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.
February 9, 2022
Daniel Benson appointed as new Editor-In-Chief of VeloNews
VeloNews, a leader in cycling news, race results and bike reviews, and owned by Outside Interactive, has confirmed the appointment of Daniel Benson as the media title’s new Editor-In-Chief. In his new role, Benson will be responsible for running the global editorial team, commissioning content, enhancing WorldTour coverage, and expanding...
February 9, 2022
Shimano’s Sales Climb 45 Percent In 2021
Shimano, Inc. reported sales in 2021 increased 44.6 percent from the previous year to ¥546,515 million. Operating income increased 79.3 percent to ¥148,287 million, ordinary income increased 87.3 percent to ¥152,562 million, and net income increased 82.7 percent to ¥115,937 million. SGB Media
February 9, 2022
Private equity biz acquires drivetrain maker enviolo
Electric bike drivetrain specialist enviolo has been acquired by mid-market private equity business Inflexion in a deal said to be worth $245 million. In the news late last month, enviolo has just moved in to new Amsterdam and Zwolle premises in preparation for the next stage of growth. Transmission products,...
February 9, 2022
Peloton CEO Barry McCarthy’s first all-hands meeting ends early as laid-off employees crash it
Peloton held a virtual all-hands meeting Wednesday that was meant to introduce its new CEO, Barry McCarthy. Instead, a conversation between McCarthy and former CEO John Foley ended early, according to three people familiar with the details of the meeting. CNBC

February 9, 2022
Velosock Returns to Challenge Family in Multi-Year Partnership
/ENDURANCE SPORTSWIRE/ - Challenge Family has today renewed its partnership with award-winning bike cover specialists, Velosock, to further add value to the Challenge Family athletes’ journeys as they prepare for their triathlon goals. Together, Velosock and Challenge Family will work on innovative bike covers specifically designed to ensure safer bike transportation...
February 8, 2022
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post
Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post Summary: Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board. Peloton plans to cut 2,800 jobs, or about 20% of corporate positions. CNBC
February 8, 2022
€270,000 Worth of Shimano Bike Parts Stolen in Dramatic Heist
A Czech bike manufacturer called Bike Fun International was expecting a shipment of Shimano components necessary to produce 10,000 bikes. That shipment never made it. On January 21, somewhere in Germany, the truck driver transporting the container packed with Shimano’s finest pulled into a rest stop. Like something out of...

February 8, 2022
Alchemy Bikes Creates Certified Service Center Network with Beeline Connect
Denver, Colorado (February 8, 2022) /ENDURANCE SPORTSWIRE/ - In an innovative effort to improve service options on their direct-to- rider bikes, while also advancing its commitment to bike shops, Alchemy Bikes is excited to announce it is expanding its relationship with Beeline Connect to establish a nationwide network of Certified Alchemy ...
February 8, 2022
CREDO Tri Forms a Partnership with Hyperspace Ventures
Fort-Lauderdale, FL February 8th, 2022 /ENDURANCE SPORTSWIRE/ - CREDO Tri, the revolutionary motivational triathlon app, announced today the company has inked an equity partnership with Hyperspace Ventures, a software development and venture capital firm specializing in sports tech. Launched in December 2021, CREDO Tri is the only provider of daily motivational...
February 8, 2022
Outside Interactive, Inc. Appoints Daniel Benson as New Editor-In-Chief of VeloNews
BOULDER, CO — February 8, 2022 /ENDURANCE SPORTSWIRE/ - VeloNews, a leader in competitive cycling news, race results, and bike reviews, and owned by Outside Interactive, Inc., today announced the appointment of Daniel Benson as the new Editor-In-Chief. As the previous Editor-In-Chief at CyclingNews, a major news site for racing...