An updated prospectus filed by Peloton Interactive last week indicates that the supplier of connected home fitness equipment is targeting a valuation of up to $8.2 billion in its initial public offering (IPO). The company said it expects to offer...
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Daniel Sprung has become vice president and managing director for Precor in Europe, the Middle East and Africa (EMEA), amid a return to double-digit expansion for the fitness gear maker. Sprung was previously country manager in the...
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Just a few days after it finalised the acquisition of Life Fitness, KPS Capital Partners has appointed Chris Clawson to return as chief executive of the fitness equipment company, taking over from Jason Worthy. As president of Life Fitness for...
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The disruption caused by digital fitness platforms has been the talk of the industry for several years, but the stock market could put a clearer value on it in the months ahead, since Peloton Interactive is heading for a much-hyped initial public...
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Life Fitness wants to lean on the resources of KPS Capital Partners to fix its operations and fuel product innovation, after the private equity firm agreed last week to buy the fitness equipment maker for $490 million in cash. “KPS will help us...
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About 170 jobs should be cut at Kettler, as part of a conditional offer from Lafayette Mittelstand Capital to acquire the German fitness equipment maker out of insolvency proceedings. Lafayette is a private equity firm from Frankfurt specialised...
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Precor could benefit from extra resources in China, its second-largest market, after the supervisory board of the fitness equipment maker’s owner approved an all-cash offer formally issued by a Chinese-led consortium valuing it at €4.6 billion...
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Jason Worthy has been appointed as president of the Life Fitness division at Brunswick Corporation. In a sudden change announced today, the group said Worthy is taking over with immediate effect from Jaime Irick, a former executive from GE Lighting...
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Technogym is developing contents as a means to leverage the reach of its connected platform, the Italian equipment maker said while reporting ample increases in sales and profits for the first half of this year. “The platform will soon be...
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The prospective ownership of Precor has been under intense discussion in the last few days, after Amer Sports suggested that it could study standalone options for its fitness division –and then confirmed that it had been approached with a...
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