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.
The first state-of-the-art-fitness studios from the FitLab and GoSaga partnership are expected to debut in the northeast by Q1 of 2024.
The first Nike Studio will open this year in West Hollywood with additional group fitness locations planned in LA and other parts of the U.S.
With the acquisitions of Fitplan and Ragnar, FitLab says it will bolster its fitness integration presence in the industry.
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