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 31, 2022
Asics Partners With Freshly
The limited-edition collaboration, Freshly + Asics, will feature three meal plans: one for pre-race, one for post-race and one for sustainable wellness. Runners select the plan or plans that best fit their training needs, and receive an auto-populated cart featuring the corresponding meals curated by Freshly’s in-house nutritionist. Meals are...
May 26, 2022
BikeExchange CEO resigns as company announces plans to raise capital
BikeExchange, a global online listing platform that hosts thousands of brands and retailers, recently announced that Mark Watkin, global CEO, has resigned immediately. Watkin will stay on with the company, following five years of service, until a replacement has been found. Bikebiz
May 25, 2022
Wall Street Reacts To Under Armour CEO Transition
Effective June 1, Frisk will step down but stay as an advisor to support the transition through September 1, 2022. Under Armour’s board has initiated a search for his replacement. During his tenure, Under Armour’s revenues increased by $704 million, and its operating margin expanded to 9.3 percent from a...
May 25, 2022
Fugitive wanted in killing of elite cyclist traveled to New York City, authorities say
Kaitlin Marie Armstrong, the woman suspected of fatally shooting elite cyclist Anna Moriah "Mo" Wilson in Texas, is believed to have traveled to New York City after the killing, authorities said Wednesday. Armstrong, 34, is accused in the May 11 shooting of Wilson -- who had previously dated Armstrong's boyfriend...
May 25, 2022
Gravity sportswear brand Omorpho secures 6 million US dollar investment
Premium fitness brand Omorpho, co-founded by former Nike executive Stefan Olander and Ben Williams, to revolutionise training with micro-weighted sportswear, has raised 6 million US dollar seed funding at a 26 million US dollar valuation. Fashion United
May 25, 2022
More cyclists are being killed by cars. Advocates say U.S. streets are the problem
Amid a sharp increase in fatalities and serious injuries among cyclists hit by cars and trucks, some cycling advocates say there's often a disconnect between efforts to encourage more biking and ensuring the safety of bicyclists who are using streets that are primarily designed to move cars and trucks through...
May 24, 2022
Adidas Unveils Revamped Portland HQ as Employees Return to the Office in a Hybrid Capacity
The Germany-based brand on Tuesday said it has completed a 220,000 square-foot expansion of its headquarters in Portland, Ore. The project, which began in 2018, includes an additional three buildings on campus, a new gym, cafes, parking space and a soccer pitch. In total, Adidas said it now offers 525,000...
May 20, 2022
Outside Inc. Lays Off 15% of Staff as It Transitions to Digital
Outside Inc. told staff on Friday that it would be laying off around 15% of its 580-person workforce––between 85 to 90 people––as the bundled publisher continues its transition to a primarily digital company, the Denver Business Journal reported Friday. The media company, which is composed of 36 individual publishers including Backpacker, Ski...
May 19, 2022
Under Armour Announces CEO Transition
Under Armour, Inc. (“the company”) (NYSE: UA, UAA), today announced that Patrik Frisk will step down as President and Chief Executive Officer (CEO) and as a member of the Board of Directors (board), effective June 1, 2022. The board has initiated a comprehensive internal and external search process to identify a permanent President and CEO....
May 19, 2022
F45 Training Revenue Jumps 175% in Q1
The Austin, Texas-based company generated $50 million in revenue in Q1 2022, a 175% increase year-over-year. F45’s impressive results were driven by its equipment and merchandise revenue, which reached $30.1 million during the quarter, up 499% year-over-year. FOS