All Fitness articles – Page 4
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News briefsXponential Fitness lifts its FY22 revenue guidance
Xponential Fitness, the global franchisor of boutique fitness brands, has elevated its full-year revenue and adjusted Ebitda guidance and re-affirmed its outlook for studio opening and systemwide sales in North America. The California company, whose brand portfolio includes Row House, Pure Barre, and Club Pilates, among others, is forecasting 500 ...
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News briefsPeloton and Echelon settle all pending litigation
Peloton Interactive, Inc. and Echelon have settled all pending litigation between them, Peloton said in a press release on Nov. 8. All pending actions are dismissed. As a result of this global settlement, Echelon has agreed to cease using Peloton’s patented leaderboard technology in on-demand courses. The parties indicated they ...
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News briefsTechnogym posts 14.4% sales growth, with 47.1% increase in North America
Technogym, the Italian specialist in fitness equipment, has seen revenues increase by 17.4 percent, or 14.2 percent at constant currency, to €498,7 million in the first nine months of 2022. Growth was driven by B2C, with segment revenues doubling compared to the pre-pandemic period. The B2B segment also posted strong ...
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ArticlePeloton Interactive’s turnaround remains a work in progress
Peloton Interactive, considerably slimmer following a recent headcount reduction of 500, continues navigating a new course of viability, delivery efficiency and overall profitability under CEO Barry McCarthy. Some progress has been made in recent months, but the company is admittedly not close to any celebratory victory laps or positive free ...
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ArticleGarmin lifts FY EPS outlook, drops sales forecast by 3 percent
For the second consecutive quarter, Garmin has altered its fiscal year 2022 outlook. After lowering its annual revenue forecast by 9 percent to $5 billion in late July, the group is now forecasting FY revenues of $4.85 billion. On the upside, the Swiss company has adjusted its full-year EPS guidance ...
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News briefsErgatta enters Europe
Following its launch in the U.K. and Ireland, the Ergatta Rower will be available in Europe from Oct. 21, first in the DACH region at Waterrower|Nohrd and its brand stores for EUR 2,995.00. New York-based game-based fitness company Ergatta was founded in 2020. To use Ergatta’s software and thus gain ...
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News briefs
McFit founder presumed dead in plane crash
Responders searching for a missing private plane carrying five German passengers off the coast of Costa Rica found two dead bodies in the sea, the Süddeutsche Zeitung reported on Oct. 23, citing the Ministry of Public Security. Earlier, about 28 kilometers from the Limón airport, parts of the fuselage, seats ...
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News briefsWeSports acquires Kraftmark
WeSports has completed its acquisition of Nordic fitness product brand, Kraftmark. Kraftmark will now contribute to the WeSports fitness segment, offering products to commercial gyms, company gyms, and housing association gyms, as well as strengthening WeSports’ consumer product offering. For WeSports, a Stockholm-based group of individual sports, outdoor and mobility ...
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News briefsVuori to enter Asia
U.S. performance apparel brand Vuori, founded in 2015, announced plans to expand into three new Asian markets following this year’s successful entry into Australia and other international markets. According to Retail In Asia, the activewear brand plans to open dedicated e-commerce regions in Hong Kong and Singapore with the brand’s ...
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ArticlePeloton’s ride to breakeven cash flow results in more layoffs
In an effort to continue to drive the business forward and achieve cash flow breakeven by the end of the current FY23, Peloton is laying off more employees. On Oct. 6, the connected fitness company announced another round of job cuts, the fourth in 2022. The latest action – the ...
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ArticleiFIT has a new CEO
U.S.-based global fitness subscription technology company iFIT, Inc. has a new chief executive in Kevin Duffy, effective immediately. His appointment follows the hiring of Dale R. Gerard as chief financial officer and Andy Donkin as chief customer officer in June and August 2022, respectively. The search for a new CEO ...
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News briefsFox Racing enters the performance training category
Fox Racing, the California-based specialist in mountain bike and motocross safety equipment and apparel, has announced the brand’s introduction into the performance training category. The new training collection marks the brand’s first launch off the bike. The new autumn 2022 line will debut with a range of products for all ...
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News briefsGymshark will have a new CFO
U.K.-based activewear brand Gymshark has appointed Mat Dunn as its new chief financial officer. Most recently, Dunn served as Asos’ interim CEO, after the departure of Nick Beighton in late 2021. Also at Asos, Dunn previously served as chief operating officer and chief financial officer. Dunn stepped down from Asos ...
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News briefsPeloton loses the next top executive
After its co-founders, Peloton Interactive also loses its CMO. Dara Treseder has left the company. She was the chief marketing officer of the interactive fitness platform for the last three years. Source: Autodesk On LinkedIn she wrote: „Today, on my birthday, I’m very excited to share ...
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News briefsTherabody announces $165 million growth equity round
Wellness technology firm Therabody has announced the close of its growth equity round with a total financial backing of $165 million. The capital raise, led by private equity firm North Castle Partners, includes existing investors such as Kevin Hart’s HartBeat Ventures and Aaron Rodgers’ Rx3 Ventures. J.P. Morgan served as ...
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News briefsDanish start-up Kollektiv raises €1.5 million in pre-seed funding
Kollektiv, a training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised €1.5 million in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Founded in 2020, Kollektiv is building ...
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News briefs
Tonal seeks to raise $100 million in financing
Bloomberg reported that Tonal Systems is seeking $100 million in financing in a deal that would value the company at $1.9 billion. The home fitness start-up, launched in 2015 and based in San Francisco, has previously raised money from athletes including Serena Williams, LeBron James, Drew Brees and Mike Tyson. ...
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ArticlePeloton’s co-founders Foley and Kushi step down
Peloton Interactive announced that it has accepted the resignations of John Foley as executive chair and Hisao Kushi as chief legal officer, effective Sep. 12, 2022, and Oct. 3, 2022, respectively. Foley co-founded Peloton in 2012 and has built the company into a global interactive fitness platform. After previously serving ...
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News briefsLululemon at Club Pilates studios in Spain
Lululemon has begun distributing its products at the Club Pilates studios in Spain, Palco23 has reported. The Canadian athletic apparel retailer already has similar agreements with Club Pilates in other countries, including the U.K. and U.S. Club Pilates, which is owned by California-based Xponential Fitness, which currently has three studios ...
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News briefsCLMBR rolls out second generation of vertical climbing machine
Source: https://clmbr.com/the-machine CLMBR 2 CLMBR is launching the second iteration of its vertical climbing machine, now available for pre-order. The new generation of CLMBR features a technological upgrade called CLMBR Vision, which allows users to access live, dynamic coaching and feedback while they exercise, including off-machine strength ...
