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.
September 16, 2022
DeFeet and Trek Factory Racing Share Success For DeFeet’s 30th Anniversary
Hildebran, NC/ENDURANCE SPORTSWIRE/ - DeFeet and Trek Factory Racing announced a multi-year partnership with two of their teams that began at the start of 2022. DeFeet is outfitting Trek Factory Racing Cyclocross and Mountain Bike Cross Country teams. Since 1992, DeFeet has worked with many of the world's top cyclists...
September 15, 2022
BikeExchange Taps New US Head, Head of US Sales; Shuffle Other Key Positions
Asheville, North Carolina (September 15, 2022)/ENDURANCE SPORTSWIRE/ – Continuing to exceed expectations in growth and expansion in North America (NA), BikeExchange/Kitzuma Cycling Logistics – now operating under the same umbrella after merging last December – has added/shuffled some key North American positions for BikeExchange, including naming Cameron Simpson to Head of North...
September 15, 2022
RunSignup Endurance Industry 2022 YTD Update
September 15, 2022, Moorestown, NJ /ENDURANCE SPORTSWIRE/ - RunSignup, the leading registration provider for U.S. endurance events, provides a September industry update. Recent data indicates the market is showing signs of improving. Previously, data on a per race basis revealed a decrease in the per event registrations and in repeat...
September 14, 2022
Hydrow Announces Settlement of Patent and Trade Dress Infringement Lawsuit Against iFIT
In February 2022, Hydrow filed a design patent and trade dress infringement action against iFIT and its NordicTrack RW700 and RW900 rowers. As a part of the settlement, iFIT agreed to redesign certain aspects of the rowers named in the lawsuit. The remaining terms of the settlement agreement are confidential....
September 14, 2022
Emerald Receives Final Proceeds Relating to Insurance Litigation Settlement
Emerald Holding, Inc. (NYSE: EEX) ("Emerald" or the "Company") today announced that it has received proceeds totaling $149.25 million related to its previously announced insurance litigation settlement for canceled events under the Company’s 2020 and 2021 event cancellation insurance policies. Of the $149.25 million, $148.54 million is expected to be...
September 14, 2022
BUFF® Releases Fall-Winter 2022-23 Collection
SANTA ROSA, California /ENDURANCE SPORTSWIRE/ - BUFF®, creator of versatile performance head and neckwear for all-season outdoor enthusiasts, announces the launch of its fall-winter 2022-23 collection. The brand celebrates 30 years of innovation, incorporating two new eco-friendly materials into its collection: PrimaLoft® Bio™ Fleece, a 100-percent recycled synthetic fiber made from...
September 13, 2022
Econic One Hires SIMBOL Communications as PR Agency of Record in US
Evergreen, Colorado (Sept 13, 2022) /ENDURANCE SPORTSWIRE/ - Building on their rapid growth across Europe in recent years, global smart e-bike brand Econic One has now launched in the US, and they’re bringing on SIMBOL Communications as its PR Agency of Record for the American market, to help build similar...
September 13, 2022
Athlete Training App Kollektiv Raises $1.5 Million in Pre-Seed Funding, Company Co-Founded by Olympic Triathlete Helle Frederiksen
Kollektiv, an athlete training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised about $1.5 million (11m Danish Krone) in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Sporttechie
September 13, 2022
Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup
Co-founder and former CEO John Foley resigned from his position as executive chairman of the board effective Monday. Fellow co-founder Hisao Kushi will leave his post as the company’s chief legal officer Oct. 3, while Kevin Cornils, chief commercial officer, who has been with the company since 2018, will leave...
September 13, 2022
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year. Thule noted that it communicated in its half-year report on July 21 that the general market in bike retail, at the time,...