Milon Industries will start the next year under fresh leadership and with an expanded product range due to the acquisition of Five-Konzept, the German brand of stretching equipment. The two brands have already been working closely together for...
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Formerly marketing director for Spotify in Europe, Martin Richter has been appointed as country manager for Peloton in Germany, to lead the interactive indoor cycling brand’s expansion into the country last week. The U.S. brand of interactive...
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Peloton Interactive has acquired Tonic Fitness Technology from Taiwan for $47.4 million in cash, as a means to get a tighter grip on its supply chain. Peloton announced the purchase as it reported higher sales and smaller losses for the quarter...
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Technogym’s much-awaited smart home bike was launched in Italy today for €2,950, in conjunction with content subscriptions starting from €29 per month. The Technogym Bike is the first product to connect with Technogym Live, a digital...
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Trustees have been appointed for Kettler after the German fitness equipment maker was unable to put together a restructuring plan under its own administration, and it was decided to shut down production. Georg Kreplin, the appointed trustee from...
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Fitness Park in France, Go Fit in Spain and Nordic Wellness in Sweden are some of the fitness club operators that have supported brisk European expansion for InBody in the last two years – and more structural investments are underway for the...
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An updated prospectus filed by Peloton Interactive last week indicates that the supplier of connected home fitness equipment is targeting a valuation of up to $8.2 billion in its initial public offering (IPO). The company said it expects to offer...
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Daniel Sprung has become vice president and managing director for Precor in Europe, the Middle East and Africa (EMEA), amid a return to double-digit expansion for the fitness gear maker. Sprung was previously country manager in the...
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Just a few days after it finalised the acquisition of Life Fitness, KPS Capital Partners has appointed Chris Clawson to return as chief executive of the fitness equipment company, taking over from Jason Worthy. As president of Life Fitness for...
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The disruption caused by digital fitness platforms has been the talk of the industry for several years, but the stock market could put a clearer value on it in the months ahead, since Peloton Interactive is heading for a much-hyped initial public...
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