Shareholder wants Peloton to consider selling the company
Shareholder wants Peloton to consider selling the company
By MICHELLE CHAPMAN
Activist investor Blackwells Capital is asking Peloton to remove CEO John Foley and consider selling the company just a few days after a media report said the exercise and treadmill company was temporarily halting production of its connected fitness products amid waning consumer demand.
In a letter to the board of Peloton Interactive Inc., Blackwells Chief Investment Officer…