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Oak Hill Advisors and Ares Management Corp. provided the bulk of a new $150 million loan to Equinox Holdings Inc. to help the luxury gym operator weather the crippling effects of the Covid-19 pandemic.
LA Fitness is feeling the burn — and not in a good way by its North American members over "freeze" fees, amid mass re-openings across the U.S. and Canada. On the company's website, LA Fitness issued a notice that it has "temporarily closed the California and Arizona clubs," due to the "order of the Governors"...
Eric Roza, the incoming CEO of global gym brand CrossFit, has officially signed a contract to buy 100% of the company from founder and former CEO Greg Glassman for an undisclosed price, Roza announced on Friday.
ABC Financial, the leading provider of technology and related services for the fitness industry, announced today that it has acquired GymSales, a leading international provider of fitness sales management tools.
Smartwatch and wearable maker Garmin planning multi-day maintenance window to deal with ransomware incident.
Over the past four months, many U.S. consumers turned toward the direct-to-consumer subscription box market for the first time, with one in five people buying subscription boxes during this time frame to have products available to them during the pandemic, according to a new study... READ MORE @ Fortune
Instructor walkouts and motivational messages in a predominantly white industry decimated by the coronavirus.
Science so far tells us that the novel coronavirus doesn’t spread through sweat. And, a widely cited Norwegian study, well-conducted but published before peer review, found no increase in COVID infections among gymgoers who regularly washed their hands and followed social distancing measures.
Along with many other businesses, gyms across America were forced to close amid the Covid-19 pandemic. Now, as some start to reopen, they may struggle with getting members to come back, according to a new survey.
Within days of gym closures being announced amid national shutdowns back in March, fitness enthusiasts were quickly forced to adjust their workout habits. Exercising from home became the only way to break a sweat and stay in shape.
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