Both of Peloton’s co-founders are leaving the company.
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September 13, 2022

News

Peloton Co-founder John Foley Exits Peloton Board

In addition to John Foley’s immediate departure, Hisao Kushi, the other co-founder of Peloton, will leave on Oct. 3. The company also shared that it may face fines from the Consumer Product Safety Commission related to alleged violations of federal safety laws.

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Life Time Completes Latest Sale-Leaseback Deal for $200 Million

So far this year, the company has gained $375 million in gross proceeds from nine sale-leaseback deals and is evaluating more opportunities. The proceeds are being used to pay down debt and fund growth.

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Empathetic Leaders vs. Compassionate Leaders: Why Your Bottom Line Requires You to Be the Latter

Your fitness business's revenue is impacted by your leadership style. Businesses with a compassionate leader create greater connections and loyalty. Donato Tramuto will share more on this topic in his inspirational keynote address at the Club Industry Executive Summit Oct. 17-19 in Chicago. But get a jump start by celebrating Compassionate Leadership Week this week.

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From Club Industry

Feeling Alone at the Top? Join These Fitness Leaders for Connection, Community, Insights

You are not alone in your uncertainty about where to go next with your fitness business. More than 40 fitness industry leaders are on hand to help you through the coming year. You just have to make the commitment to join them.

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Technology and the Fitness Industry Today

Club Industry’s latest free report shares insights from some technology experts and industry suppliers about how technology is revolutionizing the fitness business.

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