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 18, 2020
ElliptiGO Announces Crowdfunding Campaign
Solana Beach, CA - Feb 18, 2020 – ElliptiGO, the leader in elliptical and stand-up bicycles, announced that it has launched a private placement offering in accordance with Regulation Crowdfunding. The purpose of the fundraise is to provide ElliptiGO with the capital to invest in marketing its full line-up of...
February 17, 2020
Wanda Sports considering $1 billion sale of Ironman triathlon
Wanda Sports Group Co. is considering selling the Ironman triathlon business it bought in 2015, according to people familiar with the matter. The company, part of Chinese billionaire Wang Jianlin’s conglomerate, is working with an adviser and has held discussions with some private-equity buyers that expressed interest in the business according to...
February 17, 2020
Charity founded by disgraced cyclist announces relaunch plan
The cancer charity whose yellow wristbands became a global brand under founder Lance Armstrong is seeking to reinvent itself, years after donations and revenues crashed along with the disgraced cyclist’s career. Armstrong was nowhere to be seen earlier this month during Livestrong’s “relaunch” ceremony in Austin, and gone are the yellow...
February 17, 2020
Asics’ Q4 sales In North America show modest decline
Asics Corp.’s sales in the North American region in the fourth quarter slid 5.5 percent to ¥18.8 billion ($171 mm) from ¥19.9 billion a year ago. The operating loss in the region was reduced to ¥2.12 billion ($19 mm) from ¥2.95 billion. Read more about the decline on SGB Media.
February 12, 2020
Spartan officially acquires Tough Mudder UK
As has been reported in recent weeks, Spartan has been acquiring the UK properties of Tough Mudder. Today it became official and all events scheduled for 2020 will occur as planned. This includes a Tough Mudder City event taking place on April 17-18, and Europes’ Toughest Mudder, which is 12 hour overnight event on June...
February 12, 2020
Mizuno’s Sales Slide In Nine Months
Mizuno Corp. reported revenues in the nine months ended December 31 declined 3.9 percent. Revenues reached ¥122.7 billion ($1.12 bn). In the Americas region, sales grew 8.6 percent to ¥15.2 billion ($138 mm) from ¥14.0 billion. Mizuno said sales in golf and running were strong in the Americas. Read more on SGB...
February 12, 2020
‘McDreamy’ to be honorary captain of US Olympic cycling team
Patrick Dempsey will serve as the honorary captain for the U.S. cycling team at the Tokyo Olympics this summer, part of a unique working relationship between USA Cycling and the actor best known for his role on the TV show “Grey's Anatomy.” Read more about why USA Cycling reached out to...
February 12, 2020
DMSE Sports Names Matthew West as Chief Executive Officer
Boston (February 12, 2020) – DMSE Sports, an event management company for the road race and charity walk industries, has named Matthew West, long-time senior vice president of operations, as chief executive officer. With more than 15 years in mass participatory event management, first as a senior event manager and...
February 12, 2020
Velo Launches Year of the Rat Saddle
Velo Saddles launches their limited edition Year of the Rat saddle this week at CABDA Midwest building on their annual tradition of offering a special saddle to celebrate the Chinese New Year. Rats aren’t always perceived in the most favorable ways in popular culture, but the reality is that they...
February 12, 2020
St. Anthony’s Triathlon Names Patrick McGee as New Triathlon Manager and Race Director
PETERSBURG, FL., (FEBRUARY 12, 2020)– Patrick McGee, an industry veteran in triathlon and multisports, is taking the helm as the new St. Anthony's Triathlon manager and race director. McGee will lead the Triathlon as it prepares for its 37th annual race weekend, to be held from April 24-26. St. Anthony’s Triathlon is...