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.
August 16, 2021
Retailer R&A Cycles institutes $150 shipping and handling charge on bikes
R&A Cycles, which operates brick-and-mortar stores in Brooklyn and Walnut Creek, California, as well as a well-known e-commerce business, has introduced a $150 charge on bikes sold at its stores, to cover shipping, handling, and assembly. Bicycle Retailer
August 16, 2021
Pale Fire Capital invests $6 million in ROUVY, the popular augmented reality app for indoor training
Prague, Czech Republic / August 17th, 2021 – The Pale Fire Capital investment group acquires a major stake in VirtualTraining, a Czech company behind the ROUVY indoor cycling and running software application. Thus, Pale Fire Capital is positioned to become the majority shareholder in ROUVY and close the deal by...
August 16, 2021
Coaching and Support Staff Named For 2020 U.S. Paralympic Triathlon Team
COLORADO SPRINGS, Colo. — Longtime multisport coaches Derick Williamson and Mark Sortino, bike mechanic James Balentine and physical therapist Shefali Christopher will serve in key staff roles for the U.S. Paralympic Triathlon Team at this month’s Paralympic Games Tokyo 2020. The four individuals met the criteria outlined in the selection documents...
August 16, 2021
Velocity Indoor Cycling App Acquires PerfPro and Adds Drew Hartman to Team
Highland Park, Illinois, August 16, 2021 - Vision Quest Velocity LLC, a performance-driven cycling app, has acquired PerfPro Software Suite and added Drew Hartman, founder of PerfPro and Hartware Technologies, to the Velocity team. PerfoPro Software Suite, which includes PerfPro Studio and PerfPro Analyzer, is one of the most established...
August 14, 2021
OutsidePR Welcomes New Clients and Two New Hires
SAUSALITO, Calif. – OutsidePR, a leading consumer public relations agency with a boutique focus on the outdoor lifestyle, today announced the arrival of three new clients and two new hires. The agency is proud to be added to the roster of PR agencies working with one of the fastest-growing beer...
August 13, 2021
Asics North America Sales Surge In Second Quarter
Asics’ performance run category grew by 51.8 percent in the United States year-over-year for the region buoyed by the success of the Gel-Kayano and Gel-Nimbus. SGBMedia
August 13, 2021
Kane Footwear and Equinox Partner to Promote Athlete Recovery
Westport, CT (August 13, 2021) — Kane Footwear, an emerging leader in sustainable, active recovery footwear, is excited to announce a new partnership with luxury lifestyle leader Equinox. The venture will expand Kane’s reach to offer the Revive recovery slip-on in The Shop at Equinox, accessible online and at select...
August 13, 2021
Council for Responsible Sport to assist leading sports organizations in their quest for a more sustainable future – Will offer formal certification to recognize positive actions and more responsible approaches to the business of sport
Portland, OR August 13, 2021 –– After thirteen years of certifying hundreds of individual sporting events around the world, the Council for Responsible Sport (Council) now announces the release of the Responsible Sport Standard for Organizations, enabling the voluntary pursuit by multi-event sport organizations to assess their activities against exacting...
August 12, 2021
Authentic Brands to Acquire Reebok for $2.5B
ABG reportedly made an offer in May to acquire Reebok for $1 billion but withdrew its bid two months later due to adidas’ demands that ABG operate the brand as a standalone business. Now, ABG will pay more than double its initial bid for the footwear and clothing company. FOS
August 11, 2021
New Balance sues Michael Kors over letter ‘N’ shoe design
Running shoe maker New Balance Athletics sued luxury brand Michael Kors in Boston federal court on Wednesday, alleging two pairs of its shoes use a letter "N" in their designs that infringes New Balance's trademarks. Reuters