Exercise equipment maker Peloton is recalling its Tread and Tread+ treadmill machines in the US after a number of injuries and the death of a child.
It comes after regulators warned people in April to stop using the Tread+ if they have children or pets.
Peloton chief executive John Foley has now apologised over the company’s initial response to a request from the Consumer Product Safety Commission (CPSC) that it should recall the Tread +.
Shares fell nearly 8%.
The CPSC said the recall came after one child death and 70 incidents. It told consumers who have bought either treadmill to stop using it immediately and contact Peloton for a full refund or other redress.
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