F45 Training has appointed Patrick Grosso as interim chief financial officer and named Ryan Mayes as chief operating officer.
F45 Training has warned that its net losses are likely higher than initially reported due to errors it made in previous financial filings.
F45 Training has partnered with Bensussen Deutsch & Associates to create a new line of merchandise to be sold on its website and in studios.
The appointment comes after F45 Training recently saw its former interim CEO and its co-founder leave the company's board of directors.
Adam Gilchrist, who co-founded functional fitness brand F45 Training and had severed as its CEO, has resigned from its board of directors.
The 2022 Annual Report has been postponed by F45 because more time is needed for financial statement preparation and review processes.
F45 has announced some big, formal changes to the foundation of actor Mark Wahlberg-backed fitness franchise.
F45 investor and Hollywood actor Mark Wahlberg could be seen in another advertorial video of the brand in the future.
F45 had a Q3 2022 revenue of $29.3 million, an eight percent increase over the same period of 2021 with a net loss of $60 million.
Pro golfer Greg Norman is reportedly joining David Beckham in his lawsuit against F45, with both claiming non-payment.
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