The IPO helps cap off a busy week for. Through its mission to make boutique fitness accessible to everyone, the Company operates a . Xponential Fitness Inc., the franchise owner of boutique fitness brands including Club Pilates and CycleBar, downsized its initial public offering and priced it below a marketed range to raise $120 million. January 11, 2023 Xponential Fitness CEO talks fitness demand, franchise growth, and adding brands Petrobras Payout Rewards Investors Who Ignored Lula Risk, China Developers Vanke, Poly to Issue Shares as Market Thaws, Mexico Central Bank Cuts GDP Forecasts With Key Rate at Record 11%, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, SoftBank-Backed Arm Rules Out UK Listing for Now to Focus on US IPO, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Salesforce CEO Praises Activist Investors After Earnings-Fueled Rally, Salesforce Jumps After Upbeat Outlook Eases Investor Fears, South Koreas Chip Inventory Climbs at Fastest Pace in 27 Years, Boris Johnsons Comeback Dreams Shattered by Sunaks Brexit Win, Japan Tries Everything From Tax Breaks to Shaming to Raise Pay, Singapore Wealth Firm Sees Rapid Growth Catering to Rich Families, BillionaireFamily Down $730 Million in Brazil Health Providers Stock Rout, Murdochs Fawning Letter to FIFA Chief Disclosed in World Cup Bribery Case, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan. Anthony attributes this success to the strong, tight-knit culture he has developed in each business he has run. As a kid, I thought that was the greatest thing ever, but when my friend came to my house, he thought it was wonderful to have my mom make us burritos. Inspired by his parents work ethic and his own desire to provide for his family, Anthony embarked on a career of entrepreneurship at an early age, leading to his success today as the CEO of one of the biggest fitness brands in the US. With the $44 million acquisition, Xponential plans to grow the company in the US and Canada. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. And it all started with one idea. Our consumers came right back to the studio [post-Covid], Meloun says. And a Car. Since then, the franchisor has expanded to nine fitness brands, including Rumble Boxing, Club Pilates, CycleBar, Pure Barre, Row House, StretchLab, YogaSix, STRIDE and AKT. Petrobras Payout Rewards Investors Who Ignored Lula Risk, China Developers Vanke, Poly to Issue Shares as Market Thaws, Mexico Central Bank Cuts GDP Forecasts With Key Rate at Record 11%, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, SoftBank-Backed Arm Rules Out UK Listing for Now to Focus on US IPO, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Salesforce CEO Praises Activist Investors After Earnings-Fueled Rally, Salesforce Jumps After Upbeat Outlook Eases Investor Fears, South Koreas Chip Inventory Climbs at Fastest Pace in 27 Years, Boris Johnsons Comeback Dreams Shattered by Sunaks Brexit Win, Japan Tries Everything From Tax Breaks to Shaming to Raise Pay, Singapore Wealth Firm Sees Rapid Growth Catering to Rich Families, BillionaireFamily Down $730 Million in Brazil Health Providers Stock Rout, Murdochs Fawning Letter to FIFA Chief Disclosed in World Cup Bribery Case, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan. With rides designed for all fitness levels, we promise to empower, inspire and elevate you throughout every day. Having been recognized for his entrepreneurial spirit at the University of Southern California in 1999, he created and sold a web development business for US$20,000 within a year of graduating. What Could Elon Musk Possibly Be Thinking? Body Fit Training was founded in 2017 in Melbourne, Australia, and offers a variety of group classes for functional fitness, strength training, cardio, and conditioning. In Payments, Like Geopolitics, India Seeks a Third Way, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Vietnams VinFast Delivers First EVsto US Customers, Musk Tamps Down Speculation That Tesla Will Mine Lithium, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Dec 29, 2022 06:06pm. Why? First name. Junk studied Sports Medicine at Foothill College. You WILL sweat, and you WILL love it!., Never have I ever had this good of a workout, while having fun the entire time. Experience a deeper stretch than you could ever get on your own. It wasnt until 2001, however, that Anthony would develop an interest in fitness and franchising, when he began training at LA Boxing, a boutique boxing gym in Costa Mesa. In addition to Club Pilates, he has brought 9 other brands onto the platform since, creating the largest boutique fitness franchise company in the world, with over 2,000 global locations. 'Y':'N') +'&jv='+(navigator.javaEnabled()? Xponential Fitness, Inc. (NYSE: XPOF) is the largest global franchisor of boutique fitness brands. Our expert team will guide you through the entire process, from site selection to lease execution, to find the ideal site for your Rumble studio. In Payments, Like Geopolitics, India Seeks a Third Way, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Vietnams VinFast Delivers First EVsto US Customers, Musk Tamps Down Speculation That Tesla Will Mine Lithium, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. A hundred and fifty Body Fit Training studios are slated to open within the next year. It was hard, manual, laborious work. from University of Southern California. Immediately prior to joining Xponential, Mr. Hagopian served as General Counsel of Newlight Technologies, Inc., a biotechnology and manufacturing start-up. Listing could value Club Pilates brand owner at $1.3 billion, California firm acquired boxing franchise Rumble in March. The Irvine, California-based company sold 10 million shares on Thursday for $12 each, according to a statement. degree from USC Marshall School of Business, and a J.D. lululemon x MIRROR. In partnership with its franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations across 48 U.S. states and Canada, and through master franchise or international expansion agreements in 12 additional countries. Looking ahead: . and an M.B.A. from Arizona State University. Hes focused on the here and now. With a goal to open more than 500 franchises yearly over the next half a decade, Anthonys confident that Xponential Fitness is heading in the right direction. Our franchise model provides a completely scalable business, allowing you to determine your own success. This latest purchase comes after a March 2021 acquisition of Rumble, a boxing studio business that signed a franchise agreement in Australia this year, anticipating 100 studios opening in the future. Markets never sleep, and neither does Bloomberg. Xponential Fitness, Inc. 17877 Von Karman Ave Suite 100 Irvine, CA 92614 T: 949-346-3000 Investor Relations Addo Investor Relations T: 310-829-5400 [email protected] Transfer Agent Computershare T: 781-575-2725 or 800-952-9245 (TDD) - press 0 and # to be directed to customer service https://www.computershare.com All I can tell you is that tomorrow were going to have the same challenges weve had every other day., He says that he will focus on where best to invest resources, including finding real estate and locations as well as supporting inexperienced franchisees, many of whom are running their first business with Xponential Fitness. Founded in 2017 in Melbourne, Australia by fitness industry veteran Cameron Falloon, BFT offers a community-based 50-minute functional training and strength-based program across 13 workouts. IRVINE, Calif., February 27, 2023--Xponential Fitness, Inc. (NYSE: XPOF) (the "Company" or "Xponential Fitness"), the largest global franchisor of boutique fitness brands, today announced. Irvine, California, United States. articles a month for anyone to read, even non-subscribers! Growing up, he was acutely aware of the disadvantage some other children his age experienced in not having the influence of a solid family unit. About Xponential Fitness, Inc. XPLUS. Anthony got his start in the dot-com bubble of the late 1990s. Founded in 2017 in New York City, Rumble is boxing-inspired group fitness designed for all levels from beginner to advanced. Xponential Fitness has acquired Body Fit Training, an Australian functional fitness franchise. Xponential Fitness owner of companies like Pure Barre, Rumble, and YogaSix generated $63.8 million in revenue in Q3 2022, a 56% increase year-over-year. A rapidly growing disruptor in the fitness industry, Xponential Fitness was ranked in Fast Company's annual list of the World's Most Innovative Companies for 2019 within the wellness category.Offering a diversified portfolio of specialized fitness concepts in eight unique verticals, Xponential Fitness has sold over 2,600 studio locations across the globe and recently signed a Master . Rumble is part of the Xponential Fitness family of brands, a curator of leading fitness & wellness brands across every vertical in boutique fitness. Xponential Fitness Inc., the franchise owner of boutique fitness brands including Club Pilates and CycleBar, downsized its initial public offering and priced it below a marketed range to raise . Its what we do for a living., Anthonys not one to get bogged down with potential difficulties, anyway. Apply today at CareerBuilder! 17877 Von Karman Ave, Suite 100, Irvine, CA, 92614 | 2022 Xponential Fitness, LLC. Mr. Geisler holds a B.A. With decades of fitness and franchising experience, Xponential Fitness is the largest boutique fitness franchisor with the resources, network, playbook, and platform in place available to help support and grow our franchise owners every step of the way. We learn together, we grow together. Im just excited to have what I have and live a life that I love.. With years of knowledge and a whole lot of personality, there's no one better to push you towards your goals. The Sales Manager is rooted in hospitality and upholds our Mission of fueling energetic communal experience. "The addition of Pure Barre to our already robust portfolio of brands enhances our company and establishes Xponential as the number one curator . Under the management of a Franchise Owner and with the support of a CycleBar . A fitness class held outside a CycleBar in Culver City, California. . Enjoy a low-cost entry, a recurring revenue model, strong EBITDA margins, and the confidence in our team that has decades of experience in fitness franchising. Previously, Mr. Hagopian served in several general counselor other legal executiveroles at both publicly-traded and privately-held growth companies. Replacing its former service, GO, the new platform collects the entire digital libraries of all 10 brands in one location. IRVINE, Calif., February 27, 2023 -- ( BUSINESS WIRE )--Xponential Fitness, Inc. (NYSE: XPOF) (the "Company" or "Xponential Fitness"), the largest global franchisor of boutique fitness brands . Xponential is betting it can have success internationally and operates outside the U.S. in a master-franchise model in markets like Japan and Australia. Ten exceptional brands, 2,100+ studios, one pass. Highly recommend!, I travel a lot for work, and this app has been great to keep up on my fitness routine while staying in hotels and being on the road. Live market coverage co-anchored from Hong Kong and New York. Owner of 10 fitness concepts, including BFT, Xponential has a reputation for rapidly scaling its brands. The company will seek to raise about $300 million in the offering at a valuation of about $1 billion, said one of the people, who asked not to be identified because the information was private. Ms. Luna holds a B.F.A. In partnership with its franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations across 48 U.S. states and Canada, and through master franchise or international expansion agreements in 12 additional countries. Our system-wide sales exceed pre-Covid levels. In Anthonys view, decentralizing leadership is the most effective way for brands to chart their own path in the business world. In 2017, Xponential Fitness hit $148 million in revenue across. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling his own company for $1 billion, Braun has built one of the most impressive resumes in music. I treat the brand presidents as entrepreneurs and allow them to make certain decisions that I may or may not agree with. The company was founded by Anthony Geisler, the former CEO of LA Boxing who bought Club Pilatesa small collection of boutique Reformer Pilates studios that has since grown to 900 licensed locationsin early 2015. regional and company-wide meetings and trainings as needed * Work closely with Studio Owner, District General Manager and National Sales Director to ensure health and profitability of . "It wasn't glamorous work," Anthony tells The CEO Magazine. Pure Barre, YogaSix and StretchLab fitness classes are now available to guests . Both IPOs come on the heels of a bludgeoning year for the fitness industry. Mr. Hagopian received a B.S. Xponential Fitness has acquired Body Fit Training, an Australian functional fitness franchise. Through its mission to make boutique fitness accessible to everyone, the Company operates a . And it all started with one idea. So, we try to facilitate that balance for them.. Xponential Fitness, Inc. (NYSE: XPOF) is the largest global franchisor of boutique fitness brands. Elevate your corporate wellness program with a boutique benefit. Mr. Geisler sold the business to UFC Gym in 2012. And it all started with one idea. Xponential Fitness, the owner of boutique fitness brands, has acquired Stride, a boutique running concept. "Then it's, do you want to be partners with these people." Thats the business were in, though, he says. Health clubs, gyms and studios in all states were closed for at least one month last year. var asdate=new Date();var q='&tz='+asdate.getTimezoneOffset()/60 +'&ck='+(navigator.cookieEnabled? Markets never sleep, and neither does Bloomberg. And a Car. Why? https://www.xponential.com/ Industries Wellness and Fitness Services Company size 51-200 employees Headquarters Irvine, California Type Public Company Founded 2017 Locations Primary 17877 Von. Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, has revived plans for a U.S. initial public offering after setting them aside when the Covid-19 pandemic hit, according to people with knowledge of the matter. We believe extensive training drives your success - from lease negotiation to build out, recruitment to finance, and sales & marketing, youll be supported every step of your journey! Founder, Director and Chief Executive Officer. The largest global franchiser of boutique fitness brands continues to grow exponentially. I still work with the very first employee I hired all those years ago, whos been with me for five brands now, he says. Love it!, Whether you are a veteran in the fitness game or if this is your first time rowing, these workouts are for you., No matter what class I select, the instructor always motivates me to focus & work hard!, Finally found a platform catered to my combination of strength and cardio and now I'm hooked! He has dedicated most of his career to franchising Shares of Xponential Fitness, the Irvine, California-based franchise owner of fitness brands like Club Pilates and CycleBar, debuted on the New York Stock Exchange on Friday at $12, downsizing its . Despite a trying time for many companies due to COVID, Body Fit Training performed well during the challenging period. The company served more than 850,000 customers in 2020 via in-studio and streaming workouts during the height of the pandemic. Ive been doing this for 18 years now with most of the same people who originally started with me.. Welcome to the worlds best studio workouts, on demand. Xponential Fitness. Get Started Thousands of classes from the best brands in boutique fitness. Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, is planning a U.S. initial public offering, according to people with knowledge of. Creating a strong foundation for movement with a range of class offerings that challenge your mind as well as your body, Club Pilates provides a path to a more fulfilling life. StretchLab is an open, energetic studio designed to get your body moving the way it was intended to. Through its mission to make boutique fitness accessible to everyone, the Company operates a diversified platform of ten brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training and yoga. is set to give its latest quarterly earnings report on Thursday, 2023-03-02. About Xponential Fitness, Inc. Xponential Fitness also has an organizational chart that includes key individuals to help expedite the purchase of each brand. As with many fitness brands, the pandemic took its toll on Xponential. I cant tell you who isnt coming in, or whos leaving early, or who was late today, and thats because I treat all our employees as adults. We all have things were fighting for in this life, and Rumble is an opportunity to battle prep. from Georgetown University Law Center. On this week's episode of IDEA GENERATION, Scooter Braun takes us on a journey from his days as a college dropout and party promoter in Atlanta, to becoming one of the most successful music executives on the planet. (Podcast). (Podcast). Her work has been featured in Age of Awareness, Times Beacon Record, The New York Times, and she has an upcoming piece in Slate. Request more information on bringing the Rumble experience in your community. Track your investments 24 hours a day, around the clock from around the world. She enjoys hiking, being outdoors, and is an avid reader. Xponential Fitness is set to open boutique studios inside LA Fitness and City Sports Club locations, with a minimum commitment of 350 franchise locations over five years. An organizational chart that includes key individuals to help expedite the purchase each. Model provides a completely scalable business, allowing you to determine your own success company operates a Xponential Mr.! Fitness brands continues to grow the company in the dot-com bubble of the pandemic took its on... X27 ; t glamorous work, & quot ; it wasn & # x27 t. It was intended to studio workouts, on demand well during the of. Master-Franchise model in markets like Japan and Australia many companies due to COVID, Fit. Studios, one pass & jv='+ ( navigator.javaEnabled ( ) /60 + ' & tz='+asdate.getTimezoneOffset ( ) Rumble! Accessible to everyone, the owner of boutique fitness accessible to everyone the... 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