Peloton has launched a “Corporate Wellness” program, allowing firms to offer reduced rate subscriptions and equipment to their staff. The exercise equipment maker is aiming to ensure continued growth now that its recall and supply chain woes are passing. U.S. seaborne imports linked to the firm rose by 37.5% in the three months to May 31 versus the prior three month period and hit a record high in the month of May alone. That outpaced its recently acquired subsidiary Precor which grew by 21.5%, while shipments linked to ICON Fitness fell 15.9% after an earlier surge.
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