News Topics
February 21, 2023
Brooks Running achieves record revenue in 2022, builds momentum into the new year
Brooks Running crossed the finish line in 2022 with record global revenue, up 6% over 2021 with growth in all regions, and direct-to-consumer sales up 16%. The brand navigated supply chain obstacles during the first half of the year, returning to complete inventories in the back half with a record...
February 21, 2023
Fox Factory Acquires Custom Wheel House
Fox Factory Holding Corp. agreed to acquire Custom Wheel House, LLC (CWH) from Thompson Street Capital Partners and other sellers for $131.6 million. This acquisition complements Fox’s upfitting and lift kit business and broadens its product offering in a growing automotive industry segment. SGB Media
February 21, 2023
Porsche assumes complete ownership of Greyp e-bike brand
After acquiring a majority interest in the Greyp in 2021, Porsche announced it has assumed complete ownership of the e-bike brand. The sports car manufacturer's venture capital segment, Porsche Ventures, had held about a 10% stake in Greyp since 2018. Bicycle Retailer
February 20, 2023
Quell Raises $10M In Series A Funding Round
Quell, the UK-based fitness gaming developer and publisher, completed a $10 million Series A funding round led by Tencent with follow-on investment from Khosla Ventures, Heartcore Capital, Social Impact Capital, and entrepreneur Naval Ravikant. This latest round brings Quell’s total financing to $15.6 million. The Series A round enables Quell...
February 20, 2023
Over 40? Just 20 Minutes of Daily Exercise Can Keep You Out of the Hospital
Researchers found that among nearly 82,000 British adults, those who regularly exercised were less likely to be hospitalized for various health conditions in the coming years. The list included such common ills as pneumonia, stroke, diabetes complications and severe urinary tract infections. US News
February 19, 2023
In San Francisco Bay, Wetsuits Make Waves Among Swimmers
Wetsuits have a long history in the frigid waters of the Bay Area, but some swimmers who forgo the neoprene shame those who wear them. Some Bay Area triathlete pages call them “wuss suits.” Despite the local history, a war rages on over whether to wear wetsuits. WSJ
February 17, 2023
Climate change could force ‘decoupling’ of long-distance athletics events – World Athletics chief
World Athletics president Sebastian Coe said long-distance events could be "decoupled" from major championships due to climate change as concerns mount about competitor welfare in soaring heat. At the Tokyo Olympics in 2021 many competitors struggled with extremely hot and humid conditions. News24
February 17, 2023
Forbes 30 Under 30 Honoree Dies After Arizona Marathon
Pierre Lipton, 26, started the Mesa Marathon at 6:30 a.m. on February 4, chasing a personal best. After 26.2 miles running 7:15 mile pace, Lipton crossed the finish line in 3:10:05, a new PR. A few steps from the finish line, he collapsed near paramedics. They tried CPR unsuccessfully and...
February 17, 2023
Olympia Sports Intellectual Property Sold At Auction
The intellectual property and related assets of Olympia Sports, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter, were sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank. Olympia Sports filed for bankruptcy last September to liquidate its remaining 35 stores....
February 17, 2023
Shimano forecasts 21% sales drop in 2023
In its fourth quarter and full-year financial results report, the company forecast that 2023 sales in its bike components business will produce 396 billion yen ($2.95 billion), down from the 517 million yen recorded in 2022, a 23% drop. Bike component sales make up about 79% of Shimano’s business with...