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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 ...
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]
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]
Small business owners face severe penalties if they don't report to the federal government by year's end. Thousands of businesses may not realize they are subject to a new reporting process ...
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Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
If you want a more comprehensive set-up and are willing to splurge a bit, Bowflex's home gym system is currently $100 off. It has more than 25 exercises to workout your entire body with 200 pounds ...