New Agreement with Australian Partner Who Will
Immediately Begin Promotion & Development of Brands in
Neighboring New Zealand
Xponential Fitness, Inc. (NYSE: XPOF), a curator of leading
boutique fitness brands across multiple verticals, announced today
that it has recently signed a Master Franchise Agreement in New
Zealand for three of its brands: CycleBar, StretchLab, and Rumble.
The agreement provides the Master Franchisee with the opportunity
to license at least 30 studios across the three brands to potential
franchisees in New Zealand over the next 10 years. Xponential has
over 2,000 open studios worldwide, operating in 10 countries and
across four continents.
The New Zealand Master Franchisee, Boutique Fitness Studios NZ
Ltd., is a wholly owned subsidiary of Boutique Fitness Studios Pty
Ltd., Xponential’s Master Franchisee in Australia for CycleBar,
StretchLab and Rumble, which is run by CEO Matt Gordin.
“New Zealand is a natural extension of our existing agreement in
Australia for Cyclebar, StretchLab and Rumble. We are confident
that Matt Gordin and his entire franchise team will continue their
successful development in this new, fitness conscious market,” said
John Kersh, Chief International Development Officer for Xponential
Fitness.
This agreement also extends Xponential’s existing promotional
arrangement with entertainment industry duo, the Stafford Brothers,
whose involvement in Australia has already resulted in numerous
franchise territory signings for the Rumble brand.
Matt Gordin, CEO of Boutique Fitness Studios Pty. Ltd., is
primed to expand Xponential Fitness’ reach into New Zealand. “We
are motivated to bring world-class boutique fitness offerings to
New Zealand and build upon our successful platform of Xponential
brands already present in Australia,” said Gordin.
Xponential Fitness continues to make significant progress in its
international expansion, with successful studio launches in Saudi
Arabia, Japan, South Korea, Dominican Republic, Spain, and
Australia, along with future studios planned for both Germany and
Singapore. This growth was accelerated by Xponential’s recent
acquisition of its tenth boutique fitness brand BFT, an
Australia-based functional training and strength-based fitness
franchisor with over 130 studios currently operating in Australia,
New Zealand and Singapore.
For more information about Xponential Fitness and to learn more
about its various franchise opportunities, visit
www.xponential.com.
ABOUT XPONENTIAL
FITNESS:
Founded in 2017 and headquartered in Irvine, California,
Xponential Fitness, Inc. (NYSE: XPOF) is a curator of leading
boutique fitness brands across multiple verticals. Through its
mission to make boutique fitness accessible to everyone, the
Company has built and curated a diversified platform of nine
boutique fitness brands spanning across verticals including
Pilates, indoor cycling, barre, stretching, rowing, dancing,
boxing, running and yoga. In partnership with its franchisees,
Xponential Fitness offers energetic, accessible, and personalized
workout experiences led by highly-qualified instructors in studio
locations across 48 U.S. states and through master franchise
agreements or international expansion in 11 additional countries.
Xponential Fitness' portfolio of brands includes Club Pilates, the
nation's largest Pilates brand; CycleBar, the nation's largest
indoor cycling brand; StretchLab, a concept offering one-on-one and
group stretching services; Row House, a high-energy, low-impact
indoor rowing workout; AKT, a dance-based cardio workout combining
toning, interval and circuit training; YogaSix, the largest
franchised yoga brand; Pure Barre, a total body workout that uses
the ballet barre to perform small isometric movements; STRIDE, a
treadmill-based cardio and strength training concept; Rumble, a
boxing-inspired full-body workout; and BFT, a functional training
and strength-based fitness program. For more information, please
visit the Company’s website at www.xponential.com.
ABOUT CYCLEBAR:
Founded in 2004, CycleBar is the largest indoor cycling brand by
number of studios and offers a variety of low-impact,
high-intensity indoor cycling workouts, which are inclusive of all
fitness levels. CycleBar offers an immersive, multi-sensory
experience in state-of-the-art “CycleTheaters,” led by specially
trained instructors, enhanced with high-energy “CycleBeats”
playlists and tracked using rider-specific “CycleStat” performance
metrics. Ranked on Entrepreneur Magazine’s Franchise 500 and
Fastest-Growing Franchises in 2021 as well as Inc. Magazine’s Inc.
5000 in 2020, CycleBar is headquartered in Irvine, CA and backed by
Xponential Fitness, a curator of leading boutique fitness brands.
To learn more about CycleBar, visit www.cyclebar.com.
ABOUT STRETCHLAB:
Founded in 2015, StretchLab is a leading assisted stretching
brand that was created to help people through customized
flexibility services. It offers one-on-one and group assisted
stretching sessions to customers across a broad range of age and
fitness levels. StretchLab’s advanced “flexologist” instructors
receive extensive training, including both classroom and on-the-job
training programs. Ranked on Entrepreneur Magazine’s
Fastest-Growing Franchises and Top New Franchises in 2021 as well
as Inc. Magazine’s Inc. 5000 in 2020 and 2021, StretchLab is
headquartered in Irvine, CA and backed by Xponential Fitness, a
curator of leading boutique fitness brands. To learn more about
StretchLab, visit www.stretchlab.com.
ABOUT RUMBLE:
Founded in New York City in 2017, Rumble is a group fitness
concept delivering a combination of boxing-inspired circuits and
the transformative power of resistance training. Pro and amateur
fighters glove up together, no matter their fitness level or skill,
to reveal their inner fighter. The experience is a 45-minute,
10-round, full-body cardio and strength workout crafted around
specially designed water-filled, teardrop-style boxing bags. Rumble
was founded by Noah Neiman (former Barry's Bootcamp Master Trainer,
and cast member of Bravo’s Work Out New York), Eugene Remm
(Co-Founder of Catch Hospitality Group (Catch Restaurants, CATCH
STEAK, Lexington Brass), Andy Stenzler (Co-Founder Cosí, Kidville),
and Anthony DiMarco (13-time IRONMAN, former Managing Director,
Google). For more information, please visit the Company’s website
at https://www.rumbleboxinggym.com/
FORWARD LOOKING
STATEMENTS:
This press release contains forward-looking statements that are
based on current expectations, estimates, forecasts and projections
of future performance based on management's judgment, beliefs,
current trends, and anticipated financial performance. These
forward-looking statements include, without limitation, statements
relating to master franchise agreements of CycleBar, StretchLab,
and Rumble in New Zealand and the anticipated growth of Xponential
Fitness brands in New Zealand. Forward-looking statements involve
risks and uncertainties that may cause actual results to differ
materially from those contained in the forward-looking statements.
These factors include, but are not limited to, the impact of
COVID-19 pandemic on our business and franchisees; difficulties and
challenges in opening studios by franchisees; the ability of
franchisees to generate sufficient revenues; risks relating to
expansion into international market; and loss or reputation and
brand awareness; and other risks as described in the filings of
Xponential with the Securities and Exchange Commission. Other
unknown or unpredictable factors or underlying assumptions
subsequently proving to be incorrect could cause actual results to
differ materially from those in the forward-looking statements.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee
future results, level of activity, performance, or achievements.
You should not place undue reliance on these forward-looking
statements. All information provided in this press release is as of
today's date, unless otherwise stated, and Xponential undertakes no
duty to update such information, except as required under
applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211201005399/en/
David Robertson, Fishman Public Relations,
drobertson@fishmanpr.com or 847-945-1300
Xponential Fitness (NYSE:XPOF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Xponential Fitness (NYSE:XPOF)
Historical Stock Chart
From Jul 2023 to Jul 2024