financetom
Business
financetom
/
Business
/
Peloton Acquires Pilates Startup Skop in Wellness Expansion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Peloton Acquires Pilates Startup Skop in Wellness Expansion
Jun 4, 2026 4:10 PM

06:54 PM EDT, 06/04/2026 (MT Newswires) -- Peloton Interactive ( PTON ) acquired Pilates-focused startup Skop as part of a broader effort to expand its fitness offerings and attract new users, Bloomberg reported.

The deal is aimed at bolstering Peloton's strength-training category, with Skop bringing technology that could help track user form during workouts, the report added.

Peloton said engagement with its existing Pilates content rose 48% year-over-year in the third quarter.

Financial terms were not disclosed, the report said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ahold Delhaize to close underperforming US Stop & Shop stores
Ahold Delhaize to close underperforming US Stop & Shop stores
May 23, 2024
(Reuters) - Supermarket group Ahold Delhaize said on Thursday it will close an undisclosed number of underperforming Stop & Shop grocery stores in the U.S. this year. Ahold Delhaize declined to disclose the number of shops affected, saying it would do so later in the year. Stop & Shop has already evaluated its overall portfolio and will make difficult decisions...
Heico's Recent Stock Strength Reflects Improving Margins, RBC Capital Markets Says
Heico's Recent Stock Strength Reflects Improving Margins, RBC Capital Markets Says
May 23, 2024
01:50 PM EDT, 05/23/2024 (MT Newswires) -- Heico's ( HEI ) recent stock strength reflects an improving outlook for margins in the company's electronic technologies group and continued upside potential in the flight support group's growth and margins, RBC Capital Markets said in a note emailed Thursday. These are expected to provide positive catalysts for the stock, which has continued...
HSBC's New York attendance jumps to 80% at new office
HSBC's New York attendance jumps to 80% at new office
May 23, 2024
NEW YORK (Reuters) - HSBC's ( HSBC ) employee attendance has jumped to 80% at its new office in New York's Hudson Yards area, said Michael Roberts, CEO of HSBC ( HSBC ) in the USA and the Americas, on Thursday. Attendance was 40% before the pandemic at its former base in Bryant Park, Roberts said at an opening ceremony...
--Goldman Sachs Mistakenly Received $470 Million From Archegos During Collapse, Bloomberg Reports
--Goldman Sachs Mistakenly Received $470 Million From Archegos During Collapse, Bloomberg Reports
May 23, 2024
01:47 PM EDT, 05/23/2024 (MT Newswires) -- Price: 460.55, Change: -1.83, Percent Change: -0.40 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved