McGill says pro-Palestinian protest outside senior administrator's home 'crosses the line'
McGill University has denounced a pro-Palestinian protest held Sunday outside the home of one of its senior administrators.
Peloton and Lululemon, former foes, are teaming up together.
The fitness companies announced a five-year "strategic global partnership," which involves Lululemon ditching its Mirror fitness hardware and Peloton reducing production of its private-label line of fitness clothing. Financial terms of the deal weren't disclosed.
Beginning next month, Lululemon will become the primary maker of Peloton-branded fitness clothing, meaning Peloton will drastically reduce the number of its own clothing that it makes in-house. The clothing line sparked a lawsuit between the companies with Lululemon accusing Peloton of creating "copycat products." The two companies settled the lawsuit last year.
The new clothing line will be sold online and at Peloton studios beginning October 11.
In return, Lululemon will stop selling its US$995 Mirror fitness device by the end of the year and soon end producing its own Peloton-like fitness classes. In the next few months, Peloton's streaming fitness classes will be available in the "Lululemon Studio" app for subscribers. Lululemon relaunched the app about a year ago as a Peloton rival, giving subscribers streaming classes from trendy fitness studios, like celebrity favourites AARMY and Dogpound.
Mirror has been a sore spot for Lululemon since its purchase during the height of the Covid-19 pandemic in 2020. The US$500 million acquisition was written off earlier this year, essentially becoming worthless, and forced Lululemon to search for strategic alternatives to the device. A last-ditch effort in 2022 to cut its price and broaden its appeal with new fitness classes seemingly failed to generate interest from consumers.
"By bringing together the best in fitness content with the best in athletic apparel, we'll give our communities one-of-a-kind experiences and special content that will inspire them to achieve their goals," said Dion Camp Sanders, Peloton's chief emerging business officer, in a press release.
The partnership stems from both companies realizing that "dabbling in areas outside of their core competencies was not yielding results," according to Neil Saunders, a retail analyst for GlobalData.
"Peloton's push into apparel was a failure as the selection was weak and looked incredibly lackluster in stores. The company was not doing sufficient volume to justify the operation," Saunders told CNN. "Lululemon's Mirror device was a flop because it was too expensive and too complex."
"The partnership is beneficial for both firms, but Peloton arguably needs it more as it is still on very shaky ground financially," he added.
Shares of Peloton (PTON) rose about 7 per cent in midday trading Thursday, while Lululemon (LULU) stock was flat.
McGill University has denounced a pro-Palestinian protest held Sunday outside the home of one of its senior administrators.
If you've been to a party lately and haven't seen someone drinking a BORG, you're likely not partying with college students.
Singapore Airlines will reward its employees with a bonus worth nearly eight months of salary, a person familiar with the matter told CNN on Friday.
Katy Perry said her goodbyes on 'American Idol' after seven seasons. On Sunday night’s live 'idol' season finale, a medley of Perry's hit songs were performed, including 'Teenage Dream,' 'Dark Horse' and 'California Gurls.'
U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday.
A federal judge will reopen the sentencing hearing for the man who broke into Nancy Pelosi's San Francisco home and bludgeoned her husband with a hammer after the judge failed to allow him to speak during his court appearance last week.
The U.S. Supreme Court on Monday rejected an appeal by a Canadian-born former Guantanamo detainee who was seeking to wipe away his war crimes convictions, including for killing a U.S. soldier in Afghanistan.
Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer and help figure out what you want to do next.
A 35-year-old woman is in critical condition after the pick-up truck she was driving was struck by a Via Rail passenger train Monday morning in Quebec's Monteregie region.
A sanctuary dedicated to animals with disabilities is celebrating the third birthday of one of its most popular residents.
Catching 'em all with impressive speed, a 7-year-old boy from Windsor, Ont. who only started his competitive Pokémon journey seven months ago has already levelled up to compete at a world championship level.
2b Theatre recently moved into the old Video Difference building, seeking to transform it into an artistic hub, meeting space, and temporary housing unit for visiting performers in Halifax.
A B.C. woman says her service dog pulled her from a lake moments before she had a seizure, saving her life.
A Starbucks fan — whose name is Winter — is visiting Canada on a purposeful journey that began with a random idea at one of the coffee chain's stores in Texas.
Members of Piapot First Nation, students from the University of Winnipeg and various other professionals are learning new techniques that will hopefully be used for ground searches of potential unmarked grave sites in the future.
ALS patient Mathew Brown said he’s hopeful for future ALS patients after news this week of research at Western University of a potential cure for ALS.
When Adam Kirschner wrote 'Slap Shot,' he never imagined the song would be embraced by his favourite team.
A team is ready to help an entangled North Atlantic right whale in the Gulf of St. Lawrence.