BowFlex Inc. said Tuesday it has filed for Chapter 11 bankruptcy with a New Jersey court, after the home-exercise equipment company saw sales slump in the post-pandemic world.
The Vancouver, Washington-based company’s move was expected, after it said there was “substantial doubt” it could continue as a going concern in its latest earnings release, when it posted a loss and sales that were well below the year-earlier period.
“As…
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