RECAP: The Latest Fitness Industry News Stories
It’s been a busy couple of weeks in the fitness industry. Several acquisitions and expansions were announced from all across the industry, and it can be hard to keep track of all the new developments. Below, you’ll find a list of the biggest and most relevant top news stories from the past couple of weeks.
Club Pilates Debuts First International Studios in Canada
On Monday, August 6, Club Pilates announced its expansion into Canada, developing its first international studios. Beginning in October, Canadian members can visit three Club Pilates locations: Club Pilates Royal Oak in Alberta, as well as Club Pilates South Surrey/White Rock and Club Pilates Kitsilano, both in British Columbia.
“With incredibly high consumer demand, coupled with our highly successful business model, Club Pilates has seen immense success in the U.S.,” said Shaun Grove, the president of Club Pilates. “We’re now excited to bring this incredible success to our neighbors to the north to further our mission of making Pilates accessible to everyone.”
Xponential Fitness Adds Yoga Six as Its Sixth Portfolio Brand
Xponential Fitness announced Monday, August 6 that it has added Yoga Six as its sixth portfolio brand. A popular yoga boutique brand, Yoga Six joins Club Pilates, CycleBar, StretchLab, Row House and AKT as the boutique fitness brands owned by Xponential Fitness.
“Adding Yoga Six to Xponential Fitness was a perfect fit for our portfolio, as it is a great complement to our already robust suite of brands,” said Anthony Geisler, the CEO of Xponential Fitness. “Up until this point, primarily San Diego and Midwestern consumers have had the opportunity to experience Yoga Six, and we now look forward to expanding the brand through franchising across the country.”
Trilantic North America Acquires Majority Stake in Taymax Group Holdings LLC
Trilantic North America announced it has acquired a majority interest in Taymax Group Holdings LLC, one of Planet Fitness’ largest franchisees. Taymax’s Planet Fitness franchises make up over 50 gym locations across the U.S. and Canada.
“We are excited to partner with the [Taymax] management team through the next phase of the company’s development, and believe Taymax and the broader Planet Fitness system will continue to benefit from secular trends around health and wellness, a key theme across several of Trilantic North America’s consumer investments,” said Grant Palmer, a partner at Trilantic North America.
Row House Signs 47 Franchise Agreements Over Five Months
Row House, the nation’s leader in fitness rowing, has signed 47 franchise agreements in five months. The brand is expanding across the country, debuting in Connecticut, Colorado, Massachusetts, and several other states, with a goal of opening 100 studio locations per year through 2022.
“We expect the initial development of Row House to act as a catalyst for additional franchise deals, motivating passionate entrepreneurs to join the nation’s leading rowing brand,” said Ramon Castillon, the president of Row House. “We are excited to provide communities across the country with an alternative fitness regimen over the coming months.”