BowFlex Files for Bankruptcy, Prepares for Sale

Key TakeawaysBowFlex Inc. filed for Chapter 11 bankruptcy and agreed to Johnson Health Tech Retail Inc.'s serving as a "stalking horse" bidder as it moves to sell the company. The maker of exercise equipment said it also has secured financing to remain operational and pay its bills as the process moves forward.BowFlex said the post-pandemic environment and persistent macroeconomic challenges led to the decision. Exercise machine maker BowFlex Inc. (BFX) has agreed to sell to a “stalking horse” bidder after ...