World’s Largest Boutique Fitness Franchisor
also Celebrates 350th Studio Open Outside of North America as Club
Pilates Further Expands Its Presence in Europe
Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential”), the
largest global franchisor of boutique fitness brands, announced
today it has signed a Master Franchise Agreement in France for its
Club Pilates brand, representing Xponential’s 19th international
country outside of North America. The agreement, signed with TCMP
Fitness, LP and its partners Susan and Chris Fichaud, gives the
Master Franchisee the opportunity to license a minimum of 75 Club
Pilates studios in France over the next 10 years. The master
franchise partners have eight years of experience bringing the Club
Pilates brand to local markets and assembling highly-qualified
teams, and also recently signed master franchise agreements to
develop Club Pilates in Ireland and Switzerland. TCMP Fitness, LP
is Xponential’s third domestic franchisee to expand its operations
internationally.
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Xponential Fitness' Club Pilates studios
offer low-impact, full-body Reformer Pilates-based workouts with a
variety of classes that challenge your mind as well as your body.
Club Pilates offers a supportive and inclusive environment for
individuals looking to improve their fitness and well-being through
the practice of Pilates. (Photo: Business Wire)
The latest Club Pilates agreement, Xponential’s first Master
Franchise Agreement in France, will build upon the brand’s growing
platform of studios currently operating across Spain and Germany as
well as its development agreements in place for Austria, Ireland,
the Netherlands, Portugal, Switzerland, and the UK. This expansion
will allow Xponential to continue tapping into the extensive
European Pilates & yoga studio market, which is projected to
reach $71.2 million by 2030 according to Allied Market
Research.
“France is the third largest fitness market in Europe and Club
Pilates is perfectly suited to appeal to discerning French
consumers looking for an outstanding workout and a supportive
community of like-minded customers,” said John Kersh, Chief
International Development Officer of Xponential Fitness. “We have
high expectations for Club Pilates in France and we are excited to
continue to support Chris and Susan on their long-term development
and franchising efforts.”
"We are thrilled to bring Club Pilates to the vibrant market of
France, where health and wellness are cherished values," said Susan
and Chris Fichaud. "Xponential’s support and guidance have allowed
us to grow our presence from one studio to the entire North Houston
area and three countries across Europe. With a passionate team and
a proven business model, we're excited to expand the Club Pilates
brand and empower communities across the country to embrace the
transformative power of Pilates."
The agreement signals the growing demand for Xponential brands
outside North America and specifically in Europe. Xponential is
also celebrating its 350th studio opening outside of North America
with StretchLab Rozelle in Sydney, Australia. A number of brands
have recently debuted their first studio in a new country,
including StretchLab’s first location in Mexico and Rumble and
CycleBar’s first locations in Kuwait. Xponential currently has
multiple brands’ studios operating or in development in 21
countries across North America, Europe, and the Asia Pacific
Region. In addition to the Club Pilates franchise agreements
recently signed across Europe, Xponential has also entered into
master franchise agreements for StretchLab, AKT and Rumble in
Japan.
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 49 U.S. states and
Canada, and through master franchise or international expansion
agreements in 19 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
https://xponential.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 expected growth of our business; continuation of
revenue; expected continued relationships with franchisees and
vendors; projected franchise resales; projected studio financial
returns; projected number of net new studio openings; anticipated
industry trends; projected financial and performance information
such as system-wide sales; projected annual revenue; our
competitive position in the boutique fitness industry; and ability
to execute our business strategies. 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, our
relationships with master franchisees, franchisees and
international partners; 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; general economic
conditions and industry trends; and other risks as described in our
SEC filings, including our Annual Report on Form 10-K for the full
year ended December 31, 2022 filed by Xponential 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 undertakes no duty to
update such information, except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230711873624/en/
Media Contact: Carol Rogalski, TOP Agency,
xponential@prhacker.com, +1-425-890-4747
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