Sarah Luna spoke with Athletech News about a range of topics, including Xponential Fitness potentially acquiring a wellness brand.
Among its successes, Anytime Fitness has seen strong growth in same-store sales across franchise locations and bookings for group training.
The Vitamin Shoppe named Lee Wright its new CEO and Muriel Gonzalez its new president, a pair of appointments that come after the wellness brand’s parent company, Franchise Group, announced its intentions to go private through a $2.6 billion management buyout.
The Franchise Group says going private will help the parent company of The Vitamin Shoppe navigate a challenging economic environment.
With the shares acquisition offer, The Vitamin Shoppe parent Franchise Group is valued at $1.05 billion per Retail Dive.
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