Zwift, the global online fitness platform for cyclists and runners, today announced a $450 million minority investment led by leading global investment firm KKR, accompanied by other new investors Permira, Specialized Bicycle Components’ venture capital fund, Zone 5 Ventures and the Amazon Alexa Fund and existing investors including True, Highland Europe, Novator and Causeway Media....
SAN FRANCISCO, CA (September 17th, 2020) — Tonal, the world’s most advanced strength and personal training platform that combines proprietary digital weight, artificial intelligence, and expert-led coaching, today announced $110M in new capital, further establishing itself as the clear leader in connected strength training.
Peloton Interactive Inc. founder John Foley is now a billionaire, thanks to a stunning rally in his home-fitness company’s shares since the pandemic began.
CNBC’s “Squawk on the Street” team discusses the new fitness experience as New York City gyms reopen with Equinox executive chairman Harvey Spevak... WATCH on CNBC
For Peloton, the pandemic has been profitable. The at-home fitness company announced its first-ever quarterly profit, which was bolstered by a 172% surge in sales and more than 1 million people subscribing to its streaming classes. Peloton (PTON) has seen its fortunes soar this year because of... READ MORE @ CNN
There has been a 110% increase in counterfeits in the sports sector during the coronavirus pandemic, according to new research from Red Points. The brand protection company recorded that online sports goods counterfeits had also increased by nearly double the rate of other products during the second quarter of this year.
Xponential names ClassPass the exclusive B2C and B2B aggregator and Corporate Wellness partner for Xponential brands worldwide.
Members of New York Sports Clubs, the fitness chain that warned it’s close to bankruptcy, woke this week to find that an automated monthly charge for dues has been fully reinstated as the gyms partially reopen.
Analysts discuss if the at-home fitness bubble going to burst. Connected fitness companies could see drop in sales...
Peloton Interactive Inc. jumped on Wednesday after JPMorgan said shares of the connected fitness bike maker could reach $105 by December 2021.
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