-bikes bikes through...
December 6, 2022
Enduro Bearings Teams with Alchemy Bikes on ‘Enduro Bearings Inside’ Program
Oakland, California /ENDURANCE SPORTSWIRE/ - Enduro Bearings is proud to announce the launch of its ‘Enduro Bearings Inside’ collaboration with Alchemy bikes. The program is more than just providing a bearing spec; the companies will work closely together to optimize frame and spinning component durability and performance. They’ll also blend...
December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
December 5, 2022
Sportswear manufacturer Cytech acquires Pasasport
The buyout brings together two manufacturers with a history of innovation in the production of performance cycle clothing, Cytech introducing at Eurobike this year the world’s first 3D printed chamois pad. More than 90 per cent of the company’s turnover is generated in foreign markets and its products are sold...
December 4, 2022
Heptathlete sues USA Track and Field
During a heatwave, American heptathlete Taliyah Brooks collapsed amid the 2021 U.S. Olympic trials. The athlete has taken legal action against USA Track and Field, the governing body for the sport. Heading into the trials, Brooks was a top contender in the heptathlon, a two-day, seven-event sport that involves three track...
