We have 11 new press releases today. Have some news to share? Click here for more details. 

If you find this news report useful, please support us by forwarding to a friend or subscribing here.

🐾 Thule Group acquired Swiss dog harness maker Curli AG for SEK 118 million ($13M), adding vest-style harnesses for smaller dogs to its fastest-growing dog transportation category, with Thule-branded harnesses for larger dogs launching fall 2026.

⚖️ Nike is facing a class action lawsuit alleging the company passed roughly $1 billion in tariff costs to consumers through footwear and apparel price increases, then failed to return the funds after the Supreme Court struck down the underlying tariffs.

🔒 UK cycling insurtech Laka completed its fourth acquisition in three years by taking over VeloLife's bike insurance business, adding 100+ UK dealer locations to its network, backed by a £6.5M HSBC venture debt facility earmarked specifically for M&A.

⚡ Porsche is shutting down Porsche eBike Performance GmbH, citing fundamentally changed market conditions for e-bike drive systems, resulting in more than 500 job losses across three discontinued subsidiaries.

📉 Giant Group posted a Q1 net loss of $6.37 million with revenue down 25.7% year-over-year, but saw gross margins improve to 19.6% on new product launches. The company says the U.S. Customs WRO issue, which cost $2.56 million this quarter, has entered its final stage.

Nick Joy joins OutsidePR as Affiliate Manager, bringing a decade of experience from Stanley 1913 where he most recently served as Ecommerce Marketing Manager overseeing affiliate strategy and digital commerce performance. He will grow the agency's affiliate capabilities alongside current Affiliate Director Torie Fann, integrating performance-driven campaigns into OutsidePR's broader earned media approach. OutsidePR

The 17th XTERRA Trail Run World Championship gathered athletes from 30 countries on May 9 on Gozo Island, Malta. Competitors raced for titles in the Trail Marathon and Trail Half Marathon along the Mediterranean island's coastal cliff paths and limestone trails. XTERRA

The inaugural Mt. Soledad Hill Climb presented by Kaiser Permanente will take place May 23 in San Diego, featuring a 1.8-mile uphill course finishing at the Mt. Soledad National Veterans Memorial. The event offers a standard Hill Climb division and a Ruck Challenge carrying a 40 lb (men) or 30 lb (women) pack, with 100% of additional donations benefiting the memorial. Easy Day Sports

The 2026 Giro di San Diego GranFondo returns June 6 from Escondido's Ryan Park, offering four distance options from 20 to 95 miles. New this year are two chip-timed KOM/QOM climbs on Palomar Mountain and Cole Grade, with cash prizes and polka dot jerseys up for grabs. KOZ Events

Men's winner Valdemar Solok (DEN) took the top spot in 3:35:44 and women's winner Bridget Theunissen (RSA) crossed in 4:10:51 at the sold-out third edition of Challenge Cesenatico. The middle-distance triathlon on Italy's Adriatic Coast drew more than 1,400 athletes. Challenge Family

Men's winner Will Draper (GBR) took the top spot in 3:36:11 and women's winner Elisabetta Curridori (ITA) successfully defended her 2025 title in 4:04:02 at Challenge Salou-Costa Daurada. The middle-distance triathlon on Spain's Costa Daurada drew 1,200 athletes. Challenge Family

4iiii Innovations completed the full transition of its PRECISION 3+ and PRECISION 3+ PRO power meters to a redesigned integrated battery enclosure, replacing the external clip system with a seamless plastic design. All units are third-party certified through Intertek and now meet Reese's Law, Australia's battery safety standards, and upcoming EU legislation, giving retailers and distributors full compliance confidence. 4iiii Innovations

Magic Race Swag released a practical guide outlining five glow-in-the-dark and interactive swag options designed to help night runs create shareable finish-line moments without a significant budget increase. Options include glow and sun-activated color-changing medals and sweat-activated shirts, with full custom designs available from 500 pieces. Magic Race Swag

Super Patch Company, maker of drug-free neuro-haptic performance patches, was named the Official Performance and Recovery Partner of the Ones Basketball League, the one-on-one competition founded by NBA Hall of Famer Tracy McGrady. The partnership kicks off with the "OBL: Battle of the Cities" season in Orlando. Super Patch

Electrolit signed ATP tennis player Emilio Nava as its newest athlete partner for performance hydration support on and off the court. Nava reached a career-high ranking of No. 74 after winning three consecutive ATP Challenger titles in 2025. Electrolit

Quintana Roo Bicycles partnered with content creator and age-group triathlete Owen "Pedz" Peddle, who began his endurance journey at 329 lbs and has amassed 91,500 Instagram followers. He will race the Service Route Tri bike toward IRONMAN 70.3 Mallorca and, ultimately, IRONMAN Wales 2027. American Bicycle Group

Check out other great job opportunities on our job board HERE.    

Are you an employer? Let us help you find your next dream candidate.

Do you have ideas on what we can do to improve this newsletter? Respond to this poll and leave a comment. I read every reply.