Finance

sporting-good-stores-supply-chain-news

Sporting Good Stores Need Faster Supply Chain

The report states diminished role of sporting good stores & increased importance of online ordering means product supply chains need reevaluation.

Fitness SPACs IPO- Athletech News

Are SPACs the Next Fitness Craze? Public Markets Hold Allure for Fitness Companies in 2021

SPACs, a potentially hot IPO market, and the growth of at-home fitness companies could create an exciting 2021 and 2022 for the fitness industry.

Cybex Defective Machines

Faulty Cybex Fitness Equipment Cost Company $7.95M

Fitness equipment maker Cybex International Inc. knew that parts in the arm curl and press machines it once sold had defects.

Woven's Matt Goebel- athletech news

Matt Goebel Shares Tips to Scale Fitness Franchise

Woven CEO Matt Goebel shares with Athletech News readers actionable steps that gym owners can take to streamline workplace operations.

Chloe-Steinberg- Sapphire Ventures- Athletech News

Sapphire Sport Welcomes Chloe Steinberg as its Newest Partner

Forbes 30 Under 30 investor, Chloe Steinberg brings additional consumer expertise to the Sapphire team.

Beachbody SPAC merger

Beachbody and Myx Fitness to Combine in $3B SPAC Business

Beachbody will combine in a three-way merger with blank-check company Forest Road Acquisition Corp. and Myx Fitness, which makes connected bicycles in $3B SPAC Business.

Drybar Franchise Rights- Athletech News

WellBiz Brands, Inc. Announces Acquisition of Drybar Franchise Rights

WellBiz has acquired the rights to the license for the Los Angeles-based chain Drybar, whose 114 locations were hit hard by the pandemic.

gyms-and-fitness-centers-30b-govt-aid-news

Gyms and Fitness Centers May Get $30B Govt. Aid

Gyms and fitness centers would be able to apply for grants to recoup up to 45 percent of 2019 revenue or $20M to replace lost 2020 revenue.

ClubReady Acquisition of iKizmet- Athletech News

ClubReady Announces Acquisition of iKizmet

ClubReady, the leading provider of full-suite studio fitness and wellness club management software and services, announced the acquisition of iKizmet, the leading data analytics provider in the fitness industry.

Ryan Seacrest CLMBR Venture

Ryan Seacrest Kicks Off 2021 With New Fitness Venture CLMBR

Ryan Seacrest joins the CLMBR investment team alongside Jay-Z, Novak Djokovic, Pitbull, Chad Hurley, Marco Borges and venture capital and private equity firm KBW-Ventures.