Ohio
This Half-Built Ohio Factory Shows How Peloton Mismanaged the Pandemic
In a northwest Ohio industrial park, up the freeway from a brand new Amazon.com Inc. warehouse and a soon-to-open solar-panel plant, Peloton Interactive is constructing a million-square-foot manufacturing unit that it’ll by no means use.
The once-hot stationary bike maker is promoting the ability, initially set to value $400 million and to be accomplished this fall, because it races to downsize a producing operation expanded by leaders who believed Covid-driven demand would outlive the pandemic.