Xponential shares plunged 37% Tuesday after a short-sale report warned that the fitness company is a “house of cards” about to tumble.
Lululemon acquired Mirror for $500 million in June 2020 amid the at-home fitness boom, but the deal has proved to be a flop.
Peloton is continuing to add members in the U.K., which bodes well for the connected fitness company's international expansion plans.
Hawks Ventures, the new venture capital arm of the Atlanta Hawks, has selected fit tech startup Arena as its first investment partner.
Ten Thousand, a menswear-focused training apparel company, impressively achieved profitability during the pandemic in April 2020.
Nautilus will sell over 4 million shares of its common stock or common stock equivalents to an institutional investor.
Anthony Geisler said Xponential is well-positioned to thrive post-pandemic, highlighting the brand's ability to grow during COVID.
Lululemon reported particularly strong sales growth internationally, including greater China, where the brand is increasing its marketing.
The Embr Wave wristband delivers cooling or warming sensations for instant relief from hot flashes caused by menopause.
Life Time Fitness completed the refinancing of its $274 million Term Loan B facility and closed a sale-leaseback deal for $45 million.
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