Peloton

• Peloton cuts 15% of its global workforce, CEO steps down

  Peloton CEO Barry McCarthy is stepping down, the company said on Thursday as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand.

  World

  May 2
  
• ‘Immediately stop using’: Peloton recalls over 2 million exercise bikes in the U.S.

  Peloton was alerted to 35 instances where a seat post broke or detached out of the 2,160,000 units sold in the U.S. between January 2018 and May 2023.

  Trending

  May 11, 2023
  
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• Lululemon settles lawsuit against Peloton over alleged patent infringement

  A notice of voluntary dismissal filed in a California court today says the companies have negotiated a "mutually agreeable settlement" of the trademark dispute.

  Consumer

  Sep 30, 2022
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• Once a pandemic darling, Peloton shares tumble with demand

  Like many stay-at-home winners, the fitness equipment maker is grappling with plummeting demand.

  Money

  May 10, 2022
• Peloton to cut jobs, replace CEO as pandemic fortunes fade

  Peloton's co-founder, John Foley, will step down as CEO and will become the executive chair, the company said.

  Money

  Feb 8, 2022
• Lululemon-Peloton lawsuit shines light on challenges of proving design infringement

  The Lululemon-Peloton case shines a spotlight on the cutthroat realm of fashion and the fine line between inspiration and imitation.

  Money

  Dec 6, 2021
• Lululemon sues Peloton for selling ‘copy-cat products’

  Lululemon claims in court documents that Peloton is selling "knock-off" Lululemon bras and leggings, infringing on multiple design patents.

  Money

  Nov 30, 2021
• Peloton expects $165M in revenue loss this quarter due to treadmill recall

  The company agreed on Wednesday to recall about 125,000 of its Tread+ treadmills after the machine was linked to the death of one child and the injuries of 29 others.

  News

  May 6, 2021
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• Peloton recalls treadmills after child’s death, other injuries

  The recalls affect more than 100,000 treadmills in the U.S. and some in Canada.

  Trending

  May 5, 2021
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• Child dies after ‘tragic accident’ involving Peloton treadmill

  Peloton CEO John Foley announced the death in an email to owners.

  Trending

  Mar 18, 2021