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.
March 8, 2022
Ashworth Awards to Open Second U.S. Manufacturing Facility
/ENDURANCE SPORTSWIRE/ - Ashworth Awards is in the process of constructing their second manufacturing facility for their fully made in USA domestic medallions and awards line. In February of 2020, Ashworth Awards launched its new line of MADE IN USA medals and awards and it quickly became apparent that an...
March 7, 2022
Fitness Chain Virgin Active Expands Amid $118M Capital Raise
London-based fitness chain Virgin Active is expanding from a gym company to a wholesale “combined fitness and nutrition” operation. To do so, the company has made two major moves: a capital raise and an acquisition. The capital raise totaling $118 million included retail billionaire Christo Wiese — who contributed $65.6...
March 7, 2022
Accell Group’s Revenues Climb 6.2 Percent In 2021
Accell Group reported EBIT grew 47 percent in 2021 on a 6.2 percent sales gain. Net sales of €1,377 million, up 6.2 percent despite ongoing component shortages. Growth was driven by higher sales of parts & accessories, mainly volume-driven, and higher bicycle sales due to improved pricing and mix offsetting...
March 7, 2022
Super League Triathlon Secures Live and Highlights Coverage Across Europe on Eurosport and discovery+ in 2022
SLT’s Arena Games Triathlon and Championship Series to air in 50 markets in Europe across Discovery’s network of channels and platforms Live and on-demand coverage of SLT events to reach more than 200 million viewers via broad television coverage and streaming via discovery+ and the Eurosport App /ENDURANCE SPORTSWIRE/ -...
March 4, 2022
ShowcasedRace Roster introduces mobile scanning solutions for quick and easy check-in
London, ON (Friday, March 4, 2022) - With Race Roster’s new mobile scanning solutions, event organizers can reimagine their check-in process. “We are always thinking of ways we can help organizers streamline their race day experiences, which includes eliminating long check-in line-ups!" Says Emily Lutz, Product Manager at Race Roster....
March 4, 2022
Kane Footwear collaborates with Brian Mazza to launch first athlete-designed shoe
Westport, CT (March 4, 2022) /ENDURANCE SPORTSWIRE/ - Kane Footwear is releasing their first collaborative design of the Revive recovery shoe with athlete and entrepreneur Brian Mazza. The shoe features earth tones and a printed message on the sole of the shoe that reflects Mazza's story and mission: Nothing Changes if Nothing...
March 3, 2022
iFIT Raises $355 Million, Settles Lawsuit, Lays Off Staff
iFIT Health & Fitness, Logan, Utah, raised $355 million in capital, settled a lawsuit with an investor, installed new leadership and laid off an undisclosed number of staff members, the company announced. Club Industry
March 3, 2022
BikeExchange Offers New Clients Free Membership To Professional Bicycle Mechanics Association
Asheville, North Carolina (March 3, 2022) /ENDURANCE SPORTSWIRE/ - Online bike marketplace BikeExchange (BEX) – fresh off their recent merger with Kitzuma Cycling Logistics, which allows clients to ship fully built, ready-to-ride bikes to their buyers – is again offering added value for its clients with a new initiative: All current and...
March 3, 2022
Peloton ex-CEO John Foley sells $50 million in stock to Michael Dell’s investment firm
Peloton co-founder and ex-CEO John Foley has sold about $50 million in stock to an investment firm backed by Michael Dell, MSD Partners, according to a securities filing. The sale involved about 1.92 million shares, the Wednesday filing said. Foley still owns enough after the sale to maintain effective voting...
March 3, 2022
ShowcasedDanny Woods joins global digital agency, in significant international growth push
/ENDURANCE SPORTSWIRE/ - Respected fitness industry professional Danny Woods has joined market leading global technology agency SweatWorks as Global Client Services Director, based out of the UK. Founded in 2012, SweatWorks is a software and hardware technology agency working exclusively with consumer and commercial fitness and wellness brands. Danny joins...