In today’s top news, Ripple said it faces a lawsuit from the SEC over the sale of unlicensed securities and Peloton has acquired fitness equipment provider Precor. Plus, a survey from the Federal Reserve Bank of New York found that the consumer credit market took...
Fitness equipment maker Tempo, whose home workout systems retail for nearly $2,000, has seen its valuation hit $250 million amid a massive surge in interest as the pandemic shut down brick-and-mortar gyms. The San Francisco company just raised $60 million in venture funding that the...
Connected fitness has a sparring partner, courtesy of a new direct-to-consumer (DTC) company called Liteboxer. It has an innovative product, proven management and a business model that rivals other connected products, including Peloton. And its founders think it might retire that big heavy punching bag...
In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for an impressive $500 million. The deal comes as the global pandemic has shut down gyms nationwide, leaving U.S. consumers finding...
July 01, 2020
In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for an impressive $500 million. The deal comes as the global pandemic has shut down gyms nationwide, leaving U.S. consumers finding ways to digitally transplant their gym workouts into their homes […]
May 20, 2020
San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported, the pandemic has created new opportunities for the exercise equipment industry. According to a Bloomberg report, Tonal is in talks with investors for […]
March 09, 2020
SoulCycle is gearing up to release its own at-home bike that could compete with rival Peloton, after teasing the product last summer, according to reports. The fitness company’s product looks...
