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 11, 2022
Aventon eBike label reportedly gains Sequoia Capital backing
The electric bike brand Aventon has reportedly drawn the interest and investment of Sequoia Capital’s Chinese arm. For Aventon the investment reportedly takes the company’s valuation from $200 million eight months ago when China’s Gao Rong Capital invested to a post-investment valuation of $590 million, according to sources tapped by...
November 11, 2022
Fitness Chains Continue Pandemic Recovery In Q3
Planet Fitness, Xponential Fitness and Life Time Group Holdings all raised their full-year guidance and reported a strong uptick in revenues and membership growth in the third quarter, although membership activity has yet to return to pre-pandemic levels. Executives on analyst calls said they remain bullish on continued improvement in...
November 11, 2022
Spartan and World Obstacle Agree to Historic Partnership
Lausanne, Switzerland (November 11, 2022) /ENDURANCE SPORTSWIRE/ - Spartan and World Obstacle, the Fédération Internationale de Sports d’Obstacles (FISO), have signed a Memorandum of Understanding and established a cooperation framework to develop the sport of obstacle racing worldwide. The collaboration includes the sanctioning and hosting of elite-level races, cooperation on...
November 11, 2022
Tracy Campbell Joins Peak State Fit Coaching Staff
Salt Lake City, Utah. /ENDURANCE SPORTSWIRE/ – Tracy is a wife, mother of five children, triathlete, runner, cyclist, yogi, and fan of healthy living. She lives life wrapped in constant personal activity, challenging fitness endeavors, and cherished time with close friends and family. Tracy has been competing in triathlon for over...
November 10, 2022
Michelle Parker Joins Peak Ski Company Team
BOZEMAN, Montana, Nov. 10, 2022 /ENDURANCE SPORTSWIRE/ – Peak Ski Company announced today that venerated professional big mountain skier Michelle Parker has joined the company’s leadership team as Senior Director of Product Development & Innovation. Launched earlier this year by cofounders Bode Miller and Andy Wirth, Peak Ski Company introduced its 2022/23 lineup...
November 10, 2022
The Business of Fitness Podcast with Molly Hurford is Feisty Media’s new show bringing sport + business together for women
Victoria, BC— November 10, 2022 /ENDURANCE SPORTSWIRE/ - Feisty Media is releasing its 10th show, The Business of Fitness Podcast with Molly Hurford. The podcast explores all things athletic industry-related through the lens of the women who have been working in the endurance sport and fitness industries for years, and...
November 10, 2022
Fuelin Partners with online store The Feed to Help Athletes Find the Right Fuel for their Training and Tastebuds
San Francisco, CA /ENDURANCE SPORTSWIRE/ – Fuelin and The Feed today announced a partnership that makes it easy for Fuelin athletes to purchase fueling products directly from The Feed via the Fuelin nutrition coaching app. Athletes will also receive annual store credit to The Feed as well as a custom Fuelin x...
November 9, 2022
Life Time Lifts Guidance As Q3 Beats Plan
Life Time Group Holdings, Inc. slightly lifted its outlook for the year after reporting third-quarter results that topped its guidance. Sales were ahead 28.9 percent as fitness center memberships were up 9.0 percent year-over-year. Total revenue increased 28.9 percent to $496.4 million from $385.0 million; net income was $24.7 million...
November 9, 2022
Wolverine Stock Slides as Company Misses Revenue and Profit Targets in Q3
Total revenue in the third quarter of 2022 was $691.4 million, which represents growth of 8.6% versus the prior year. Net earnings were $38.8 million, down 0.8% from the same time last year. By brand, Merrell's revenue was $198.6 million in the quarter, up 33.6% compared to the same period...
November 9, 2022
Squaw Valley 1960 Olympic Winter Torch sells for $720,000
The Squaw Valley 1960 Winter Olympic Games Torch, which was once in the possession of Walt Disney, has fetched $720,000 (£621,000/€714,000) at auction to an unknown buyer. Disney, who was the chairman of the Games Pageantry Committee, gave the Torch to film producer, writer and director Tom Leetch for his...