Wahoo Fitness makes factory reset after Walton fund and others help eliminate debt

Many companies selling indoor exercise equipment had painful transitions after the pandemic sales slowed. Peloton's losses ballooned, forcing thousands of layoffs, and Saris Cycling's owners were forced to sell following a state re-organization process, for example. Zwift, which has become something of an arch-rival of Wahoo's, has had to make several rounds of layoffs.
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