Finance
Lululemon Has Strong Quarter but Silent on Connected Fitness
Lululemon grew its revenue to $2.2 billion for the quarter but didn't reference any news regarding its struggling connected fitness division.
L Catterton To Acquire Supplement Maker Thorne for $680M
Thorne, which makes wellness supplements and at-home health tests, will become a privately held company once the deal closes.
Forme Touts ‘Transformational’ Plan To Acquire Connected Fitness Biz
Forme, which is struggling post-IPO, announced a non-binding letter of intent to acquire an unnamed connected fitness equipment business.
F45 Stock Suspended as Delisting Proceedings Begin
The financially troubled functional fitness franchise recently announced its intention to delist and deregister its stock from the NYSE.
Life Time Earns Credit Rating Boost Amid Revenue, Membership Growth
Life Time announced that Moody's Investor Service has upgraded its issuer credit rating to a B3 from B2 thanks to improved financial performance.
Peloton Shares Dive After Q4 Subscription Drop & Recall Issues
Seat post recall costs and a decline in subscriptions have painted a grim picture for Peloton despite its rebranding efforts.
Gympass Hits $2.4B Valuation After Latest Funding Round
Gympass, a top corporate wellness platform, now has over 15,000 customers and two million employee subscribers.
Viome Raises $87M for Microbiome Test Kits, Inks Deal With CVS
Viome uses AI and algorithms to give consumers personalized health recommendations based on their microbial gene expressions.
The Little Gym Signs Franchise Deal, Acquires 7 New Locations
As part of its growth strategy, The Little Gym has partnered with investors to acquire gyms in North Carolina, South Carolina and Tennessee.
Can Echelon Buck Industry Trends With its New Connected Strength Machine?
As Peloton and Lululemon pivot to content, Echelon’s CEO says the Strength Pro is the best connected fitness machine in the market.
