RECAP: The Latest Fitness Industry News Stories
This week there have been a number of exciting announcements hitting the fitness industry’s news wire. Below is a recap of the latest stories you might have missed.
Town Sports International Acquires Total Woman Gym and Spa
Town Sports International Holdings, Inc. announced it “has entered into an asset purchase agreement to acquire substantially all of the assets of the Total Woman Gym and Spa business” — which includes 12 gyms that will continue to operate under the Total Woman brand.
“The opportunity to expand into California with a well-known brand was an easy decision,” said Patrick Walsh, TSI’s CEO and chairman of the board, in a statement.
Total Woman is based in California and was founded in 1965 by Art and Adrienne Stone.
MINDBODY Acquires FitMetrix
MINDBODY, a leading technology platform for the wellness services industry, announced it has acquired FitMetrix, the creator of performance tracking solutions designed to help wellness businesses increase retention, and provide wellness seekers with an engaging, more interactive fitness experience.
“FitMetrix’s powerful and intuitive tools help our customers drive results and retention while providing their clients with a fun and unique approach to fitness,” said Rick Stollmeyer, MINDBODY CEO and co-founder of MINDBODY, in a statement. “Interactive engagement is the future of fitness, and we see some of our most successful customers integrating performance tracking technology into their studios.”
Club Pilates Opens 300th Location
Club Pilates has grown to 300 locations, making it the largest Pilates franchise in the U.S. In addition, the company has recently debuted a state-of-the-art training facility in Atlanta which will serve as a centralized hub for general manager and instructor trainings, master trainer summits and more.
Club Pilates has experienced substantial growth over the last few months, opening at least 20 studios per month in 2017 and signing its 663rd franchise agreement.
Blink Fitness Heads South
Blink Fitness, a high-value, low-priced franchise, announced it has signed a development deal for three gyms to open in Georgia, specifically in the greater Atlanta area.
The gyms will be owned and operated by a father-and-son team, Daniel and Timothy Barbir, who plan to open the first location late this year.
“We’re so excited to bring a much-needed concept like Blink to the Atlanta community,” said Daniel Barbir, in a statement. “Between Blink’s revolutionary philosophy and our family’s background in health and wellness, my son and I are thrilled to be able to help others in our community meet their desired fitness goals. As entrepreneurs and avid fitness enthusiasts, Blink was truly a perfect fit.”
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