Peloton goes up after pandemic coup

Peloton has been mocked on social media for revealing a dystopian ad in late 2019. In the advertisement, a man gave his partner a peloton bike for Christmas in her glamorous living room, on which the woman angrily cycled for a year.

ne pandemic later and nobody laughs. Prices for the basic Peloton exercise bike start at $ 1,895, excluding the monthly subscription to streamed workouts that made their coaches famous in the United States. In May, the company had two million subscribers, making it one of the pandemic’s biggest winners. With the advent of home fitness, founder John Foley described the concept of going to a gym as “yesterday’s broken model”.

There are now further signs that Peloton is trying to gain a foothold in the Irish market with a European support campaign. On August 5, Peloton registered a company called Peloton Interactive with the Companies Registrations Office, and Kevin Cornils, General Manager of Peloton International Business, was inducted onto the new company’s board of directors. She also advertises Cork-based jobs, such as German-speaking customer advisors.

In May it was reported that Peloton was looking for enough office space in Cork to accommodate at least 700 workers. It had asked commercial real estate agents CBRE in London to look for back office space between 65,000 sq ft and 70,000 sq ft, the reports said. If the deal moves forward, we could expect Peloton bikes and treadmills to enter the Irish market. We may never leave the house again.

US packaging company closes Euroflex

The Donegal-based packaging supplier, Euroflex, has been pooled by ProAmpac, a US company specializing in flexible packaging and materials science.

Cincinnati-based ProAmpac, which now has 44 locations and nearly 5,800 employees, announced the acquisition late last month.

Greg Tucker, Founder and CEO of ProAmpac, said Euroflex is an exciting addition to its European business.

The latest results of Euroflex Teoranta for the 2020 financial year show a pre-tax profit of almost € 988,000 on sales of over € 14.2 million. In addition, the balance sheet total minus short-term liabilities was over € 11.3 million. In 2020 it employed an average of 59 people.

Bourbon barrels are said to roll in Newbridge

A bourbon barrel operation in Kentucky is scheduled to open a new cooperage in Newbridge, Co. Kildare.

Kentucky Bourbon Barrel, a subsidiary of the Independent Stave Company, will begin operations in September through an Irish subsidiary.

According to a report by the Kildare Nationalist, the Irish operation will supply the Irish and UK spirits industries directly with high quality, ready-to-fill, used kegs.

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