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.
October 23, 2024
Gamified Fitness App Scores Deal on ABC’s “Shark Tank”
With an emphasis on community, Card.io allows people to come together and form teams to engage in outdoor fitness and competitive social games such as Turf Wars, where they claim an area of town and defend it from others as they walk, run, and cycle. Athletech News
October 23, 2024
Decathlon innovation hub invests in leading second-hand e-bike company
Global sports business Decathlon has invested in Rebike Mobility GmbH, described as “Central Europe’s leading second-hand e-bike company”, via its own innovation hub, Decathlon Pulse. BikeBiz
October 23, 2024
EXEC: Thule Group Posts DD Profit Growth on Weaker Sales Growth
Thule Group President and CEO Mattias Ankarberg reported the company had a “good” third quarter of the year, with sales increasing, good profitability and cash flow reached a record high level. SGB Media
October 22, 2024
Nike Ordered to Pay Legal Fees in Trademark Dispute
A federal court in Pennsylvania has ordered Nike to pay Lontex Corporation millions in attorney’s fees for its “reckless infringement” of the company’s trademark. Lontex sued Nike, Inc., for trademark infringement after discovering that Nike used the phrase in its product names and marketing materials. SGB Media
October 16, 2024
You Can Own a Portion of Boyd Cycling with Crowdfunding Investment
Boyd Cycling has been building high-quality bicycle wheels since 2009. They’ve been designing their rims and hubs in-house since 2013. For the past 4 years, Boyd Cycling has been on-shoring its production into S. Carolina. Bike Rumor
October 15, 2024
Life Time Group Sees Q3 Net Income Surge in Preliminary Report
Life Time Group Holdings, Inc. is reporting preliminary estimated financial results for the fiscal third quarter ended September 30 in connection with its launch of a process to refinance its 5.750 percent Senior Secured Notes due 2026 and 8.000 percent Senior Notes due 2026. SGB Media
October 14, 2024
Optima Cycles Acquires Dolly Bikes
Optima Cycles, based in Amsterdam, Netherlands, specializing in designing, manufacturing and distributing e-bikes (Dutch ID) and e-cargo bikes (Lovens), acquired Dolly, the e-cargo bike brand based in Utrecht, Netherlands. The acquisition strengthens the company’s position in the e-cargo bike category. SGB
October 14, 2024
Sports tech market generates US$34.2 bn during first half of 2024
The first half of 2024 saw 589 financial deals take place involving sports technology, with the collective valuation of transactions amounting to US$34.2 billion, according to research from investment bank Drake Star Partners. Sports Pro Media
October 14, 2024
Look Cycle Group To Divest Bicycle Wheel Specialist Corima
Look Cycle Group has sold the high-end carbon bicycle wheel specialist Corima to a group led by Pierre-Jean Martin, its co-founder. SGB Media
October 10, 2024
Giant Group Returns to a Sales Decline in September Versus Easy Comps
The Giant Group saw its year-over-year sales picture return to a negative trend again in September after posting two consecutive months of growing shipments. The news was a bit unexpected as the company faced easier comparisons against an ugly fall shipping period last year. SGB Media