Peloton Interactive on Wednesday faced another call to sell itself from activist investor Blackwell Capital. The firm argues that there have been no significant changes under Barry McCarthy, its CEO since early February. Blackwells, which owns less than 5% of the fitness company, said issues like cost structure, inventory management, and quality control continue to plague it even after McCarthy’s assignment, leading to shareholders losing almost $2 billion in value. Read More...
Peloton Interactive on Wednesday faced another call to sell itself from activist investor Blackwell Capital. The firm argues that there have been no significant changes under Barry McCarthy, its CEO since early February. Blackwells, which owns less than 5% of the fitness company, said issues like cost structure, inventory management, and quality control continue to plague it even after McCarthy’s assignment, leading to shareholders losing almost $2 billion in value.
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