For SportsArt, Sustainability Is a Core Value and Key Selling Point
SportsArt created the world’s first carbon-negative treadmill and produces a host of other sustainable fitness machines.
Define Ventures Raises $460 Million To Invest in Digital Health Startups
The new funding allows Define Ventures to continue its track record of investing in promising early-stage digital health startups.
President Biden Makes Picks For Council on Sports, Fitness & Nutrition
Two names from the fitness industry were selected by President Joe Biden to serve on the Council on Sports, Fitness & Nutrition.
Solidcore Founder Anne Mahlum Sells Company
Solidcore founder Anne Mahlum has agreed to sell all her shares in the company to Kohlberg & Company for an undisclosed amount.
Lululemon Exploring Sale of Mirror Less Than 3 Years After $500M Acquisition
Lululemon is reportedly working with an advisor on a potential sale of Mirror, the athleisure brand's underperforming at-home fitness device.
Erika Hammond Wants Equinox Class To Be a Boxing ‘Party’
Knockout, a boxing-inspired group fitness class created by Erika Hammond, is now available at select Equinox locations in New York City.
F45 To Pay New CEO Tom Dowd $1 Million, Mark Wahlberg $1
Total compensation for F45 CEO Tom Dowd could reach as high as $2.5 million, while Mark Wahlberg will earn far less.
Tonal Makes Change at CEO, Raises $130 Million in New Funding
Tonal has tapped Krystal Zell to be its new CEO, the smart home gym company said while also announcing a $130 million funding round.
Tonal Could See Valuation Fall 90% As Post-Pandemic Market Takes Toll
The struggling home gym company could agree to a funding round that values it at $200 to $300 million, a far cry from the $1.6 billion valuation Tonal was looking at two years ago.
IHRSA Criticizes FTC’s Proposed Gym Membership Rule
IHRSA said a rule proposed by the FTC making it easier for consumers to cancel gym memberships could be bad for the fitness industry.
