Business
Peloton Announces Peloton For Business, Offering Full-Service Well-Being Solutions for B2B Clients
On the heels of its brand relaunch, Peloton introduces new B2B offering designed to meet customers anywhere and anytime NEW YORK, Aug. 17, 2023 /PRNewswire/
About this update from Peloton Interactive, Inc.
[{"type":"text","content":"On the heels of its brand relaunch, Peloton introduces new B2B offering designed to meet customers anywhere and anytime \nNEW YORK, Aug. 17, 2023 /PRNewswire/ -- Today Peloton (NASDAQ: PTON) announced the launch of Peloton for Business, a unified portfolio of B2B wellbeing solutions for enterprise clients, offered across seven key verticals: Hospitality, Corporate Wellness, Multi-Family Residential, Education, Healthcare, Gyms and Community Wellness. A first-of-its-kind in B2B fitness and wellness, the full-service offering includes a range of equipment and content-based solutions, delivering on Peloton's commitment to empower anyone, anywhere, anytime.\n\n \n \n \n \n \n \n\n \nIn order to provide access to Peloton's award-winning classes for mind and body, Peloton for Business products and services offered include:\n● Commercial Bike: Access to a Peloton Bike that allows an unlimited number of users to ride at no charge to them, in hotels, multi-family residential gyms, corporate office gyms, campus recreation centers, and community wellness gyms.\n● Employee Benefit: Access to the Peloton App, preferred pricing on Peloton equipment, unique corporate engagement experiences, and an inclusive community, all through one employee benefit.\n● Partner Offers: Access to enterprise-level partnerships that deliver exclusive programming and offers for the audiences of partner brands and organizations.\nThis new approach streamlines and strengthens Peloton's existing B2B services, for which it was already seeing success. In the last 12 months alone, there have been more than 7.5 million rides taken on Peloton Bikes in commercial settings globally. Additionally, Peloton saw industry-high retention rates among enterprises that offer team members the Peloton Corporate Wellness benefit, with more than 93 percent of clients renewing year over year.\nReinforcing its commitment to the B2B marketplace as a strategic growth driver for the business, Peloton has created a leadership role that will oversee this function. Greg Hybl, a leader with more than 20 years in the strategic partnership, commercial, and business development spaces, has been appointed Senior Vice President and General Manager of Peloton for Business. Hybl joins Peloton from American Express where he led a team responsible for strategic partnerships.\n\"I'm thrilled to be joinin...