Live news: Lululemon and Peloton team up, breathing life into struggling fitness company's shares

📆 28/09/2023 12:07:00
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The Financial Post brings you the top business stories as they happen for September 28, 2023. Read on for breaking news you need to know.

Activate your Online Access NowThe deal will make Vancouver-based Lululemon the primary athletic apparel partner of Peloton, while New York-based Peloton will be the exclusive digital fitness content provider to Lululemon.

The deal comes as Lululemon moves to discontinue selling its digital fitness screen called the Studio Mirror and wind down its digital app-only membership. Evergrande is the world’s most heavily indebted real estate developer and is at the centre of a property market crisis that is dragging on China’s economic growth.

WIT oil briefly surged to US$95 a barrel yesterday, its highest price since August last year, before paring gains. It was trading at US$93.45 this morning.

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