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.
September 7, 2023
Volkswagen Financial Services acquires minority stake in Pon Holding’s leasing subsidiary
Volkswagen Financial Services (VW FS) and Pon Holdings (Pon) have announced a development in their partnership in company bike leasing with VW FS acquiring a 49% stake in the Pon bike leasing subsidiary Bike Mobility Services (BMS). The Memorandum of Understanding (MoU) on this strategic alliance was signed at the...
September 7, 2023
USATF Board Member Jim Estes Suing USATF & Max Siegel for Negligence & Defamation
Last week, USATF board member Jim Estes filed a lawsuit in Marion County, Ind., against USATF, its CEO Max Siegel, and its COO Renee Washington. Estes is alleging negligence by USATF and Washington and defamation per se and invasion of privacy by Siegel. All of this stems from the bidding process for the...
September 7, 2023
Ultra X and Ecolibrium Partner to Drive Sustainable Racing
/ENDURANCE SPORTSWIRE/ – Ultra X, a prominent name in the world of ultramarathon events, is excited to announce a partnership with ecolibrium, a growing community of festivals, suppliers, artists and music companies taking action to reduce the environmental impacts of travel, the largest source of emissions from live events. The...
September 7, 2023
Kane Footwear Expands Officially-Licensed College Collection, Partners with Top NCAA Athletes
Westport, CT (September 7, 2023) /ENDURANCE SPORTSWIRE/ - Kane Footwear, a leader in active recovery footwear, is excited to announce the expansion of their officially-licensed college collection with 11 new schools. In celebration of the expansion, they’re partnering with five top NCAA athletes to promote the new shoe drop, including...
September 6, 2023
Pon Bike acquires Italian shoe brand Nimbl
Dutch cycling powerhouse Pon Bike has announced the acquisition of premium Italian cycling shoe brand Nimbl. The brand, founded by Francesco Sergio, former Head of Sports Marketing for Cervelo, has an established relationship with Team Jumbo Visma. Unusually, in the world of pro team sponsorship, Sergio has intimated that it...
September 6, 2023
Zwift and Wahoo partner-up again after patent spat
Indoor training giants Zwift and Wahoo have agreed to start collaborating again after settling a patent lawsuit earlier this week The latter took legal action against Zwift in October 2022 for alleged patent infringement relating to its Hub smart trainer, launched in September. Last week, it was reported that both parties had agreed to end the...
September 6, 2023
USTA Launches Investment Fund to Support Tennis Growth
The USTA (U.S. Tennis Association) has launched USTA Ventures, through the USTA Strategic Investment Committee, which will be charged with evaluating a broad spectrum of long-term investment opportunities. The focus will be on acquiring potential equity stakes in technologies and other companies that will help to advance the growth of tennis...
September 6, 2023
Raccoon Media Group has been acquired by Cuil Bay Capital
September 2023, London/ENDURANCE SPORTSWIRE/ – Raccoon Media Group Ltd has announced that a new investment vehicle, Cuil Bay Capital (CBC), has today acquired a majority stake in the business. CBC is led by Doug Emslie, the former CEO of Tarsus Group who will join the board as chairman, replacing Ralph Collett....
September 6, 2023
Kinomap announces new video preview integration with Strava
(Sept. 6, 2023) /ENDURANCE SPORTSWIRE/ - Kinomap, an interactive video-based training app for runners, cyclists and rowers, today announced a new integration with Strava, the leading subscription platform at the center of connected fitness, that allows users of both platforms to upload 10-second video clips. Integrated with Strava since 2016,...
September 6, 2023
runDallas and the Dallas White Rock Marathon President Paul Lambert Departing the Organization
DALLAS, Sept. 6, 2023 /ENDURANCE SPORTSWIRE/ – The Board of Directors of the Dallas White Rock Marathon (DWRM), the parent organization of runDallas and the BMW Dallas Marathon Festival, announced Paul Lambert, president of DWRM, is departing the organization to pursue other interests. During this transition, Charles Peyton, Chairman of the...