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 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
August 11, 2021
UltrAspire Reports 54% Growth in the First Half of 2021
UltrAspire, a leader in hydration and waist lighting has rooted its foundation in the athletes in which they serve. Standing firm in the core value, Inspired by Athletes, UltrAspire works directly with them to introduce new concepts and innovations that are viable, practical, and functional. This process of transparency and...
August 10, 2021
NBC’s Lowest Olympic Ratings Ever
The network saw its lowest ratings ever for the Summer Games since acquiring broadcasting rights in 1988, bringing in an average of 15.5 million prime-time viewers — a 42% decrease from the 26.7 million viewers during the 2016 Rio Games, and an even bigger fall from the 31.1 million who watched the...
August 10, 2021
Aqualung Group Appoints Kendall Brandau as Director of Go-To-Market, North America
VISTA, Calif. (August 10, 2021) – Aqualung, the leading global designer and manufacturer of dive and water sports gear, today announced it has appointed Kendall Brandau as Director of Go-To-Market, North America. Brandau will play a key role in helping to coordinate the planning, development and execution of go-to-market activities...
August 10, 2021
Pho3nix Launches Futures Program
The Pho3nix Foundation today has launched Pho3nix Future, a mentoring and educational program supporting the sports careers and long-term development of young athletes. The main goal of Pho3nix Future is to equip young athletes with the skills, knowledge, and personal development needed to flourish in a professional sports career and...
August 10, 2021
Marathon-Photos now LIVE in UK
August 10, 2021. World-leading endurance photography company Marathon-Photos.com has forged ahead with LIVE photography since introducing its new service and website in April. This weekend, MarathonPhotos.Live officially launched in the UK. Athletes in London Triathlon – and their supporters – could see their photos online within seconds of passing a camera...
August 9, 2021
Planet Fitness Sees Q2 Sales Climb 241 Percent
Total revenue increased from the prior-year period by 241.1 percent to $137.3 million. The fitness chain also said it added 700,000 net new members since the end of its first quarter, marking six consecutive months of net membership growth. SGBMedia
August 9, 2021
Brooks Running Revenue Grew 75% in Q2 as It Continues to Steal Share in Women’s From Nike and Adidas
The running shoe brand, which is a subsidiary of Berkshire Hathaway Inc., reported that its global revenue rose 75% in Q2 of 2021 compared to 2020. Overall, revenues for Berkshire Hathaway’s consumer units, which include its apparel and footwear operations such as Brooks, increased about $1.5 billion, or 68%, in Q2. FN
August 6, 2021
Dorel Sports’ Q2 Revenues Climb 11 Percent
Dorel Industries reported its Dorel Sports brands, which include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse, posted its ninth consecutive quarter of revenue growth. Revenue in the segment was US$317.3 million, an increase of US$31.7 million, or 11.1% from last year. Six-month revenue increased to US$587.7 million, up US$113.8 million,...