Finance
STRIVE Secures $6M in Funding with Participation from Athlete Investors
With this new funding, STRIVE has now raised a total of $10.5 million since its inception in 2016 & will use funds to...
F45 Training Announces CEO Departure & Cost-Cutting Measures
The interim F45 CEO will be Ben Coates, who has been a member of the company's board of directors since August 2021.
WHOOP Announces 15% Layoffs
WHOOP layoffs come on the heels of at-home fitness gym brand Tonal announcing that it will lay off 35% of its workforce.
Tonal Preps for Possible Recession, Laying Off 35% of Workforce
In addition to the layoffs, Tonal will also focus on reducing advertising spending. CEO Orady said his company has already cut back on...
Walla Software Secures $13M, To Assist Boutique Fitness Studios in Navigating ‘New Normal’
Walla Software president & co-founder Laura Munkholm told us, 'A very small percentage of women-owned companies ever get to this stage...
Peloton Transitions to Third-Party Manufacturing
Peloton described the transition to third party manufacturing as a natural progression in its ongoing strategy.
EQUINOX Facing Three Class Action Suits – Claims of Wage & Labor Law Violations
The Equinox class action lawsuits were certified by William H. Orrick, a federal judge in California. This is not the first time...
Report: Peloton’s Planned Comeback Includes Cash Bonuses for Employees
Peloton CPO Shari Eaton said such plans are being implemented so that Peloton employees can benefit during the company's comeback,
Mondelez International Acquires Clif Bar & Co. for $2.9B
Mondelez bought Clif Bar & Company for $2.9 billion, increasing its snack bar business to more than $1 billion
Cara Care Raises $7M Series A Funding Round Led by J&J & Asabys
Cara Care will use the Series A funding to expand the market launch of its mobile companion app for people with digestive health issues.
