Fitness clubs rocked by Covid-19 closures face a swell of bankruptcies with more than $10 billion of revenue wiped out as clients ditch memberships, according to investment bank Harrison Co.
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit <FIT.N> may give it too much of people's data, potentially hurting competition in health and online advertising markets.
May 2020 Survey Analyzes Industry Response to COVID-19 Environment
Once best known as one of the UK’s biggest fitness YouTubers, the 23-year-old is reshaping her image from influencer to chief executive.
Hydrow, the Live Outdoor Reality™ (LOR) rower, today announced it has secured $25 million in financing led by L Catterton, the largest and most global consumer-focused private equity firm. The fundraising also includes support from the brand's other existing investors, including Rx3 Ventures (co-founded by Greenbay Packers Quarterback Aaron Rodgers). This extension will bring the...
Lululemon reported its first-quarter earnings results on Thursday. Sales fell by 17% overall despite strong growth online, indicating that even the athleisurewear giant – which was is thought to have benefited from more people shopping for comfortable clothing and workout gear during the lockdown – wasn't immune from the impact of the pandemic.
CorePower Yoga LLC fired back in Delaware court Tuesday at a claims that it wrongly broke off a $23 million buyout of 34 franchise locations shuttered by the coronavirus, saying the yoga studios’ owner assumed the risk of a “disaster” like the pandemic.
24 Hour Fitness said Monday in its Chapter 11 filing that it has secured $250 million in funding to help reopen some of its clubs and expects a majority of locations to be open by the end of June. However, it's emerging as a smaller chain: It permanently closed 100 US locations in 14 states...
The 24 Hour Fitness gym chain recently laid off workers over the phone as it grappled with the coronavirus crisis.
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