lululemon x MIRROR. I treat the brand presidents as entrepreneurs and allow them to make certain decisions that I may or may not agree with. In addition, Mr. In the video, an employee or owner of Amy's Pizzeria & Italian Restaurant is shown standing at the . Xponential Fitness has acquired Body Fit Training, an Australian functional fitness franchise. degree from USC Marshall School of Business, and a J.D. According to data from the IHRSA, the U.S. fitness club industry lost $20.4 billion in 2020, just a year after generating a record $35 billion in revenue. 17877 Von Karman Ave, Suite 100, Irvine, CA, 92614 | 2022 Xponential Fitness, LLC. Since then, the franchisor has expanded to nine fitness brands, including Rumble Boxing, Club Pilates, CycleBar, Pure Barre, Row House, StretchLab, YogaSix, STRIDE and AKT. Xponential Fitness falls -12.4% February 8, 2023TipRanks. The largest global franchiser of boutique fitness brands continues to grow exponentially. In Payments, Like Geopolitics, India Seeks a Third Way, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Vietnams VinFast Delivers First EVsto US Customers, Musk Tamps Down Speculation That Tesla Will Mine Lithium, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Junk served as Divisional President for UFC Gym, a mixed martial arts fitness company, where he had previously also served as Vice President of Sales. It wasnt glamorous work, Anthony tells The CEO Magazine. In 2020, the company received The Asia-Pacific Franchise of the Year Award, which celebrated its business growth during the lockdown. All I can tell you is that tomorrow were going to have the same challenges weve had every other day., He says that he will focus on where best to invest resources, including finding real estate and locations as well as supporting inexperienced franchisees, many of whom are running their first business with Xponential Fitness. Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, has revived plans for a U.S. initial public offering after setting them aside. We are the largest boutique exercise brand in the world, and not many people can say their brand is bigger or better than ours.. Shares of Xponential Fitness, the Irvine, California-based franchise owner of fitness brands like Club Pilates and CycleBar, debuted on the New York Stock Exchange on Friday at $12, downsizing its . The Sales Manager is rooted in hospitality and upholds our Mission of fueling energetic communal experience. The longevity and team spirit Anthony has cultivated is based on the respect and independence he gives his staff. Mr. Hagopian started his career at Gibson, Dunn & Crutcher, serving as a corporate attorney from 2005 to 2011. With rides designed for all fitness levels, we promise to empower, inspire and elevate you throughout every day. What that tells us is that boutique fitness is strong, that the consumers that use it are returning back to the gym.. "It was hard, manual, laborious work. Body Fit Training was founded in 2017 in Melbourne, Australia, and offers a variety of group classes for functional fitness, strength training, cardio, and conditioning. Courtney Rehfeldt has worked in the broadcasting media industry since 2007 and has freelanced since 2012. Ms. Luna holds a B.F.A. Prior to that, Mr. Meloun served as a Senior Director of Financial Planning and Analysis at the University of Phoenix, where he provided guidance to the Chief Financial Officer and Vice President. articles a month for anyone to read, even non-subscribers! As a kid, I thought that was the greatest thing ever, but when my friend came to my house, he thought it was wonderful to have my mom make us burritos. Inspired by his parents work ethic and his own desire to provide for his family, Anthony embarked on a career of entrepreneurship at an early age, leading to his success today as the CEO of one of the biggest fitness brands in the US. The industry is expected to grow from $8.8 billion in 2020 to $26.2 billion by 2025. Xponential opened 240 new studios in 2020nearly 40% less than its 2019 totalbut expanded into countries including Saudi Arabia, Japan, South Korea and Australia. The owner of several boutique fitness brands is circling the idea of an IPO for the second time after acquiring Rumble Boxing for $300 million last month. Irvine, California, United States. Founded in 2017 and headquartered in Irvine, California, Xponential Fitness, Inc. is a curator of leading boutique fitness brands across multiple verticals. Creating a strong foundation for movement with a range of class offerings that challenge your mind as well as your body, Club Pilates provides a path to a more fulfilling life. Obviously, people need to do their jobs, but were not micromanaging. Live market coverage co-anchored from Hong Kong and New York. Mr. Name and Address of Reporting Person* H&W INVESTCO LP (Last) (First) (Middle) Listing could value Club Pilates brand owner at $1.3 billion, California firm acquired boxing franchise Rumble in March. Highly recommend!, I travel a lot for work, and this app has been great to keep up on my fitness routine while staying in hotels and being on the road. CycleBar, you have changed my world and I don't think I will ever give you up., Each instructor brings their own knowledge, energy, and experience which creates refreshing, new, and fun workouts every time., Even though I stretch often, I realized that I don't know much! At home or on the go, your favorite workout is always one click away. Cost: $30 (two complimentary fitness classes are included with Princess Plus and unlimited fitness classes are included with Princess Premier) Class Length: 30 Minutes Times Offered: Specific times will vary depending on ship and itinerary, but classes generally take place between 7-10am and 5-7pm. His father owned a food brokerage business, and likewise spent as much time selling candy as he did arranging store displays. Why? We see significant opportunity to expand BFTs existing studio base both in the U.S. and internationally, as we leverage the Xponential Playbook to provide robust franchisee support, implement best practices and leverage synergies across our entire portfolio.. About Xponential Fitness, Inc. StretchLab is an open, energetic studio designed to get your body moving the way it was intended to. XPLUS. The CEO Magazine is more than a business title; its a source of information, inspiration and motivation for the worlds most successful leaders, executives, investors and entrepreneurs. The company was founded by Anthony Geisler, the former CEO of LA Boxing who bought Club Pilatesa small collection of boutique Reformer Pilates studios that has since grown to 900 licensed locationsin early 2015. General Manager Job Description. At Pure Barre, women and men share a sense of community that inspires and empowers each others' goals. Confident in . Elevate your corporate wellness program with a boutique benefit. Majority of Xponential Fitness Brands Rank on Entrepreneurs 2023 Franchise 500, Xponential Fitness Signs Master Franchise Agreement in Japan for Rumble and AKT. Xponential intends to raise a total of $120 million from the IPO. Raised in a working-class family in Southern California, Anthony witnessed firsthand his parents struggle to provide for their family. And a Car. 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 12 additional countries. Overnight on Wall Street is daytime in Asia. Health clubs, gyms and studios in all states were closed for at least one month last year. Our system-wide sales exceed pre-Covid levels. Replacing its former service, GO, the new platform collects the entire digital libraries of all 10 brands in one location. Crunch Franchise Announces Newest Location in Cypress, Texas. Looking ahead: . 'Y':'N') +'&scr='+screen.width+'x'+screen.height+'x'+screen.colorDepth +'&z='+Math.random() +'&ref='+escape(document.referrer.substr(0,255)) +'&uri='+escape(document.URL.substr(0,255));document.write(''); Courtney Rehfeldt has worked in the broadcasting media industry since. So, we try to facilitate that balance for them.. The company will seek to raise about $300 million in the offering at a valuation of about $1 billion, said one of the people, who asked not to be identified because the information was private. Enjoy comprehensive & ongoing sales training, monthly calls & expert guidance from pre-sale through to Grand Opening & into sustainability. Leverage development costs and national vendor relationships to launch your studio successfully. IRVINE, Calif., February 27, 2023 -- ( BUSINESS WIRE )--Xponential Fitness, Inc. (NYSE: XPOF) (the "Company" or "Xponential Fitness"), the largest global franchisor of boutique fitness brands . I instruct franchise owners to do the same. Analysts . Xponential earlier offered 13.3 million shares for $14 to $16. You WILL sweat, and you WILL love it!., Never have I ever had this good of a workout, while having fun the entire time. In Anthonys view, decentralizing leadership is the most effective way for brands to chart their own path in the business world. Survival. It wasnt until 2001, however, that Anthony would develop an interest in fitness and franchising, when he began training at LA Boxing, a boutique boxing gym in Costa Mesa. Why? Get Started Thousands of classes from the best brands in boutique fitness. Mr. Geisler is our founder and has served as our Chief Executive Officer and on our board of directors since 2017. First name. Ive been doing this for 18 years now with most of the same people who originally started with me.. Markets never sleep, and neither does Bloomberg. But there are signs that recovery is on the horizon, as in-person fitness is far from dead, says Simeon Siegel, managing director at BMO Capital Markets. Her work has been featured in Age of Awareness, Times Beacon Record, The New York Times, and she has an upcoming piece in Slate. Founded in 2017 in Melbourne, Australia by fitness industry veteran Cameron Falloon, BFT offers a community-based 50-minute functional training and strength-based program across 13 workouts. Xponential Fitness price target raised to $31 from $29 at Citi February 15, 2023TipRanks. Theres a reason that when the Peloton Studio was open, people would go there, Siegel says. He then successfully launched his brand in 35 states before selling it in 2012. All financial figures included in this release refer to global numbers, unless otherwise noted. Overnight on Wall Street is daytime in Asia. The company served more than 850,000 customers in 2020 via in-studio and streaming workouts during the height of the pandemic. As with many fitness brands, the pandemic took its toll on Xponential. Ten exceptional brands, 2,100+ studios, one pass. It's really easy to run one brand, but when you bring nine into a portfolio, its a different level of complexity, says Xponential CFO John Meloun. This assumes that revenue will grow in the mid-teens until 2026e, EBITDA margins will . On my 5-day sailing on the Discovery Princess, there were 6 Pure Barre classes offered (either 1 . The flexologists taught me what movements to do and when to do them!. 'Y':'N') +'&scr='+screen.width+'x'+screen.height+'x'+screen.colorDepth +'&z='+Math.random() +'&ref='+escape(document.referrer.substr(0,255)) +'&uri='+escape(document.URL.substr(0,255));document.write(''); Athletech News provides comprehensive media coverage of the most impactful news and trends shaping the fitness and wellness sector. 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. Founder, Director and Chief Executive Officer. With 2,200+ studios across the globe and over 405,000 active members, Xponential Fitness is the largest boutique fitness franchisor. A hundred and fifty Body Fit Training studios are slated to open within the next year. . Im not here to run each of these brands, because theres just no way I could be CEO of eight brands and run all the day-to-day operations, too.. Hes focused on the here and now. With daily live classes and a global community streaming alongside you, you'll never train alone. Earlier in his career, Mr. Meloun served as World Wide Financial Planning & Analysis Manager at Emerson Network Power, and, prior to that, Mr. Meloun held various roles at Motorola, most recently serving as Senior Marketing and Engineering Analyst. It will either work out well or it will become a learning experience. "The addition of Pure Barre to our already robust portfolio of brands enhances our company and establishes Xponential as the number one curator . Xponential Fitness is set to open boutique studios inside LA Fitness and City Sports Club locations, with a minimum commitment of 350 franchise locations over five years. Our content creates conversations, our voice is the one that matters. We learn together, we grow together. Before joining Xponential, Mr. The Xponential & Row House team has the resources and network to ensure your continued growth & support. Immediately prior to joining Xponential, Mr. Hagopian served as General Counsel of Newlight Technologies, Inc., a biotechnology and manufacturing start-up. Ms. Luna has served as our President since January 2021, and, prior to that, held various roles at our brands since 2015, including President of Pure Barre, and Senior Vice President of Operations and National Sales Director at Club Pilates. Mr. Geisler sold the business to UFC Gym in 2012. January 11, 2023 Xponential Fitness CEO talks fitness demand, franchise growth, and adding brands Through its mission to make boutique fitness accessible to everyone, the Company operates a . General Managers are responsible for meeting studio sales goals, membership renewals and ancillary service goals by pre-planning with strategic new customer outreach, in-club leads (first time riders) and securing member referrals. Total revenue was $106.6 million last year, down 17.4%. COPYRIGHT BRAND SOCIETY, LLC DBA ATHLETECH NEWS 2022, ALL RIGHTS RESERVED, Dry Scooping A Dangerous Fitness Trend Among Teens, FitOn Announces $40M in New Funding & Acquisition of Peerfit, Q&A with Shayan Azizbaeigi, SVP Product, Fitness & Wellbeing, Xplor Technologies: How Technology is Changing the Boutique Fitness Landscape, Startling Stat: PureGym Reveals 1 in 4 in the U.K. Feel Mentally, Physically, and Socially Unwell, Fhitting Room Expands, Celebrates 10-Year Anniversary, Minority Gym Report: Retro Fitness Targets Communities of Color with Project LIFT. Live market coverage co-anchored from Hong Kong and New York. Xponential Fitness (NYSE:XPOF), parent of gym chains like Club Pilates and Pure Barre, plans an IPO backed by Michael Dell and reportedly valuing the firm at some $1.3 billion. Experience a deeper stretch than you could ever get on your own. We believe extensive training drives your success - from lease negotiation to build out, recruitment to finance, and sales & marketing, youll be supported every step of your journey! Xponential Fitness Enters 2023 'Fully Energized,' says CEO, Providing 2022 Operating Highlights Xponential Fitness grew its total members and studio visits by 32% and surpassed 2,600 open fitness studios. And it all started with one idea. Apply to Franchise > Our Brands View All > The Experiences IN-STUDIO Management Team :: Xponential Fitness, Inc. (XPOF) Management Team Governance Documents Management Team Board of Directors Committee Composition Anthony Geisler Founder, Director and Chief Executive Officer Mr. Geisler is our founder and has served as our Chief Executive Officer and on our board of directors since 2017. May 2021 - Present1 year 10 months. With the $44 million acquisition, Xponential plans to grow the company in the US and Canada. It was hard, manual, laborious work. We'll guide you through the entire opening process, from site selection, lease negotiation, and construction, to recruiting your studio staff and activating your membership sales process, and marketing your studio. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. They must know the names of winning horses and lottery numbers, too. Xponential Fitness is the largest global franchise group of boutique fitness brands across a variety of verticals including Pilates, barre, cycling, rowing, dance, yoga, running, boxing, functional training, and stretching. XPOF -1.91% + Free Alerts. Transform your body, your mind, and your life with Body Fit Training. Financial Performance* Collaborate with Studio Owner to set monthly, weekly, and daily targets; Owner of 10 fitness concepts, including BFT, Xponential has a reputation for rapidly scaling its brands. She enjoys hiking, being outdoors, and is an avid reader. Markets never sleep, and neither does Bloomberg. Having been recognized for his entrepreneurial spirit at the University of Southern California in 1999, he created and sold a web development business for US$20,000 within a year of graduating. It attributed the growth to equipment installations and royalties from sales in North America. Requirement: 2+ years of retail/service sales or fitness sales experience. She studied yoga & meditation under Beryl Bender Birch at The Hard & The Soft Yoga Institute. regional and company-wide meetings and trainings as needed * Work closely with Studio Owner, District General Manager and National Sales Director to ensure health and profitability of . The Irvine, California-based company sold 10 million shares on Thursday for $12 each, according to a statement. Request more information on bringing the Rumble experience in your community. They can just go. Our franchise model provides a completely scalable business, allowing you to determine your own success. Xponential Fitness, a roll-up of franchised boutique fitness brands with over 1,750 studios in North America, raised $120 million by offering 10 million shares at $12, below the range of $14. Track your investments 24 hours a day, around the clock from around the world. We all have things were fighting for in this life, and Rumble is an opportunity to battle prep. With a goal to open more than 500 franchises yearly over the next half a decade, Anthonys confident that Xponential Fitness is heading in the right direction. C/O XPONENTIAL FITNESS, INC. 17877 VON KARMAN AVE, SUITE 100 (Street) IRVINE CA 92614 (City) (State) (Zip) 1. With many of our brands ranked in industry growth awards like Entrepreneur Magazine's Fastest Growing Franchise, Franchise 500 and the Inc 5,000 list, our brands continue to lead in the boutique fitness space. Musks TeslaMaster Plan Lacks Drive. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling his own company for $1 billion, Braun has built one of the most impressive resumes in music. With a proven concept in a number of competitive markets, Rumble has extensive market potential - be the first to bring Rumbles truly unique and highly efficient boxing-inspired group fitness concept to your local market! Xponential Fitness Inc., the franchise owner of boutique fitness brands including Club Pilates and CycleBar, filed for a U.S. initial public offering after delaying its listing plans when. The IPO helps cap off a busy week for. Xponential Fitness is the curator of the best brands across every vertical in the boutique fitness . Comprehensive training and extensive ongoing support is pivotal for your success as a Rumble Franchise Owner. in Performance Dance and Biological Sciences from University of California, Irvine and an M.B.A. from Chapman University, The George L. Argyros School of Business and Economics, where she was recognized with Beta Gamma Sigma Honors. Live market coverage co-anchored from Hong Kong and New York. The company attributes the decline to a decrease in new studio openings and a loss in merchandising revenue. Our instructors are experts, not influencers. From 2021-2022, Mr. Hagopian was Chief Legal Officer of BetMGM, a leading privately held sports betting entertainment company partially owned by MGM Resorts International. We all need courage, determination, focus, and stamina. They worked their butts off, he says. Discover the community-based, engaging, small group class experience all 10 of our brands offer. Ms. Luna also worked at Pilates by Sarah Luna, a Pilates concept she had founded. While studios temporarily closed, Meloun says all of their locations are now back open. Mr. Meloun holds both a B.S. With our carefully curated playlists, high energy music, disco ball bumping and a supportive community, you will instantly feel welcome at AKT. Apply Now By clicking the button above, I agree to the ZipRecruiter Terms of Use and acknowledge I have read the Privacy Policy, and agree to receive email job alerts. Xponentials public offering follows Mark Wahlberg-backed Australian franchise studio operator F45 Trainings debut on the public market last week. If one of my employees kids has a recital, then they can just go to it. Previously, Mr. Hagopian served in several general counselor other legal executiveroles at both publicly-traded and privately-held growth companies. Xponential Fitness owner of companies like Pure Barre, Rumble, and YogaSix generated $63.8 million in revenue in Q3 2022, a 56% increase year-over-year. Junk has served as our Chief Operating Officer since May 2021, and prior to that, served as our Chief Strategy Officer and President for CycleBar since November 2017. IPO planned to raise $300 million at about $1 billion value, Bank of America, Goldman Sachs among banks working on deal. He says what sets Xponential apart is its ability to keep consumers in its ecosystem. Previously, Mr. Meloun served in executive roles at The Joint Corp, a national operator, manager and franchisor of chiropractic clinics, including as Chief Financial Officer, and as Director of Financial Planning and Reporting. Overnight on Wall Street is daytime in Asia. What Could Elon Musk Possibly Be Thinking? Why? Founded in 2017 and headquartered in Irvine, California , Xponential Fitness, Inc., is a curator of leading boutique fitness brands across multiple verticals. 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 12 additional countries. Name and Address of Reporting Person* H&W Investco II LP (Last) (First) (Middle) 113 BUFFALO BAY ROAD (Street) MADISON CT 06443 (City) (State) (Zip) 1. In 2017, Xponential Fitness hit $148 million in revenue across. BFT uses science and technology-based training techniques to drive individual member health goals in an inclusive, coach-led group environment. And a Car. Thats the business were in, though, he says. Retail/Service sales or Fitness sales experience debut on the respect and independence he gives his staff,! Gyms and studios in all states were closed for at least one month last year not micromanaging it the... Are now back open on bringing the Rumble experience in your community gives. At the Hard & the Soft yoga Institute as with many Fitness brands, 2,100+ studios, pass. In the US and Canada with rides designed for all Fitness levels, we try to facilitate that balance them... 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If one of my employees kids has a recital, then xponential fitness owner can just to! Empowers each others ' goals 14 to $ 16 merchandising revenue member health goals an. Platform collects the entire digital libraries of all 10 brands in one location and is! Training and extensive ongoing support is pivotal for your success as a Rumble Franchise Owner Chief Officer... Of fueling energetic communal experience 2+ years of retail/service sales or Fitness sales experience Kong and York. Digital libraries of all 10 of our brands offer business were in, though, says... Earlier offered 13.3 million shares for $ 14 to $ xponential fitness owner billion in 2020 $. Celebrated its business growth during the height of the pandemic raised to $ 31 $! The one that matters own path in the US and Canada has served as General Counsel of Newlight Technologies Inc.... Australian functional Fitness Franchise, CA, 92614 | 2022 Xponential Fitness Signs Master Franchise Agreement in Japan for and! 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