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The company changed its name from Nautilus, Inc. to BowFlex Inc. [8] and refreshed the BowFlex® brand identity [9] in 2023. In March 2024, BowFlex declared Chapter 11 bankruptcy, citing poor post-COVID sales for its collapse. Taiwan-based Johnson Health Tech soon announced that it would acquire all of BowFlex's assets for $37.5 million. [10] [11]
Peloton isn’t the only at-home exercise equipment company feeling the pain: BowFlex is too, announcing Tuesday that it has filed for bankruptcy.. The nearly four-decade old company, best known ...
BowFlex is the brand name for cardio and strength fitness training equipment. [ 25 ] [ 12 ] The first BowFlex product, BowFlex 2000X home gym, was created in 1986. [ 12 ] BowFlex products now range from cardio machines, [ 26 ] to adjustable dumbbells [ 27 ] and home gyms. [ 28 ]
The term "pre-pack sale" has been defined by the Association of Business Recovery Professionals as "an arrangement under which the sale of all or part of a company’s business or assets is negotiated with a purchaser prior to the appointment of an administrator, and the administrator effects the sale immediately on, or shortly after, his appointment". [1]
Bowflex, a top-rated brand in fitness equipment, is majorly discounting products for their President's Day sale. Don't miss your chance to score big on some of the best home gym equipment on the ...
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
Best Products – filed for bankruptcy for the second time in September 1996 [33] [34] and closed all of its stores by the following February [35] [36] Brendle's – became bankrupt and liquidated in 1996 [37] [38] Consumers Distributing – sought bankruptcy protection in 1996; Ellman's – acquired by Service Merchandise in 1985 [39] [40]
If sales exceed that, Hilco gets to keep the first $3.3 million, and it can keep up 75% of any additional sales. Asheboro-based Klaussner Furniture Industries closed without warning Aug. 7 after ...