Precor partners with Spia Cycling Inc. on a strategic deal to expand gobal distribution of Stages Cycling products.
The speculation of a private equity buyout offers some potential light at the end of the tunnel in what's been a rough few years for Peloton.
Stages Cycling has reportedly laid off its staff and may soon cease operations as it contends with decreased demand and supply chain issues.
The cycling equipment manufacturer will leverage the vast Precor network to bring its equipment to new consumers and markets.
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