The Gym of the Future Is Here.
See what’s changing and where operators are investing.
FitLab said in court papers that it intends to sell its assets in Chapter 11, which also makes it easier to end costly leases
The filing caps a stark fall from grace for the fitness holding company, which saw Nike Studios go dark, Y7 shutter its locations and Ragnar move toward new ownership
The Solidcore founder has spent around $123,000 out of her own pocket to cover Y7 employees, who were left with weeks of unpaid wages after the yoga chain's collapse
Sarah Larson Levey says she was blindsided and alleges that teachers and staff were left unpaid under a new operator, a situation she attributed to the management decisions of Fitlab and VM Fitness
Nike's shocking decision to shutter all of its boutique fitness studios isn't a good look for a sector that's already struggled with questions around financial viability.
Nike Studios, a chain of Nike-branded boutique fitness studios, has stopped operating, former members and trainers said.
Fitlab has acquired Mile High Run Club, a NYC-based treadmill training concept, adding it to its growing fitness and wellness portfolio.
FitLab has just acquired Y7, a boutique yoga studio brand known for its dimly-lit studio experience and omnichannel offerings.
FitLab, the platform behind Nike Studios, has secured a $65 million strategic financing facility from Atlas Credit Partners.
In a move meant to fortify growth plans for FitLab, Lymbr and VIO Med Spa, GoSaga has assembled a team of fitness and wellness experts.
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