Peloton’s archrival – maker of NordicTrack bikes – faces crippling lawsuit
January 26, 2022
The maker of NordicTrack exercise bikes has been slapped with a $300 million lawsuit that threatens to force the company toward bankruptcy, The Post has learned.
iFIT Health & Fitness – which scrapped plans to go public in October after archrival Peloton revealed pandemic-driven demand for exercise bikes was tanking — has been sued by a key lender over a deal the company has quietly cut to acquire a manufacturing partner, according to an explosive lawsuit. New York Post