News Topics
May 17, 2021
European equity fund acquires a third of Selle Royal Group
Selle Royal S.p.A., — which produces and markets saddles and accessories under the Selle Royal, Fizik, Crank Brothers, Brooks and PedalEd brands — has received a major investment from the Wisequity V Fund. The fund has acquired a one-third share in the company. Bicycle Retailer
May 17, 2021
Gwen Inglis, reigning cycling national road race champion, killed on a ride by suspected DUI driver
Gwen Inglis, one of Colorado’s foremost cyclists, was struck and killed on a training ride in Lakewood on Sunday morning by a driver who police suspect was intoxicated. Denver Post
May 17, 2021
New $3.3M Seed Pumps Up DeltaTrainer’s Platform
DeltaTrainer, a one-on-one remote personal training company, raised $3.3 million in a round of seed funding to boost development of its platform and wearable technology. The Pittsburgh-based company founded in 2018 provides fitness training based on tracking a user’s movements via Apple Watch motion analysis. Crunchbase
May 14, 2021
Authentic Brands Group Reportedly Offers $1B For Reebok
Adidas has been trying to offload Reebok since December. And now, Authentic Brands Group, owner of Sports Illustrated and athletic apparel and equipment brands like Airwalk, Prince Sports, Tapout, and Volcom, reportedly made an offer to buy Reebok for $1 billion. Front Office Sports
May 14, 2021
Petition to cancel Tokyo 2020 Olympics submitted with 350,000 signatures
The submission of the petition comes amid rising COVID-19 cases in Japan, while concerns over the fate of the Games have grown due to Japan's low vaccination rate, the spread of new variants and the state of emergency in place in Tokyo and other prefectures. Inside The Games
May 14, 2021
Japan expands coronavirus emergency ahead of Tokyo Olympics
Japan on Friday further expanded a coronavirus state of emergency from six areas, including Tokyo, to nine, as Prime Minister Yoshihide Suga repeated his determination to hold the Olympics in just over two months. Associated Press
May 13, 2021
Nike Reveals Details Into When Employees Will Return to HQ
The company said its plan is location-specific and includes a “3-2 flexible work model.” With this model, Nike said employees may work remotely up to two days a week. Nike said it expects employees to work from the office three days a week, however those plans are dependent upon local...
May 13, 2021
Japanese towns abandon plans to host Olympic athletes for Tokyo 2020
Dozens of Japanese towns have scrapped plans to host Olympic athletes prior to the upcoming Tokyo 2020 Games due to growing concerns over COVID-19 and local medical resources during the fourth wave of infections. Inside the Games
May 12, 2021
Asics Sees Q1 Sales Climb 25 Percent
Asics Corporation reported sales rose 24.8 percent in the first quarter. Sales in the North America region rose 20.1 percent on e-commerce gains and the region returned to profitability. Gross profit increased 32.3 percent due to the impact of the increase in net sales as well as a decrease in...
May 12, 2021
AI and a Brave New Running World
AI is the inevitable future of athletics posed to revolutionize the endurance sporting industry. PodiumRunner lays out where we are, and what we can expect to see in the coming years.