The deal was announced on Friday and the pilates technology will likely be integrated into the existing Peloton ecosystem.
A MILE. A MINUTE.
The deal was announced on Friday and the pilates technology will likely be integrated into the existing Peloton ecosystem.
Thacker served as CFO and head of data science at Rent the Runway and joins the fitness technology brand amid its ongoing turnaround effort.
The fitness brand reported on Thursday while subscribers are down, profit per subscription has increased in addition to equipment sales.
The brand introduced its Commercial Series on Monday, which is aimed at high traffic gyms after unveiling its partnership with Precor last year.
The fitness brand confirmed that it will trim its staff as part of an ongoing plan to save $100 million by the end of fiscal year 2026.
In an open letter to shareholders, Peter Stern was clear that other forms of workout can coexist alongside the company’s dominant cardio focus.