Fitness Billionaire Ends $550 Million Reset of Technogym Riches

Nerio Alessandri’s industry has seen higher highs and lower lows than most anticipated in recent years. Through it all, one thing was consistent for Technogym SpA’s co-founder: He was selling shares.

Now, after cutting his stake to the minimum for retaining a tight grip over the maker of $18,550 treadmills and $3,185 bikes, the billionaire is halting further sales.