Business

HomeBusiness
Athlos NYC Brittany Brown's double win

Last Friday's Athlos NYC showcase in New York City could be summed up as a party where a few people ran track (and long jumped). Alexis Ohanian and a small army of organizers seemed to roll out a checklist of features that felt like upgrades over an already notable first effort last September at the …

Athlos NYC

The track and field season ended for the majority of athletes with last month's world championships in Tokyo sending the year out with a resounding conclusion. But Athlos is bringing one final flash of action before fall majors and road racing take over, and New York City is the setting this week. The Alexis Ohanian-backed …

Suunto claims Garmin infringed on patents

Garmin is facing another legal battle after Suunto filed a lawsuit against the company alleging that five of its patents were infringed upon. In a filing in the U.S. District Court for the Eastern District of Texas on September 22, Suunto claims that Garmin violated patents relating to antenna design, devices measuring respiratory rate, watch …

Based on a report released by New York Road Runners on Tuesday, miles have turned into millions locally as an estimated $934 million in spending impact through its own races boosted the city's economy in the fiscal year through March. The organization's Economic Impact Study, conducted every five years, showed that the NYC Marathon alone …

Strava looks to file IPO

Strava is seeking investment banks for its initial public offering following a busy year of acquisitions and a $2.2 billion valuation, according to published reports. In an article by Reuters on Thursday, the San Francisco-based company has asked Goldman Sachs, JPMorgan and Morgan Stanley and other banks to consult on for roles on the prospective …

Puma stakeholder exploring possible sale

Puma's largest stakeholder is exploring the possibility of selling the brand, which has struggled in the past year, according to a published report on Monday. Bloomberg said the Pinault family, owners of 29 percent of the brand, has contacted potential buyers following a year of slumping sales that have taken a toll on Puma and …