Xponential Fitness Signs Master Franchise Agreement in Portugal for Club Pilates
November 04 2022 - 9:04AM
Business Wire
World’s Largest Pilates Brand Will Further
Expand Its Presence in Europe
Xponential Fitness, Inc. (NYSE: XPOF) announced today it has
signed a Master Franchise Agreement in Portugal for its Club
Pilates brand. The agreement, signed with Porto-based Mitrinha
& Libelinha, Lda., gives the Master Franchisee the opportunity
to license a minimum of 20 Club Pilates studios in Portugal over
the next 10 years. The Master Franchise partners bring extensive
experience scaling globally-recognized consumer retail brands in
Portugal.
With six Club Pilates studios currently operating in neighboring
Spain and development agreements in place for the UK and Germany,
the Portugal deal represents a further extension of Xponential’s
reach across Europe. According to data from the International
Health, Racquet & Sportsclub Association, the European fitness
industry generates more than $30 billion annually, second only to
North America, making it a priority region for Xponential’s
international expansion. Recent findings from an Allied Market
Research report showed that the European Pilates & yoga studios
market size is projected to reach $49.4 million by 2027, growing at
a CAGR of 13.05% from 2021 to 2027.
“The Portuguese fitness market is vibrant and growing, and Club
Pilates is an ideal brand to launch in the market as interest in
boutique fitness grows and as our business in Spain accelerates,”
said John Kersh, Chief International Development Officer of
Xponential Fitness. “We look forward to working with our partners
in Portugal as we bring Club Pilates to even more customers across
Europe.”
The agreement marks the continued expansion of Xponential
Fitness outside North America. The company currently has multiple
brands’ studios operating or in development in 16 countries across
North America, Europe, Asia, and Australia. Most recently in 2022,
Xponential signed master franchise agreements for Club Pilates in
Mexico and the U.K., for CycleBar in Japan, and for Club Pilates,
StretchLab, CycleBar, and Rumble in Kuwait.
Club Pilates is backed by Xponential Fitness, the largest global
franchisor of boutique fitness brands which also include Pure
Barre, Rumble, StretchLab, CycleBar, Row House, YogaSix, AKT, Body
Fit Training, and STRIDE Fitness.
For more information about Xponential Fitness visit
www.xponential.com.
ABOUT CLUB PILATES:
Founded in 2007, Club Pilates is the largest Pilates brand by
number of studios, designed with the vision of making Pilates more
accessible, approachable and welcoming to everyone. Based in
Irvine, CA, Club Pilates has appeared in both Entrepreneur
Magazine's Franchise 500 and Fastest-Growing Franchises six years
running, and Inc. Magazine's Inc. 5000 lists multiple times. Club
Pilates offers extensive training certification for its
instructors. Its 500-hour training program includes instruction on
Pilates, barre, Triggerpoint, and TRX Suspension Trainers. Club
Pilates is headquartered in Irvine, CA and backed by Xponential
Fitness, the largest franchisor of boutique fitness brands. To
learn more about Club Pilates, visit
https://www.clubpilates.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 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 14 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, the largest assisted stretching brand in the United
States; 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
program. For more information, please visit the Company’s website
at https://xponential.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221104005145/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