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.
March 9, 2020
New Partnership: TriBike Transport and MS Amlin World Triathlon Bermuda 2020 and ITU World Triathlon Grand Final 2021
TriBike Transport (TBT) of Asheville, NC, and WTSBDA, producer of ITU World Triathlon Bermuda and ITU World Triathlon Grand Final, of Bermuda, are pleased to announce TBT is the Official Bike Transport and Bike Rental Partner for both races. This will be the first time triathletes will be able to...
March 6, 2020
NorCalUltras Announces Partnership with SynchroKnit™ Powered by Wigwam
Cool, CA – NorCalUltras is excited to announce its new partnership with SynchroKnit Powered by Wigwam. The brand will be sponsoring the Way too Cool 50K, American River 50 Mile Endurance Run and Rio Del Lago 100 Mile Endurance Run, which are three of the most premier ultra endurance events...
March 6, 2020
FasCat Coaching Announces Gravel Team for 2020
(Boulder, CO March 6th, 2020) - FasCat Coaching today announced a new ‘professional’ gravel team. All the riders are FasCat Coaches and all the Coaches are former professional-level road and mountain bike racers. Jake Rytlewski, Isaiah Newkirk, Jackson Long and Frank Overton will be traveling to six gravel events in...
March 5, 2020
The Brooks Sports against Brooks Brothers battle continues
Brooks Brothers Group Inc. is fighting back against Brooks Sports Inc. over the right to the “Brooks” moniker. In a filing in U.S. District Court in the Western District of Washington, Brooks Brothers Group denied Brooks Sports’ claims of trademark infringement — accusing the sporting goods brand of violating a 40-year-old trademark coexistence agreement....
March 5, 2020
Hyperice acquires NormaTec
Performance technology company Hyperice announced Thursday it has acquired NormaTec, the creator of the popular pneumatic compression systems. Terms of the deal were not immediately made available, but Hyperice CEO Jim Huether told CNBC with the acquisition, he expects the company’s gross revenue to “more than double within 18 months.”...
March 5, 2020
Dirt Rag’s parent files for Chapter 7 bankruptcy protection
Rotating Mass Media, Ltd., the parent of Dirt Rag, filed a petition for Chapter 7 bankruptcy on Thursday. Dirt Rag announced in late January that it was shutting down its magazine and website, as well as its Dirt Fest and Adventure Fest mountain bike festivals. Dirt Rag would have celebrated...
March 5, 2020
In debt for $32 million, Garneau files for creditor protection
Louis Garneau, the Quebecois sporting equipment manufacturer, is in $32-million worth of debt and has filed for creditor protection under the Bankruptcy and Insolvency Act. The company also announced the “temporary” layoffs of 66 employees at its offices in St-Augustin, Que. Read more on Triathlon Magazine.
March 5, 2020
BikeFlights.com Increases Support for Customers
PORTLAND, OR (March 5, 2020) - BikeFlights.com is pleased to announce improvements to its customer support, including longer hours and a brand new online Knowledge Base. Both will enable the leading bicycle shipping service to provide even better service to its customers. “Our latest enhancements are just two more ways...
March 4, 2020
Fox Factory’s Q4 sales climb 18.5 percent
Sales for the fourth quarter of fiscal 2019 were $185.9 million, an increase of 18.5 percent as compared to sales of $156.8 million in the fourth quarter of fiscal 2018. This increase in sales reflects a 24.2 percent increase in Powered Vehicles Group sales and an 11.3 percent increase in...
March 4, 2020
Professional Triathletes Organisation Advises Wanda Sports That the Value of IRONMAN Business May Be Adversely Affected by Failing to Engage in Discussions
LONDON, ENGLAND-- The Professional Triathletes Organisation today released the following letter sent to the Board of Directors of Wanda Sports Group Company Limited on 3rd March 2020 advising the Board that in its view the value of the Ironman® Business in any possible sale would be adversely affected by its failure...