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Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership

RTTNews | Pred 1104 dňami

Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership

(RTTNews) - Interactive fitness platform Peloton Interactive, Inc. (PTON) announced Tuesday it is exiting all owned-manufacturing operations and expanding its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp.

The company said the shift is a natural progression in Peloton's strategy to simplify its supply chain and focus on technology and best-in-class content to continue driving the business forward as the leading global Connected Fitness company.

Rexon will become the primary manufacturer of the hardware for Peloton's iconic Bike and Tread product lines.

Along with the expanded partnership with Rexon, Peloton will suspend operations at its Tonic Fitness Technology, Inc. facility through the remainder of 2022. The Company acquired Tonic in October 2019.

Značky: PTON

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Peloton To Slash Another 500 Jobs: Reports

Peloton To Slash Another 500 Jobs: Reports

Fitness equipment maker Peloton Interactive, Inc. (PTON) is reportedly planning to cut about 500 jobs or 12 percent of its remaining workforce. This will be the company's fourth round of layoffs this year as it struggles to return to profit.

RTTNews | Pred 1018 dňami

Singapore Shares Overdue For Consolidation

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The Singapore stock market has moved higher in 10 straight sessions, improving more than 170 points or 4.3 percent along the way. The Straits Times Index now rests just beneath the 4,190-point plateau although it's likely to see profit taking on Monday.

RTTNews | Pred 13 minútami

Malaysia Stock Market May Spin Its Wheels On Monday

Malaysia Stock Market May Spin Its Wheels On Monday

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although investors may cash in on Monday.

RTTNews | Pred 43 minútami

Thai Bourse May Slip Back Beneath 1,200 Points On Monday

Thai Bourse May Slip Back Beneath 1,200 Points On Monday

The Thai stock market has tracked higher in two straight sessions, advancing almost 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,205-point plateau although it may see a downward correction on Monday.

RTTNews | Pred 49 minútami

KOSPI May Remain Stuck In Neutral On Monday

KOSPI May Remain Stuck In Neutral On Monday

The South Korea stock market has moved lower in two of three days since the end of the two-day winning streak in which it had climbed almost 40 points or 1.2 percent. The KOSPI sits just beneath the 3,190-point plateau and it figures to remain in that neighborhood again on Monday.

RTTNews | Pred 1 h 13 min

New Zealand Annual Inflation Climbs 2.7% In Q2

New Zealand Annual Inflation Climbs 2.7% In Q2

Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.

RTTNews | Pred 1 h 18 min

New Zealand Inflation Data Due On Monday

New Zealand Inflation Data Due On Monday

New Zealand will on Monday release Q2 figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.

RTTNews | Pred 2 h 13 min

Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc advanced against its major counterparts in the New York session on Friday.

RTTNews | Pred 2 dňami

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