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.
May 1, 2024
Amer Sports sells Enve Composites to private investment firm
Enve Composites has been sold by Amer Sports to PV3, a Utah-based private investment firm. Amer Sports’ chief operating officer Michael Hauge Sørensen said: “Enve has gone through major changes in the past years. The brand has positive momentum, and we see that it has good potential. Enve Composites was founded in 2007...
May 1, 2024
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
Wolverine World Wide, Inc. announced that it entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company. Under the first agreement, Vida Shoes International will become the global licensee for Merrell and Saucony kids footwear, with rights to these products in almost all markets...
May 1, 2024
Garmin announces first quarter 2024 results
Schaffhausen, Switzerland / May 1, 2024 /ENDURANCE SPORTSWIRE/ – Garmin® Ltd. (NYSE: GRMN), today announced results for the first quarter ended March 30, 2024. Highlights for first quarter 2024 include: Consolidated revenue of $1.38 billion, a 20% increase compared to the prior year quarter Achieved record first quarter revenue in...
May 1, 2024
The Running Event Teams Up with Obviouslee to Drive Growth and Amplify Industry Leadership
CHARLESTON, S.C. (May 1, 2024) /ENDURANCE SPORTSWIRE/ – Obviouslee, a dynamic, full-service marketing agency renowned for strategic collaborations with innovative brands worldwide, proudly announces being selected by The Running Event (TRE) as its media relations agency of record and creative partner. In addition to driving growth and elevating TRE's position as...
April 30, 2024
Adidas Swings to Q1 Profit as DTC Drives Top-Line Growth
Adidas is reporting that currency-neutral (c-n) revenues increased 8 percent in the first quarter of 2024, compared to the the 2023 first quarter. The better-than-expected performance was said to be driven by the “strong momentum” of the underlying Adidas business, which grew 5 percent in the period. In addition, the...
April 29, 2024
Polartec Proudly Announces the Milliken & Company 2023 Sustainability Report
Planet Earth, The Universe (April 29, 2024) /ENDURANCE SPORTSWIRE/ - Polartec, a Milliken & Company brand, is pleased to underscore its dedication to building a more sustainable future as it pursues the 2025 People, Product and Planet Goals, including certified science-based net-zero targets. Aligning with Milliken’s commitments to transparency and sustainability,...
April 29, 2024
ShowcasedKINeSYS Becomes First-Ever Sunscreen to Achieve Informed Sport Certification
/ENDURANCE SPORTSWIRE/ - KINeSYS announced today that their award-winning SPF 50 Fragrance Free Spray Sunscreen is the first-ever sunscreen to be certified with the Informed Sport program. Informed Sport certification provides the highest level of quality assurance by testing every batch of supplements, and now sunscreens, for substances banned in...
April 29, 2024
Colnago 2023
The financial statements of Colnago Ernesto & C. S.r.l. were approved today by the Shareholders' Meeting. Both turnover (+33%) and, above all, EBITDA (+106%) are growing compared to 2022. The satisfaction of CEO Nicola Rosin. Cambiago /ENDURANCE SPORTSWIRE/ – The Shareholders' Meeting of Colnago Ernesto & C. S.r.l. has approved the...
April 27, 2024
Rapha abruptly closes North America office and lays off staff
Rapha has abruptly closed its North American office and laid off six of its eight staff as the clothing brand says it is “realigning Rapha to better reflect our strategic priorities and current market dynamics.” Rapha CEO Francois Convercey siad that the layoffs were part of a consolidation plan. Rapha’s...
April 26, 2024
The Stages Cycling Saga Is Only Going to Get Messier
As Stages product owners know quite well, the company had seemingly been on life support for the last year, visible to both consumers and industry watchers alike. This follows nearly a year of continued degradation of their product support responsiveness, and loss of key long-term leaders at the company. The...