Cyc Fitness Announces Incubator Investment from The Hain Celestial Group, Inc.
February 26 2015 - 1:33PM
Business Wire
Cyc Fitness today announced an incubator investment from The
Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading organic and
natural products company providing consumers with A Healthier Way
of Life™. The news comes on the heels of Cyc’s commitment to
accelerated US expansion, with firm plans to open 7 brand new
studios in 2015, bringing the total to 10. Hain Celestial’s
investment coincides with Cyc’s growing national footprint in key
markets including Boston, Los Angeles and Las Vegas, among others.
Cyc saw the opening of its fourth studio earlier this year in the
fitness-focused city of Atlanta, to regional acclaim.
“Hain Celestial’s support is a great affirmation of what we are
building at Cyc,” said Stephen Nitkin, Founder and CEO, Cyc
Fitness. “Cyc has an active, health conscious and socially engaged
community of millennials and there is a natural tie between Cyc’s
active lifestyle and Hain Celestial’s healthy lifestyle.”
“Cyc Fitness has the distinction of being Hain Celestial’s
inaugural investment in the personal fitness space. We view our
investment in Cyc Fitness as another opportunity to connect with
active lifestyle consumers and feature selected organic and natural
Hain Celestial products for sale at various Cyc Fitness locations,”
said Irwin D. Simon, Founder, President and Chief Executive Officer
of Hain Celestial.
With an esteemed roster of brands that span numerous natural and
healthy living categories, this strategic move pioneers Hain
Celestial’s entrance into the booming fitness industry and
solidifies its focus on expanding in health and wellness categories
with a key target demographic of millennial consumers. Hain
Celestial has the opportunity to make additional investments in Cyc
Fitness.
For more information on Cyc Fitness, please visit
www.cycfitness.com. For additional information on The Hain
Celestial Group, Inc., please visit www.hain.com.
About Cyc
Cyc is an indoor cycling method that combines cardio and
strength training. Cyc’s unique method, designed by Keoni Hudoba,
renowned trainer and fitness expert, offers an exhilarating
beat-based 45-minute ride that activates the whole-body, the whole
time. By incorporating weights through sectors inspired by more
than 20 different sports moves, the Cyc experience takes the
boutique indoor cycling studio concept beyond the bike. Cyc
combines its signature method with engaging and interactive social
platforms, as well as Ride for Change, Cyc’s charitable component,
through which Cyc donates a portion of profit for every mile
completed to the Challenged Athletes Foundation. Cyc has a devoted
fan base in New York City, Atlanta, GA, Austin, TX and Madison, WI;
the New York City location, which opened January 2014, was featured
in New York Magazine’s 2014 “Best of New York” issue. Get Cyc'd at
www.cycfitness.com and follow Cyc on Facebook, Twitter and
Instagram at @cycfitness.
About The Hain Celestial Group,
Inc
The Hain Celestial Group (NASDAQ: HAIN), headquartered in Lake
Success, NY, is a leading organic and natural products company with
operations in North America, Europe and India. Hain Celestial
participates in many natural categories with well-known brands that
include Celestial Seasonings®, Earth’s Best®, Ella’s Kitchen®,
Terra®, Garden of Eatin’®, Sensible Portions®, Health Valley®,
Arrowhead Mills®, MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi’s
Organic Bakery®, Gluten Free Café™, Hain Pure Foods®, Spectrum®,
Spectrum Essentials®, Walnut Acres Organic®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville Farms®, Yves Veggie Cuisine®,
Europe’s Best®, Cully & Sully®, New Covent Garden Soup Co.®,
Johnson’s Juice Co.®, Farmhouse Fare®, Hartley’s®, Sun-Pat®,
Gale’s®, Robertson’s®, Frank Cooper’s®, Linda McCartney®, Lima®,
Danival®, Natumi®, GG UniqueFiber®, Tilda®, JASON®, Avalon
Organics®, Alba Botanica®, Live Clean® and Queen Helene®. Hain
Celestial has been providing A Healthier Way of Life™ since 1993.
For more information, visit www.hain.com.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150226006430/en/
Cyc Fitness MediaEVINS
CommunicationsEmily Fox, 212-377-3582cyc@evins.comorThe Hain Celestial Group, Inc. MediaMary
Anthes, 516-587-5000MediaRelations@Hain.com
Hain Celestial (NASDAQ:HAIN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hain Celestial (NASDAQ:HAIN)
Historical Stock Chart
From Apr 2023 to Apr 2024