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 …
A lifeline appears to be partially the way for Grand Slam Track as the league received a block of financing from existing investors and has paid its athletes half of what they were owed in prize money, according to a report in Front Office Sports on Friday. The league canceled its last event in June …
Strava is accusing Garmin of infringing on a pair of patents relating to segments and heatmaps, according to a federal lawsuit filed in Colorado on Tuesday. The two companies entered an agreement in 2015 to jointly develop Garmin's segments, a concept Strava filed a patent for in 2011 (which it introduced in 2009). Strava claims …
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 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 …
The iconic "Just Do It" tagline from Nike was part of one of the most successful advertising campaigns of all time and on Thursday the brand reached back to the renown slogan to tap the next generation of athletes. But for a modern spin on hyping competitors on a range of levels, the company has …
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 …
Organizers of the 2028 Olympic and Paralympic Games in Los Angeles have revealed that a plan is in place to sell naming rights to some of its venues, a first in the history of the Olympics. The move, announced on Thursday, already has a pair of partners on board as Honda will retain its existing …
Deckers (DECK.N), the parent of Hoka, reported better than expected first-quarter earnings on the strength of increased demand from China and Europe, the company announced on Thursday. Shares of the company surged 11 percent following the news and Deckers noted that its Hoka and UGG brands surpassed projections, as revenue soared to $965 million, ahead …
Puma's shares tumbled nearly 17 percent on Friday after the company reported that it will take a full-year loss in 2025, citing the impact of U.S. tariffs and weaker than forecasted quarterly sales. The sales decline was driven by the key markets as North America fell 9.1 percent, Europe was down 3.9 percent and Greater …