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.
June 30, 2021
Hoka One One Taps Industry Veteran Matt Rask to Take Its Footwear Design to the Next Level
Prior to Hoka One One, the 20-year industry vet held senior design positions at athletic behemoths Nike and Under Armour, and launched his own industrial design service company, Jackalope Studios, where he worked with outdoor leaders including Patagonia and Keen. Footwear News
June 30, 2021
Adidas Launches Share Buyback Program
Adidas said its Executive Board has decided to launch a share buyback program in the second half of 2021 amid confidence the company’s latest strategy, ‘Own the Game,’ would generate “substantial” cumulative free cash flow over the next five years. SGBMedia
June 30, 2021
Big Sur Marathon Foundation Taps Blistering Pace Race Management as Organization Reboots
CARMEL, CA. – As the running industry eagerly returns to in-person racing, the Big Sur Marathon Foundation (BSMF) is excited to announce their expanded partnership with Napa-based Blistering Pace Race Management (BPRM). On October 1, 2020, the Big Sur Marathon Foundation suspended most business operations in order to preserve resources...
June 30, 2021
Twin Cities In Motion partners with MarathonFoto to capture athletes’ images at Medtronic Twin Cities Marathon Weekend as their official race photography provider.
Twin Cities In Motion is ready to move forward with Medtronic Twin Cities Marathon Weekend this fall and when they do, they will partner with MarathonFoto as their official race photographer. MarathonFoto will provide participants in Medtronic Twin Cities Marathon Weekend, which takes place October 2nd and 3rd, with a selection...
June 29, 2021
Gympass Emerges Stronger Out Of The Pandemic, Doubles Valuation To $2.2B
The company announced Tuesday that it has closed on a $220 million round, at more than double its last valuation of $1 billion in June 2019. The corporate wellness platform is now valued at $2.2 billion with SoftBank, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group investing in this funding round. TechCrunch
June 28, 2021
Amazon’s Growing Fitness Ambitions
Amazon is looking for a Head of Fitness Programming to join its Halo team — the group leading the company’s new wave of fitness services. Halo, a fitness band and subscription service, made its debut last August. The device helps users assess their overall health and movement; the subscription offers hundreds of exercise, sleep,...
June 28, 2021
Fitness companies back in business with IPOs
The last week has seen a number of companies in the fitness industry making comebacks with public offerings or announcing intent to do so: Pure Barre parent Xponential Fitness seeks IPO likely valuing firm at some $1.3B Seeking Alpha Beachbody went public via a three-way business combination with Peloton competitor...
June 27, 2021
Women Only Triathlons Return to Charleston, SC
Mt. Pleasant, SC. Approximately 100 women crossed the finish line of the inaugural Crews Subaru She Tris Sprint Triathlon Hobcaw on May 23rd. Ranging in age from 11 to 78, the women swam 200 yards, biked 12 miles, and ran 2 miles in and around the picturesque Hobcaw neighborhood. “It...
June 25, 2021
KINeSYS Sunscreen Sponsors The Achilles 650-mile Resilience Relay
June 2021 - Vancouver, Canada. KINeSYS Performance Sunscreen is proud to be providing sunscreen to the 200+ athletes and crew for The Achilles Resilience Relay. Achilles International is a global organization operating in 25 countries including the US, which transforms the lives of people with disabilities through athletic programs and social...
June 24, 2021
NIKE Reports Huge Revenue Gains in Latest Financial Results
Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to $44.5 billion. Businesswire