New Agreement Will Bring StretchLab, Rumble and
AKT Studios to Mexico, the 14th country for Xponential Fitness
Xponential Fitness, Inc. (NYSE: XPOF), the largest global
franchisor of boutique fitness brands, announced today that it has
signed a Master Franchise Agreement in Mexico for three of its
brands: StretchLab, Rumble and AKT. The agreement provides the
Master Franchisee with the opportunity to license at least 60
studios across the three brands to potential franchisees in Mexico
over the next 10 years. As of December 31, 2021, Xponential had
over 2,100 open studios worldwide, operating in 10 countries and
across four continents.
The Mexico Master Franchisee is a division of Grupo ITISA, one
of Mexico’s largest companies in the infrastructure sector. Grupo
ITISA is also involved in the hospitality sector as franchise
development partners for Danish furniture store Bo Concept and
American family entertainment brand Chuck E. Cheese.
“Mexico is the third largest country in the Americas in terms of
number of fitness facilities and now is an outstanding time for
Xponential Fitness to enter that market,” said John Kersh, Chief
International Development Officer for Xponential Fitness. “We are
excited to partner with Grupo ITISA and are confident that Danny
Arditti and his exceptional team are the right people to develop
the Xponential brands across the country.”
Danny Arditti, Brand Director of the newly-developed fitness and
wellness business for Grupo ITISA, is motivated to expand
Xponential Fitness’ reach into Mexico. Arditti is responsible for
leading, designing and implementing the business strategy for the
growth of both existing and new successful concepts for the
company.
“We feel privileged to bring Xponential’s world-class boutique
fitness offerings to Mexico and look forward to diversifying our
successful platform of high-end brands already present in Mexico,”
said Arditti.
Xponential Fitness continues to make significant progress in its
international expansion, with successful studio launches in
Australia, Dominican Republic, Japan, New Zealand, Saudi Arabia,
Singapore, South Korea and Spain, along with future studios planned
in Austria, Germany and the UK. 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 150 studios currently operating in
Australia, New Zealand, Singapore and the United States as of
December 31, 2021.
These international deals will keep the momentum going for
Xponential Fitness. Further enhancing this accessibility to
multiple modalities, in April 2022, Xponential Fitness launched its
new digital platform Xponential+ (“XPLUS”), providing live and
on-demand access to the same sought-after workouts offered in
thousands of studio locations around the globe. Xponential Fitness
also just recently announced its collaboration with
lifestyle-inspired athletic apparel company lululemon to create
original fitness programming for the MIRROR, the retailer’s smart
home gym offering that boasts a robust workout library of over
10,000 on-demand classes.
For more information about Xponential Fitness and to learn more
about its various franchise opportunities, visit
www.xponential.com.
ABOUT XPONENTIAL
FITNESS:
Xponential Fitness, Inc. (NYSE: XPOF) is the largest global
franchisor of boutique fitness brands. 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. 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 Canada, and through master franchise or international
expansion agreements in 12 additional countries. Xponential
Fitness' portfolio of brands includes Club Pilates, the largest
Pilates brand in the United States; CycleBar, the largest indoor
cycling brand in the United States; StretchLab, a concept offering
one-on-one and group stretching services; Row House, the largest
franchised indoor rowing brand in the United States; AKT, a
dance-based cardio workout combining toning, interval and circuit
training; YogaSix, the largest franchised yoga brand in the United
States; Pure Barre, a total body workout that uses the ballet barre
to perform small isometric movements, and the largest Barre brand
in the United States; STRIDE, a treadmill-based cardio and strength
training concept; Rumble, a boxing-inspired full-body workout; and
BFT, a functional training and strength-based program. For more
information, please visit the Company’s website at
xponential.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on current expectations, estimates, forecasts and projections
based on management's judgment, beliefs, current trends, and
anticipated performance, including statements regarding the timing
of opening and number of additional studios in Mexico.
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 the COVID-19 pandemic on our business and
franchisees; our relationships with master franchisees and
franchisees; difficulties and challenges in opening studios by
franchisees; the ability of franchisees to generate sufficient
revenues; risks relating to expansion into international markets;
loss of reputation and brand awareness; material weakness in our
internal control over financial reporting; and other risks as
described in our SEC filings, including our Annual Report on Form
10-K for the full year ended December 31, 2021 filed by Xponential
Fitness with the SEC and other periodic reports filed with the SEC.
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 Fitness
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/20220510005374/en/
Media Contact: 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