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Archive for the ‘Business news’ Category

You probably know Tony Hawk as the most famous professional skateboarder, but did you know he’s one of the richest athletes in the world? That’s right, Hawk’s career earnings combined with his entrepreneurial success in retirement has built his net worth to be higher than Larry Bird and Charles Barkley‘s combined.

Hawk was a skateboarding prodigy as a child. He signed his first sponsorship deal when he was just 12 years old, and he turned pro when he was 14.

Hawk quickly became the best and most famous skater in the world before he even turned 20. He went on to  …  More

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Mavic, one of the most famous brands in cycling, faces a very uncertain future after news emerged yesterday that it has fallen into receivership. So, what went wrong with the company which has been a partner of the Tour de France for the past four decades, and what are the implications for the future of the business?

Last December, the company, which is based in Annecy in the French Alps, entered a process called conciliation which, under French insolvency law, seeks to arrive at an agreement between a business in difficulties and its creditors.

Then, according to the US-based trade website Bicycle Retailer and Industry News (BRAIN), in February this year its management was put in the hands of By Saving, a French firm specialising in turning around struggling businesses  …  More

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Scooter sharing company Lime is scooping up the assets of defunct electric skateboard startup Boosted, The Verge has learned. At least five of Boosted’s core patents were assigned to Lime’s holding company on April 15th in the government’s database, and two former employees say Lime has been working on acquiring Boosted’s intellectual property dating back to the end of 2019.

The move comes after a proposed acquisition from Yamaha fell through for Boosted earlier this year, according to the two former employees familiar with the deal, who were granted anonymity because   …  More

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Formula 1 is a complicated series that is founded on complex engineering, tough business negotiation and precise data. Yet F1 often struggles to convey this information to its audience.

Especially for new fans, it can be hard to demystify F1 terms and to appreciate exactly what goes into taking part in a grand prix weekend.

In an attempt to rectify that, here’s a compilation of the most frequently asked F1 questions along with their answers …  More

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