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.
December 26, 2023
SUAREZ and Gran Fondo National Series Release 2024 Event Apparel Collection
(Gettysburg, PA – December 26, 2023) /ENDURANCE SPORTSWIRE/ - Gran Fondo National Series and SUAREZ Cycling Apparel today released the designs for event-specific cycling jerseys that will be included with registration for 2024 Gran Fondo National Series owned events. Now in its third year as the title sponsor of the...
December 22, 2023
Muuvr secures $4.16 million in post-seed funding round
Muuvr, the activity app that motivates runners, cyclists, and triathletes to be more active through rewards and community, has announced a significant investment into the brand’s future. The $4.16 million secured capital will fuel the next chapter of Muuvr’s growth strategy. This includes advancements in app development, marketing and acquisition...
December 22, 2023
Nike Aims to Save $2B Over Three Years With New Plan to ‘Streamline’ Organization
Nike on Thursday announced new measures to “streamline” its organization after reporting a profit beat for the second quarter. The athletic giant said in a release that it sees the potential to save up to $2 billion, although these measures involve layoffs. Nike said it could see pre-tax restructuring charges...
December 22, 2023
Mountain Outpost to Broadcast the 2024 Hardrock 100
/ENDURANCE SPORTSWIRE/ - The Hardrock Hundred Mile Endurance Run (Hardrock) is excited to announce a partnership with Mountain Outpost (a division of Aravaipa Running) to deliver the 2024 Livestream of the Hardrock. Building on the excitement generated from the 2023 Livestream, Hardrock is looking forward to working with Mountain Outpost...
December 21, 2023
Compass Diversified Receives $75.2 Million Equity Investment
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, reported that it had completed a private placement of approximately 3.6 million of its common shares to a mutual fund managed by Allspring Global Investments to raise $75.2 million. The shares were sold for $21.18...
December 21, 2023
Marathon Tours & Travel announces further growth of expert team
/ENDURANCE SPORTSWIRE/ Marathon Tours & Travel (MTT) provides comprehensive travel packages for runners that include guaranteed entry, transfers, accommodation, and expert team support for some of the most popular events around the world. Proud partners of the Abbott World Marathon Majors, the team is extremely well connected, working closely with global...
December 21, 2023
The Atlanta Rise, Denver Disruptors, and Miami Nights Announce their 2024 National Cycling League (NCL) Cup Team Rosters
(Miami, Fla, December 21, 2023) /ENDURANCE SPORTSWIRE/ - After a successful inaugural season, three teams from the National Cycling League announced their 2024 rosters. Two second-year teams, Denver Disruptors and Miami Nights, will include riders from 2023, plus talented rookies and familiar names. First-year team Atlanta Rise has a roster...
December 20, 2023
What the Apple Watch Ban Could Mean for the Tech Giant’s Fitness Plans
Apple will stop selling some of its Watch models in light of one of the most significant patent disputes in recent history, a development that could impact the tech giant’s burgeoning fitness and wellness endeavors. A ruling in October by the International Trade Commission (ITC) found that Apple violated medical company Masimo’s...
December 20, 2023
Sports tech industry investments reach US$10.1 billion during Q3 2023
The global sports technology industry generated US$10.1 billion worth of deals during the third quarter of 2023, according to research from Drake Star Partners, which recorded 317 transactions during the three-month period. The quarterly study does take into account deals which include technology elements or are sports technology adjacent. For...
December 20, 2023
The Most Innovative Fitness & Wellness Companies of 2023
Athletech News presents its list of The Most Innovative Fitness & Wellness Companies of 2023. The list serves as the ultimate authority in recognizing the organizations that are revolutionizing fitness and wellness and, by extension, positively influencing society. Athletechnews