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February 20, 2023
Life Time, The Largest Provider of Permanent Pickleball Courts, Hosting and Presenting Nine Pro Pickleball Tournaments Nationwide in 2023
CHANHASSEN, Minn., Feb. 20, 2023 -- Life Time (NYSE: LTH), the country's largest owner and operator of pickleball courts across its network of more than 160 luxury athletic country clubs, is bringing nine tournaments with thousands of players and spectators to its locations across the nation as the sport continues "pickling" up in...
January 27, 2023
Giant Group buys minority share in Stages Cycling in $20 million deal
Giant Group has made a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange. According to the announcement in Taiwan, on Jan. 20 Giant's board approved the purchase of 32.5% of Stages Cycling Inc. common stock for...
January 5, 2023
Peloton fined $19 million for dropping the ball on Tread Plus safety issues
Peloton is starting off 2023 with a $19 million fine. According to the US Consumer Product Safety Commission, the company has agreed to pay the civil penalty to settle charges that the company knowingly failed to immediately report safety issues with its recalled Tread Plus. Peloton continued to sell 38 Tread...
November 29, 2022
USATF CEO’s $3.8 million salary for 2021 sparks outrage
Team USA athletes and track fans are outraged after it was reported that USA Track & Field (USATF) CEO Max Siegel earned a whopping $3.8 million last year, according to his tax form posted on the USATF website. Max Siegel's pay represented 11 per cent of the organization's total $33.6 million revenue in...
November 15, 2022
Amazon gets back into the virtual care space with the launch of Amazon Clinic
Amazon announced the launch of Amazon Clinic, which it calls, "a virtual health storefront, bringing together clinical offerings from national, award-winning telehealth providers." With Amazon Clinic, customers are able to select the third-party telehealth provider that best meets their timeline and budget, then connect directly with a licensed clinician. Vator
November 10, 2022
Bradley Wiggins disputes near £1m claim against him by liquidators
Sir Bradley Wiggins is disputing a near £1m claim against him made by the liquidators of his companies and is selling a property to raise funds. In an update on the liquidation filed at Companies House last month, administrators Georgina Eason and Michael Sanders of accountancy firm MHA Macintyre Hudson...
October 26, 2022
Kanye West Peloton Swears Off His Music …For All Future Classes
Kanye West is persona non grata for Peloton -- the exercise company is banning his music from any new future classes. The statement comes on the heels of Peloton's Alex Toussaint -- a popular cycling instructor -- declaring he would not be playing Ye's tunes during any of his classes. Toussaint...
October 9, 2022
New Study Strengthens the Link Between Exercise and Memory
Experts have long known that fitness is good for the brain. A recent paper connects different types of workouts with assorted improvements in memory. NYT (paywall)
October 7, 2022
Pacific Cycle reduces North American workforce
Pon's Pacific Cycle has reduced its North American workforce in an attempt to restructure operations in response to what it called "challenging economic conditions in the retail mass market segment." A Pacific Cycle spokesperson said that the layoffs affected less than 10% of the workforce but did not give a...
September 8, 2022
This Runner Couldn’t Find the Right Shoes for Races, So She Launched Her Own Women’s-Focused Brand
Hilma, was founded by Brooke Torres in 2019, when she could not find running shoes that fit her properly. Torres was disappointed with the one-fit shoes that were on the market, as well as the exclusion of women from product development in women’s running shoes and fits created off the...