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.
January 24, 2022
Consortium announces agreement to buy Accell Group
A private consortium headed by Kohlberg Kravis Roberts & Co. reached a conditional agreement to buy the Accell Group N.V. and take it off the stock market. The group, which includes Teslin Alpine Acquisition B.V., reached agreement on an all-cash offering for its shares for 1.56 billion euros ($1.76 billion)....
January 24, 2022
Professional Cyclist Stephen Hyde Announces Retirement
EASTHAMPTON, Mass. /ENDURANCE SPORTSWIRE/ - Steve Tilford Foundation Racing and USA Cycling athlete, Stephen Hyde, has announced his retirement on Monday, January 24th. Hyde began racing cyclocross in 2012, winning three U.S. National Titles and two Pan-American Continental Championships during his professional cycling career. “I have given a lot to...
January 24, 2022
Ellsworth Cycling, LLC completes landmark agreement to bring namesake founder, Tony Ellsworth, back to the company
San Diego, CA – January 24, 2022 /ENDURANCE SPORTSWIRE/ - Ellsworth Cycling, LLC (dba “Ellsworth Bikes”) a premium manufacturer of legendary mountain bikes for over 30 years, announced today that it has successfully completed a partnership agreement with Tony Ellsworth, bringing the Founder back as equal partner in the new company....
January 23, 2022
Moosejaw to Carry Hustle Bike Labs’ REMTech Avery Pedals, Future Products
Gunnison Colorado (January 23, 2022) /ENDURANCE SPORTSWIRE/ - Hustle Bike Labs – which has received considerable accolades for its Hustle Avery Pedal, a magnetic clipless-platform-hybrid design, since long before production even began – has signed with Moosejaw.com to carry these pedals and potential future products from the highly innovative startup. The...
January 20, 2022
Peloton Can’t Catch A Break
Peloton continues to struggle following a tumultuous year and revelations of potential layoffs, halted production, and a stock sale by insiders. The company reported a net loss of $372 million in fiscal Q1 2022, a steep increase from the $49.8 million loss in the same period a year prior. Prior to the...
January 20, 2022
ShowcasedEVENT INSIGHTS: Leveraging Non-Fungible Tokens (NFTs) for Events
One of the most-talked-about technology trends in 2021 was NFTs, or “non-fungible tokens.” It’s becoming increasingly clear that NFTs are not just a fad and will quickly infiltrate most industries sooner or later, including event management. These tokens are part of the “metaverse,” which is a digital universe that encompasses many...
January 20, 2022
Cardinal Cycling Group Acquires Detroit Bikes
Cardinal Cycling Group has acquired the assets of Detroit Bikes, including the brand, inventory and production facility. Zak Pashak, Detroit Bikes founder, will remain a partner in the new company and continue factory management and business development. SGB Media
January 20, 2022
Orbea announces price increases, outlines factors behind changes
In a press release which tackles head on the thorny subject of price increases, Orbea today announced that the brand has been forced to change its prices for this year. Spelling out, in detail, the factors behind the change in pricing, Orbea lists a collection of forces which are now...
January 20, 2022
Heath Pearce Named President of For Soccer Ventures
NEW YORK AND LOS ANGELES January 20, 2022 /ENDURANCE SPORTSWIRE/ - For Soccer Ventures (FSV), the largest independent soccer media and experiences company in the United States, announced that former United States Men’s National Team Player and three-time Major League Soccer All-Star Heath Pearce has been named as President of...
January 20, 2022
Challenge Family Enters the World of Virtual Sports with ROUVY
20 January 2022 /ENDURANCE SPORTSWIRE/ - ROUVY will combine animated 3D avatars, both cycling and running, with real-life video footage of Challenge Family destinations to create a new level of interactive home training. The new partnership aims to continue development of a strong online community through virtual group rides, race-specific...
