Peloton Activist Investor Calls for Sale
April 13, 2022
Two months ago, Peloton bowed to shareholder pressure and removed John Foley as CEO. Now, an activist investor is agitating for a bigger change.
Blackwells Capital renewed its call for Peloton to be sold, saying that the connected fitness giant cannot effectively reverse its slide as a public company. Blackwells first called for a sale and Foley’s ouster in January after taking a stake under 5%. Front Office Sports