All Peloton articles – Page 5
-
Article
In a switch, Peloton recalls its treadmills
Acting in conjunction with the U.S. Consumer Product Safety Commission (CPSC) and after refusing last month to do so, Peloton Interactive has issued separate product recalls for its Tread+ and Tread treadmills, of which about 125,000 have been sold so far. The affair stems from the death, on March ...
-
News briefs
Peloton is hit by a class action suit
The shareholders of Peloton Interactive are being asked to participate in a common class action suit against the company, accusing it and its top executives of violating federal securities laws in connection with the death on March 17 of a child trapped under one of the company’s Tread+ home treadmills. ...
-
News briefs
Peloton says its Tread+ treadmill is safe
Peloton has issued a statement to refute the claims by the U.S. Consumer Product Safety Commission (CPSC) about the safety of the Peloton Tread+ treadmill following a series of incidents with the equipment. A child died in March while using the Tread+, as previously reported by SGI Europe. Peloton said ...
-
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 ...
-
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 ...
-
News briefs
Peloton wins fees in a sordid patent case
A U.S. court has awarded $4,299,163 to Peloton Interactive to cover attorneys’ fees and other expenses it incurred in a sordid patent infringement suit brought in 2016 by VR Optics. The whole thing started when Peloton hired the Villency Design Group (VDG) in 2012 to design its well-known interactive stationary ...
-
News briefs
Peloton completes the acquisition of Precor
Peloton Interactive has completed its acquisition of Precor, the American producer of fitness equipment that was part of Amer Sports until the Anta-led consortium agreed to divest it last December for a price of $420 million in cash, with adjustments for working capital, transaction expenses, cash and debt. In announcing ...
-
ArticleSporting goods industry stocks rose by 10.9% in Q1 2021
Confirming the resilience of our industry, the average stock market value of 38 selected public companies in the sporting goods sector advanced by 10.9 percent in the first three months of 2021. Comparatively, the main stock indices grew by only between 2.4 percent and 8.5 percent over the period.
-
News briefs
Peloton makes new acquisitions, moves into Australia
Peloton has announced the completion of three new acquisitions: Aiquido, a company that has developed an AI-power digital voice assistant; Atlas Wearables, a producer of fitness-centered smartwatches; and Otari, the developer of an interactive workout mat with an attached LCD screen. In another new initiative, it announced earlier this month ...
-
News briefs
New video series by Adidas shares empowering stories from women
Adidas has already indicated that it is focusing on women in many different ways as part of its new strategic development program. An all-new video series by Adidas, titled “Taking 5,” features the stories of women in sports who share their personal insights and encourage more women to trust in ...
-
News briefs
Peloton reveals a child's death in a treadmill-related accident
Peloton Interactive revealed on its website that a child was killed in an accident involving its Tread+ treadmill. The company reiterated a safety warning about the potential risks for children from accidents involving treadmills after a child was killed in a “tragic accident” involving the firm’s exercise equipment. Just ...
-
News briefsAdidas and Peloton collaborate on apparel
As expected, Adidas has announced the launch of a line of apparel with Peloton on March 25. The Adidas x Peloton spring/summer 2021 collection – designed in collaboration with the Peloton instructors Ally Love, Robin Arzón and Cody Rigsby – is made of tank-tops, tights, shorts, hoodies, T-shirts, crewnecks, sports ...
-
News briefs
Peloton wants Mad Dogg’s Spinning trademarks cancelled
Complaining that Mad Dogg Athletics has been “abusively enforcing” the trademarks it registered in the U.S. for Spin and Spinning, Peloton has asked the Trademark and Appeal Board of the U.S. Patent & Trademark Office (USPTO) to cancel them. Peloton argues that the terms are generic and complains that Mad ...
-
News briefs
Peloton has quickly completed a $1.0 billion bond issue
Peloton Interactive has obtained all the extra funds it wanted. The fast-growing connected fitness company has announced the completion of a convertible bond offer that is generating gross proceeds of $1.0 billion, including an over-allotment option for $125.0 million, which has been exercised faster than planned. The net proceeds of ...
-
Article
Peloton jumps further, plans a bond issue of up to $1 billion
After reporting on another profitable quarter in which its revenues topped the $1 billion threshold, Peloton Interactive announced the launch of a convertible bond issue that may total $1 billion through a private placement intended to reduce any dilution of the shareholders’ current holdings. It will consist of an initial ...
-
Infographics & DataRanking - Global stock market performers 2020
This exclusive chart shows the ranking of the largest listed sporting goods companies in 2020 by market capitalization. The chart can be downloaded in JPG, PNG or PDF format. This is exclusive data for Premium Members.
-
ArticlePeloton prepares to acquire Precor
Peloton Interactive has entered into an agreement to acquire Precor, the American producer of fitness equipment products, for $420 million. Precor, which last reported a turnover of close to $450 million in 2018, is a unit of Amer Sports, which has been taken over by a consortium that includes Anta ...
-
News briefs
Peloton faces yet another patent infringement lawsuit
Mad Dogg Athletics (MDA), which claims to have pioneered indoor bike spinning in the 1990s, has filed a lawsuit against Peloton Interactive for allegedly infringing on two MDA patents for stationary bikes - U.S. Patent Nos. 9,694,240 (2017) and 10,137,328 (2018) - which were obtained years after Peloton ...
-
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, ...
-
News briefs
Peloton partners with Beyoncé
Peloton, the interactive fitness platform, has announced a new multi-year partnership with Beyoncé for the creation of a series of exercise classes “rooted in music.” Beyoncé is the most requested artist by Peloton’s global community of more than 3.6 million members, Peloton said. The pair have created themed workout classes ...
