All Fitness articles – Page 12
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ArticleiFit Health & Fitness raises $355 million in capital, names co-presidents
Months after abandoning a $650 million initial public offering due to unfavorable market conditions, iFIT Health & Fitness, formerly known as Icon Health & Fitness and parent of the NordicTrack, Weider and ProForm fitness brands, amongst others, has raised $355 million in capital from L. Catterton, the largest global consumer-focused ...
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News briefsTherabody plans to expand brick-and-mortar presence
Therabody, the digitally native specialist in wellness technology, has announced plans to open six new standalone retail locations across the U.S. in 2022. Three opened in January, including White Plains in New York state, Caesars in Las Vegas, and Santa Monica, California. Three more are expected to open soon in ...
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News briefsGermans invest in home fitness
A representative study by the German Industry Association for Fitness and Health (DFIG) has found that home fitness continues to be a growth market in Germany. The Covid-19 pandemic has boosted the market, and this trend continues. The survey shows that: 50 percent of households in Germany purchased fitness ...
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News briefsPrecor has a new VP
Peloton has named former Microsoft veteran Betsy Webb, who joined the fitness company last summer, to head its Washington-based subsidiary Precor, part of Peloton Commercial. She replaces Rob Barker, who left the company last week after 27 years. He is reportedly focusing on his investment business and moving to Europe ...
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News briefsKettler launches fitness app
Fitness equipment provider Kettler, whose licensing rights have been held by Swiss distributor Trisport since 2019, wants to get involved in the (paid) connected fitness sector. For this purpose, it just launched the new English-language HOI by Kettler Fitness App, which customers can test for free until May 2022. Access ...
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News briefsFIBO 2022 holds on to April event in Cologne
The organizers of FIBO are committed to a return to normality in 2022. After a two-year absence, the global fitness show is to return as a physical show on April 7-10 in Cologne, Germany, with” the best possible health and safety protection for all attendees,” Koelnmesse says. One day before ...
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News briefsWithings acquires health and fitness app 8fit
Withings, a French electronics company with offices in the U.S. and Hong Kong and focusing on at-home connected health, announced the acquisition of 8fit, a global health, fitness and wellness app with more than 40 million downloads, launched in Berlin in 2014. Available in six languages, 8fit provides its users ...
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News briefs
Escalade buys Brunswick Billiards from Life Fitness
Escalade has agreed to take over Brunswick’s billiards business from Life Fitness. Brunswick has been selling billard tables and related products since 1845. Escalade is already involved since 1977 in the sector and the broader indoor recreation market. Aside from Stiga tennis tables and Accudart and Uncorn darting products, it ...
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News briefs
Peloton sues iFIT and Echelon Fitness again
Peloton Interactive is suing iFIT and Echelon Fitness in a federal Delaware court, accusing them of infringing on its four patents for on-demand exercise classes and other features, including two patents inherited through its acquisition of Precor. Peloton sued Echelon in 2019 for patent infringement and for copying its business ...
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Article
Softer home fitness demand drives Beachbody into a loss
In its first financial report since going public, The Beachbody Company said it suffered a 17 percent decline in revenues to $208.1 million for the third quarter ended Sept. 30 because of a drop of 5 percent in online revenues to $94.1 million and a 29 percent decrease in Nutrition ...
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News briefs
Garmin performed better in fitness than outdoor in Q3
The fitness segment outperformed the outdoor segment in Garmin’s third quarter, ended on Sept. 25, but the company is still predicting 17 percent growth in both segments for the full financial year. Outdoor segment revenues fell by 3 percent to $323.8 million, due primarily to the timing of new product ...
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News briefs
Schildkröt launches new fitness products
Germany’s MTS Sportartikel Vertriebs is introducing a new range of products as part of its Schildkröt fitness product line. It consists of a new push-up multi-trainer board, a sit-up trainer and a shaping loop set with three elastic loops at different strength levels. Besides that, the German brand is going ...
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News briefs
Amazon Halo adds three fitness services
Capitalizing on the strong global fitness trend, Amazon will be adding three services to its Amazon Halo subscription fitness service for the holidays at the end of the year: a health tracker, called Halo View; a video service for home workouts, called Halo Fitness; and a custom, guided meal planner, ...
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Article
iFIT Health & Fitness seeks $6.7 bn valuation
iFIT Health & Fitness, the Utah-based fitness equipment supplier formerly called Icon Health &Fitness, is proposing a price per share of $18 to $21 for its initial public offering (IPO), which is likely to take place sometime next week. The parent of brands such as NordicTrack and ProForm plans to ...
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News briefs
Expo 2020 Dubai will celebrate sports and fitness in 5,400-square-meter dedicated hub
Expo 2020 Dubai has unveiled its Sports, Fitness and Wellbeing Hub, a 5,400-square-meter space that will offer a large range of free sporting activities and an entire zone dedicated to fitness and wellness. The Hub features a multi-sports area for basketball, volleyball, tennis and netball, as well as a five-a-side ...
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Short stops
Sept. 7/8 Short Stops: Allbirds - China Fish - Decathlon – Dior - FootJoy – Head - Jordan - Lenzing - Life Fitness - Prince/Reebok - Racer - The Athlete’s Foot
Corporate: +++ A private equity company, Capidea, has acquired the majority of the shares in the Westin and Kinetic brands of fishing tackle products from Denmark’s Fairpoint Outdoors, without a change in their top management +++ Racer, a French manufacturer of ski and other sports gloves ...
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News briefs
Asics invests in the training of fitness coaches
Asics Ventures has made an investment in Deportare Technologies, a Japanese firm that operates an online fitness academy that is supposed to train fitness coaches, certifying them as “healthcare catalysts.” The company was set up in July 2020 by Yuma Takashita, the founder of the exclusive Deportare Club in Tokyo, ...
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News briefsTrisport unveils innovative home fitness brand “HOI by Kettler”
Source: Kettler HIO by Kettler home training set Kettler is opening a new chapter in its brand history and product development: Under the name “HOI by Kettler,” an innovative line of fitness equipment for home use will be launched in October. The new name also conveys a ...
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News briefs
Spain’s Mundo Fitness posted record sales ahead of a merger
According to CMDsport, Mundo Fitness Europe posted record annual sales for 2020 of €12.78 million ahead of its merger with another company, exceeding the previous year’s sales by 138 percent. Net profits of €1,004,436 were up year-on-year by 2.5 percent. The Spanish-based retailer specializing in fitness equipment operates chiefly through ...
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News briefs
UKactive and Sport England launch digital strategy for the fitness sector
UKactive has announced the launch of its Digital Futures strategy, in partnership with Sport England, to improve the digital processes used by fitness and leisure operators. The strategy will support them with the latest benchmarking tools, providing guidance and insight to modernize and grow. Digital Futures is part of UKactive’s ...
