Recently lululemon athletica and Peloton announced a new five-year strategic partnership, signifying Lululemon's Pivot to Peloton as the exclusive digital fitness content provider starting in November 2023. However, the stunning announcement is that lululemon is discontinuing selling Mirror, a connected at-home interactive device providing access to live and on-demand classes ...
Key insights A Staggering Descent in F45's Valuation: The gravity of F45's recent decision to delist from the NYSE isn't just about the plummeting share price. It's the astonishing free fall of their market capitalisation. Debuting with a valuation of US$1.46 billion at IPO on July 15th, 2021, the company's net ...
World Active, a newly established global fitness and physical activity sector federation, has officially launched. I see its primary organisational purpose as providing powerful representation, advocacy, and support. Several key reasons have been identified for launching this new organisation: 1 The need for closer and more effective collaboration and knowledge-sharing among national ...
Jan Spaticchia, founder and Chairman, énergie Fitness passed away on May 9th, 2021 following a short battle with cancer. Jan and I were connected through family and business — Jan’s son Luc is my first cousin, once removed. Jan's early career For more than 30 years I watched Jan’s career flourish. When we ...
Each year, The IHRSA Global 25 looks at the world’s top health club companies. Below are some comments we contributed to the 2020 report which is shortly being published. Jon Feld was asking the questions: Jon Feld: In 2018, a lot of growth was driven by acquisition (e.g., Nordic operator SATS ...
Here are some of the most recent Peloton numbers (period ending March 2020 as) the business sprints towards one million paid subscribers. Peloton defines a connected subscriber as someone paying the £39/$39 to access live and on-demand classes. It defines a subscriber as currently paying and/or temporarily paused. You can ...
John Foley, the co-founder (see footnote 1) of Peloton (that's him in the picture above), is a life-long fitness enthusiast who always made time to workout. However, that began to change when his children were born. With family life beginning to take priority over exercise, he and four other founders ...
Global fitness industry analyst Ray Algar announces that he has accepted a non-executive strategic advisory role with Liikku, a leading operator of premium low-cost gyms in Finland. ‘Liikku’, which broadly translates to mobility in English, was founded by Johanna and Heikki Riihijärvi in 2010 with the mission of encouraging more ...
Global fitness industry analyst Ray Algar announces that he has accepted a non-executive strategic advisory role with Pendex, a company that is bringing an AI-powered exercise system to the global health and fitness industry. Ray will be advising Pendex as they begin rolling-out their connected solution to businesses seeking new ...
During January 2018, The Economist contacted me to discuss an article they were researching on the fitness industry. Their initial angle for the article was to discuss the good-intentioned New Year resolution for people to get fit and how clubs and studios are the grateful beneficiaries of this surge in demand. ...
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