Health and Fitness Club Industry News: Chains
Saturday, August 1st, 2026
Discover Strength and Minnesota Distance Elite Celebrate Partnership Success as Dakotah Lindwurm Heads to the Paris Olympics
Posted: June 19, 2024 in Chains
ST. LOUIS PARK, MN - Discover Strength is proud to celebrate the ongoing success of its partnership with the Minnesota Distance Elite (MDE) Running Training Group. This collaboration has already led to remarkable achievements, including MDE runner Dakotah Lindwurm qualifying for the Paris Olympics this summer! This successful partnership represents a significant milestone for both Discover Strength and the Minnesota Distance Elite Running Training Group. Read More...
Planet Fitness, Inc. Completes Refinancing Transaction; Announces $280 Million Accelerated Share Repurchase Program
Posted: June 18, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announces that it has completed its previously announced refinancing transaction. The Company also announces that it has entered into a $280 million accelerated share repurchase agreement (the "ASR Agreement") with Citibank, N.A. (the "Bank"). The Company will acquire shares under the ASR Agreement as part of its $500 million share repurchase authorization previously announced on November 8, 2022 (the "2022 Share Repurchase Program"). As of June 13, 2024, before giving effect to the ASR Agreement, approximately $355 million remained available for share repurchases pursuant to the 2022 Share Repurchase Program. Read More...
Xponential Fitness Announces Appointment of Mark King as Chief Executive Officer
Posted: June 17, 2024 in Chains
IRVINE, CA - Xponential Fitness, Inc. (NYSE: XPOF) (the "Company" or "Xponential Fitness"), one of the leading global franchisors of boutique health and wellness brands, announces that its Board of Directors has unanimously appointed Mark King as Chief Executive Officer effective June 17, 2024. Mr. King will also join the Company’s Board of Directors. At that time, Brenda Morris will cease serving as Interim CEO but will continue to serve as a member of the Company's Board of Directors. Read More...
Crunch Fitness Celebrates Grand Opening of Newest Location in Shawnee, Kansas
Posted: June 13, 2024 in Chains
KANSAS CITY, KS - Fitness Ventures LLC, a Crunch Fitness franchisee, unveils its newest location in Shawnee, Kansas, marking another milestone in the brand's expansion. The grand opening showcases a $5 million investment in a 40,000-square-foot, state-of-the-art fitness facility, designed to cater to a wide range of fitness enthusiasts. Fitness Ventures LLC, one of the largest growing Crunch franchisees, operating in over 25 states, owns Crunch Fitness Shawnee. Read More...
Planet Fitness Prices $800 Million Securitized Financing Facility
Posted: June 7, 2024 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") announces that it has priced $800 million of Series 2024-1 Class A-2 Fixed Rate Senior Secured Notes (the "Class A-2 Notes"), which consist of two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment term of five years, with an aggregate principal amount of $425 million and a fixed interest rate of 5.765% per annum, payable quarterly, and the Class A-2-II Senior Secured Notes with an anticipated repayment term of ten years, with an aggregate principal amount of $375 million and a fixed interest rate of 6.237% per annum, payable quarterly. Read More...
Crunch Fitness Announces its Newest Location in Kyle, Texas
Posted: June 5, 2024 in Chains
KYLE, TX - Crunch Fitness announces the upcoming opening of Crunch Kyle, a brand new 35,000-square foot gym with $11M in state-of-the-art equipment and amenities built from the ground up, is projected to open its doors in fall 2024. Crunch Kyle is owned by The Undefeated Tribe, one of the fastest growing franchises within the Crunch Fitness system. Founded by Tony Hartl in 2018, The Undefeated Tribe currently operates locations in Texas and Oklahoma, with 10 more gyms in development throughout 2024. Read More...
Life Time Hosting Exclusive Swim Clinics with Olympian Ryan Lochte
Posted: June 5, 2024 in Chains
CHANHASSEN, MN - Life Time (NYSE: LTH), which operates more than 500 indoor and outdoor pools nationwide, is teaming up with world-renowned swimmer, current World Record Holder, and 12-time Olympic Medalist, Ryan Lochte, to offer a series of swim clinics across several of its athletic country clubs. These exclusive clinics, available for all ages, will provide a unique opportunity to learn from one of the greatest swimmers in history in partnership with Life Time's leading aquatics experts. Read More...
Xponential Fitness and the American Cancer Society Collaborate to Recognize National Cancer Survivors Month in June
Posted: June 5, 2024 in Chains
IRVINE, CA - According to the American Cancer Society's Cancer Facts & Figures, 2024, it is estimated more than 2 million new cases of cancer will be diagnosed in the United States, and more than 600,000 people will die from the disease this year. This June, Xponential Fitness, a leading global franchisor of health and wellness brands, is collaborating with the American Cancer Society (ACS) for National Cancer Survivors Month, raising awareness and donations to aid research, advocacy, and patient support so that everyone has an opportunity to detect, treat and survive cancer. Read More...
EōS Fitness Partners with Houston Texans
Posted: June 4, 2024 in Chains
HOUSTON, TX - EōS Fitness, the fast-growing High Value/Low Price (HVLP) gym chain with over 125 locations open or on the way, is continuing to put down roots within the Houston community through its new partnership with the Houston Texans. EōS is now a proud sponsor of the Houston Texans Cheerleaders. Read More...
24 Hour Fitness to Launch New Fitness Formats Focused on Recovery Training and Longevity
Posted: June 3, 2024 in Chains
CARLSBAD, CA - 24 Hour Fitness, a 40-year leader in health and fitness, announces the launch of two new MODUS group fitness classes concentrating on improved recovery, physical resilience and quality of life as we age. Both classes represent a "prehab" approach to physical function: enhancing overall fitness to prevent injuries before they occur, all in a small group setting. Read More...
