Vancouver-based "athleisure" brand Lululemon has agreed to terms with American exercise bike company Peloton after negotiating a "mutually agreeable settlement" in the patent dispute, according to a notice of voluntary dismissal filed in a California district court on Friday.
"Instead, Peloton imitated several of Lululemon's innovative designs and sold knock-offs of Lululemon's products, claiming them as its own.".
Court documents show that the dispute dates back to a 2016 co-branding deal that allowed Peloton to put its logo alongside Lululemon's on certain Lululemon products that were sold through Peloton stores.
In its own court filings, Peloton claimed the arrangement was "burdensome and time-intensive," leading the company to end the partnership and develop "its own private label brand of fitness apparel.".
Lululemon, in turn, claimed that Peloton had simply imitated some of its garments.
Instead, Peloton filed its own lawsuit in the Southern District of New York, alleging that Lululemon was making "baseless threats" and asking a judge to pre-emptively declare that Peloton had done nothing wrong.
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