Peloton Struggles as Q3 Losses Exceed Expectations, Revenue Forecast Revised Upwards Peloton, the leading fitness company known for its innovative exercise equipment and virtual classes, recently faced a significant setback as its shares took a nosedive following the announcement of larger-than-expected losses in the third quarter. The company revealed that it now anticipates its revenue […]
Exclusive: Inside Adidas’ Running Strategy
Exclusive: Inside Adidas’ Running Strategy Adidas, a powerhouse in the sports apparel industry, has recently unveiled its latest marvel in running technology – the Adizero Adios Pro Evo 2. This supershoe is not just a product; it represents Adidas’ commitment to innovation and excellence in the world of running. With this new release, the company […]
Buyout Firm L Catterton to Acquire Majority Stake in Pilates Chain Solidcore
In a significant move within the fitness industry, L Catterton, the private equity firm associated with the luxury goods conglomerate LVMH, has agreed to acquire a majority stake in Solidcore, the popular Pilates studio operator. This acquisition underscores investors’ continued interest in wellness and fitness as lucrative sectors, particularly post-pandemic. The acquisition deal, announced recently, […]