Uncategorized
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January 27, 2023
Giant Group buys minority share in Stages Cycling in $20 million deal
Giant Group has made a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange. According to the announcement in Taiwan, on Jan. 20 Giant's board approved the purchase of 32.5% of Stages Cycling Inc. common stock for...
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January 5, 2023
Peloton fined $19 million for dropping the ball on Tread Plus safety issues
Peloton is starting off 2023 with a $19 million fine. According to the US Consumer Product Safety Commission, the company has agreed to pay the civil penalty to settle charges that the company knowingly failed to immediately report safety issues with its recalled Tread Plus. Peloton continued to sell 38 Tread...
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November 15, 2022
Amazon gets back into the virtual care space with the launch of Amazon Clinic
Amazon announced the launch of Amazon Clinic, which it calls, "a virtual health storefront, bringing together clinical offerings from national, award-winning telehealth providers." With Amazon Clinic, customers are able to select the third-party telehealth provider that best meets their timeline and budget, then connect directly with a licensed clinician. Vator
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October 26, 2022
Kanye West Peloton Swears Off His Music …For All Future Classes
Kanye West is persona non grata for Peloton -- the exercise company is banning his music from any new future classes. The statement comes on the heels of Peloton's Alex Toussaint -- a popular cycling instructor -- declaring he would not be playing Ye's tunes during any of his classes. Toussaint...
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October 9, 2022
New Study Strengthens the Link Between Exercise and Memory
Experts have long known that fitness is good for the brain. A recent paper connects different types of workouts with assorted improvements in memory. NYT (paywall)
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October 7, 2022
Pacific Cycle reduces North American workforce
Pon's Pacific Cycle has reduced its North American workforce in an attempt to restructure operations in response to what it called "challenging economic conditions in the retail mass market segment." A Pacific Cycle spokesperson said that the layoffs affected less than 10% of the workforce but did not give a...
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September 8, 2022
This Runner Couldn’t Find the Right Shoes for Races, So She Launched Her Own Women’s-Focused Brand
Hilma, was founded by Brooke Torres in 2019, when she could not find running shoes that fit her properly. Torres was disappointed with the one-fit shoes that were on the market, as well as the exclusion of women from product development in women’s running shoes and fits created off the...
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August 29, 2022
TRX Acquired By Founder In Bankruptcy Proceedings
TRX, which filed for bankruptcy in June to pursue a sale, announced that its founder and former CEO, Randy Hetrick, and partner, Jack Daly, have acquired the fitness brand. Hetrick founded TRX in 2004 after inventing the Suspension Trainer as a SEAL team squadron commander and will now lead the...
