Exercise equipment company Peloton announced it will no longer be manufacturing its own products, instead opting to partner with Taiwanese corporation Rexon.
TopPeloton announced on Tuesday that it will exit all in-house manufacturing and expand its current relationship with Taiwanese manufacturer Rexon Industrial Corp.
Peloton Interactive Inc. plans to replace its chief executive, cut costs and overhaul its board after a slowdown in demand caused the once-hot bike maker’s value to plummet. The company's Chief Financial Officer Jill Woodworth is stepping down from her role after serving at the fitness equipment giant since 2018.
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