Business

Peloton: Fitness start-up seeks to raise $1.3bn in market debut

Image copyright Getty Images Fitness start-up Peloton plans to raise up to $1.3bn (£1.1bn) in an initial public offering, the latest loss-making firm gearing up for its market debut. The US company sells expensive stationary bikes and provides on-demand workout sessions. Peloton said it would price shares at up to $29, giving it a potential

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Victoria’s Secret boss ’embarrassed’ by Jeffrey Epstein ties

Image copyright Getty Images Image caption L Brands chief executive Les Wexner The head of Victoria’s Secret has told investors he is “embarrassed” by his long friendship with the late US financier Jeffrey Epstein. The remarks were the latest effort by L Brands boss Les Wexner to distance himself from Mr Epstein, who died in

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