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.
June 23, 2022
Bicycle insurance company Laka receives investment from Porsche Ventures
Laka has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG. This brings its Series A, led by Autotech Ventures and followed by Ponooc, a Dutch sustainable mobility investor with close ties to Pon, and ABN AMRO, to $13.5 million. bikebiz
June 23, 2022
Nike latest brand to leave Russia permanently
Nike has announced plans to leave Russia, becoming the latest Western brand to quit the country since the invasion of Ukraine in February. The US sportswear giant halted online orders and closed the stores it owned in the country in March. BBC
June 23, 2022
Another Mother Runner Celebrates Its 12th Year of Running Strong
Portland, OR – (June 2022) /ENDURANCE SPORTSWIRE/ - Another Mother Runner (AMR), founded by Dimity McDowell and Sarah Bowen Shea, is celebrating its 12th year of running strong with a virtual 12K over the course of this upcoming weekend, June 24 - 26. Designed to form-fit a woman’s schedule and...
June 23, 2022
Supersapiens Announces Board of Directors and Unanimous Election of Chairman
ATLANTA, 23 June 2022/ENDURANCE SPORTSWIRE/ –Supersapiens, powered by Abbott’s Libre Sense Glucose Sport Biosensor, announced the appointment of five members to its board of directors: Pam Alexander, Chris Belli, Carl Bilbo, Alain Brouhard, and Phil Southerland. The directors unanimously elected Brouhard as its Chairman of the Board. The US-based company recently...
June 22, 2022
INEOS and marathon runner Kipchoge to set up new cycling academy in Kenya
Cycling team INEOS Grenadiers have teamed up with marathon world-record holder Eliud Kipchoge to set up a cycling academy in Kenya as they look to tap into the renowned endurance of the local talent and create top level cyclists. Reuters
June 22, 2022
USA Cycling and Wolfpack Team Up to Launch an Introduction to Racing Clinic Series
COLORADO SPRINGS, Colo. /ENDURANCE SPORTSWIRE/ – USA Cycling is excited to announce the launch of Level Up Your Ride, an introduction to racing series. Level Up Your Ride offers nine different opportunities for women, trans, femme, and non-binary cyclists to learn all about bike racing. Following the American Criterium Cup series,...
June 22, 2022
ShowcasedAbbott World Marathon Majors appoints Dawna Stone as CEO
Stone will drive the expansion of the Abbott World Marathon Majors Her vast experience in developing engaging, relevant content will enhance the brand’s ability to inspire more people through marathons. /ENDURANCE SPORTSWIRE/ – Dawna Stone has been appointed as the Chief Executive Officer of the Abbott World Marathon Majors (AbbottWMM). Based...
June 21, 2022
2020 Summer Olympics Cost Tokyo $10.5B
The cost of the 2020 Tokyo Olympics has fluctuated since the city was named the Games’ host, but on Tuesday, the organizing committee released its final number: $10.5 billion, or 1.42 trillion Japanese yen. FOS
June 21, 2022
Clif Bar bought in $2.9 Billion deal with Mondelēz
Global snack food company Mondelēz has revealed plans to buy Clif Bar for an astonishing $2.9 billion. Trading since 1992, Clif Bar has become a global nutrition business generating in excess of $800 million in sales, some of which are routed through the cycling market via distributors. Cycling Industry
June 21, 2022
MTB Giveaways is acquired by Endurance Zone, owners of Win Your Dream Bike
/ENDURANCE SPORTSWIRE/ – Endurance Zone have acquired MTB Giveaways to bolster their Win Your Dream Bike brand. After the purchase of Rafflebike in January, this is their second acquisition in 6 months in the bike prize competition space. MTB Giveaways, founded in 2020, is a UK bike prize competition specialising in...
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