Brief: Peloton Exits Owned-Manufacturing, Expands Partnership With Taiwanese Manufacturer Rexon

Rexon Industrial

12/07/2022 11:33

July 12 (Reuters) - Peloton Interactive Inc  PTON.O :
    * PELOTON EXITS OWNED-MANUFACTURING AND EXPANDS PARTNERSHIP
WITH
LEADING TAIWANESE MANUFACTURER REXON
    * PELOTON INTERACTIVE - TRANSITION TO THIRD-PARTY
MANUFACTURING IS
LATEST STEP BY PELOTON TO SIMPLIFY ITS SUPPLY CHAIN AND OPTIMIZE
ITS COST STRUCTURE
    * PELOTON INTERACTIVE INC - REXON WILL BECOME PRIMARY
MANUFACTURER
OF HARDWARE FOR PELOTON'S ICONIC BIKE AND TREAD PRODUCT LINES
    * PELOTON INTERACTIVE INC - PELOTON WILL BE SUSPENDING
OPERATIONS
AT ITS TONIC FITNESS TECHNOLOGY, INC. FACILITY THROUGH REMAINDER
OF 2022
    * PELOTON INTERACTIVE INC - PLAN TO MAINTAIN A SIGNIFICANT
CORPORATE AND MANUFACTURING PRESENCE IN TAIWAN
    * PELOTON INTERACTIVE INC - EXPANDING ITS CURRENT
RELATIONSHIP
WITH TAIWANESE MANUFACTURER REXON INDUSTRIAL CORP

Source text for Eikon:  ID:nPn4zqtHGa 
Further company coverage:  PTON.O 

 ((Reuters.Briefs@thomsonreuters.com;))