All Icon Health & Fitness articles
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ArticleiFit Health & Fitness raises $355 million in capital, names co-presidents
Months after abandoning a $650 million initial public offering due to unfavorable market conditions, iFIT Health & Fitness, formerly known as Icon Health & Fitness and parent of the NordicTrack, Weider and ProForm fitness brands, amongst others, has raised $355 million in capital from L. Catterton, the largest global consumer-focused ...
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ArticleIFIT acquires the Sweat fitness platform
iFIT Health & Fitness, the leading American fitness equipment supplier formerly called Icon Health & Fitness, has acquired Sweat, an Australian-based online fitness training platform for women. According to the Wall Street Journal, which cites “people familiar with the matter,” the acquisition is preparatory to plans for an initial public ...
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News briefsIcon Health & Fitness becomes iFit
Icon Health & Fitness has changed its corporate name to iFit Health & Fitness to assert the value of its proprietary connected fitness platform. In the words of the U.S. company’s founder, chairman and CEO, Scott Watterson, “we are elevating the name of our operating system.” This system channels live ...
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News briefs
Dish sues Peloton, Lululemon and Icon Health & Fitness over streaming technology
Connected fitness remains a hot issue in terms of intellectual property rights. Dish Network Corp. and its Sling TV division are suing Peloton Interactive, Lululemon Athletica and Icon Health & Fitness for allegedly infringing five patents for technology that improves the quality of video content on the internet through multi-bitrate ...
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News briefs
Icon sues Peloton once more
Icon Health & Fitness has filed its fourth suit against Peloton Interactive in the U.S. federal court in Delaware, where two other suits filed last year are still pending. This time, Icon is attacking the Auto Follow feature of Peloton’s new Bike+ model, which automatically adjusts its resistance to match ...
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News briefs
New technology automatically adjusts iFit workouts to the heart rate
Icon Health and Fitness has announced that iFit, the patented connected fitness platform that powers its NordicTrack, ProForm and Freemotion equipment, is about to release the iFit Active Pulse, a new patent-pending technology that allows a member’s heart rate to automatically tailor the treadmill’s speed and incline. The new technology ...
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News briefs
Matrix Fitness will use the iFit platform
Matrix Fitness, the commercial fitness equipment brand owned by Johnson Health Tech (JHT), will equip the touchscreen consoles of its new machines with the iFit connected fitness platform of Icon Health & Fitness. The partnership will give the users of Matrix’ machines access to the iFit library of workouts and ...
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News briefs
Alleging stolen advertising secrets, Peloton countersues Icon
As we already reported, Icon Health and Fitness launched a suit against Peloton Interactive last month, charging that its new and more advanced stationary bike, the Bike+ model, violates patents that the older company has held since the late 1990s. In a suit filed in Wilmington, Delaware, ...
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Article
Icon sues Peloton
After a steady climb over the last six months, Peloton Interactive’s share price took a small hit on the stock exchange after the news yesterday that Icon Health & Fitness had filed a patent infringement suit against it in A federal court in Delaware. At $37.77 billion, Peloton’s market capitalization ...
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ArticleFunding round values Icon Health & Fitness at $7bn
Icon Health & Fitness got a valuation of more than $7 billion in a new $200 million round of financing which, according to Bloomberg, may be followed by a public offering of its shares in 2021. Founded 43 years ago in Utah with Mormon capital, Icon is the parent company ...
