Peloton Expanding Into Australia
Peloton Interactive (NASDAQ: PTON) is going Down Under to find a new source of growth. The exercise bike and online classes specialist announced Monday that it is expanding to Australia, for its initial toe-in-the-water into the Asia Pacific region.
Australians wishing to get in shape and willing to fork over the money for Peloton's comparatively pricey goods will be able to buy both the Peloton Bike and the Peloton Bike+, the company's popular hardware items. The Peloton App and its many fitness classes will also be available to the nation's consumers. The products will be available both online, and in Peloton's retail showrooms in the country (locations include the cities of Sydney and Melbourne).
Image source: Peloton Interactive.
Source Fool.com
