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 5, 2024
Cyclist sues Shimano and Trek for $2 million after brake lever “impaled” foot-long wound in thigh
A cyclist in the United States is suing Trek and Shimano for $2 million in damages after he was left with a foot-long gash and "permanent numbness" in his thigh after he was allegedly "impaled" by a brake lever as he lost balance trying to avoid a crash. Timothy Lynch brought...
February 5, 2024
Are Collectives the New Privateer Programs in Gravel Racing?
/ENDURANCE SPORTSWIRE/ - Felt UN1TD launched this week, uniting the talents of gravel racers Dylan Johnson, Danni Shrosbee and Adam Roberge under one banner. “Watching how the Life Time Grand Prix and other gravel events have gone in the last few years, it’s clear that privateers are struggling against riders...
February 1, 2024
Salomon Owner Amer Sports Raises $1.37 Billion in U.S. IPO
Amer Sports, Inc. raised $1.37 billion its U.S. initial public offering (IPO), a total that fell short of its projected $1.8 billion. The Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, sold 105 million ordinary shares for $13 each. The company previously anticipated offering 100 million ordinary...
February 1, 2024
Hoka and Ugg Help Deckers Achieve ‘Largest Quarter in History’ in Q3
Shares for Deckers Brands were up nearly 6 percent in after-hours trading on Thursday as the footwear company reported its largest quarter in history driven by its star Hoka and Ugg brands. The Goleta, Calif.-based footwear company reported net sales in the third quarter of 2024 increased 16 percent to...
February 1, 2024
Women’s Triathlon Events Expand In Carolinas
February 1, 2024. Mt. Pleasant, SC /ENDURANCE SPORTSWIRE/ – Charleston based She Tris Triathlon events announced this week an agreement with Jeremey Davis of Set Up Events to purchase and rebrand the NC based all women triathlon events, known as Ramblin’ Rose. The NC series started in 2007 and has events throughout...
February 1, 2024
Peloton Shares Down on Lower Outlook, Mixed Fiscal Q2 Results
Peloton Interactive reported* that total revenue was down 6 percent to $743.6 million for the fiscal second quarter ended December 31, 2023, compared to the company’s guidance range of $715 million to $750 million. Connected Fitness segment revenue was $319.1 million in the quarter, down 16 percent from $381.4 million...
February 1, 2024
Outside Interactive, Inc. Announces Launch of RUN, a New Running Media Platform
Boulder, Colo — February 1, 2024 /ENDURANCE SPORTSWIRE/ – Outside Interactive, Inc., the world’s leading creator of active lifestyle content, services, events, and experiences, launched a new running media platform, RUN, today. Built on the legacy of more than fifty years of experience in running media across Outside Magazine, Trail...
February 1, 2024
Brooksee Taps Phil Dumontet as New CEO
SALT LAKE CITY, Utah /ENDURANCE SPORTSWIRE/ – Brooksee, the endurance event production and service company behind the Las Vegas Marathon, Portland Marathon, Mesa Marathon and REVEL Race Series, has announced the hiring of Phil Dumontet as their new CEO. In this new role, Dumontet will guide the strategic development of Brooksee’s...
January 31, 2024
What Does Red Bull’s 51% Stake in Bora-Hansgrohe’s Parent Company Mean for International Cycling?
Professional cycling almost saw two of its largest teams merge and compete, as on Soudal-Visma. The spark fizzled out in this deal, but come 2024, the face of cycling may just be undergoing its first major change. Energy drink and marketing mogul Austrian company Red Bull is all set to...
January 31, 2024
International run travel experts Marathon Tours & Travel acquires Kangaroo Island Marathon
January 31, 2024/ENDURANCE SPORTSWIRE/ – Kangaroo Island lies 14km off the mainland of South Australia, a short 90-minute drive from the city of Adelaide. Kangaroo Island was recently named one of the top ten travel destinations in the world by Lonely Planet and the New York Times. One third of the island...
