FIT Report – April

The latest updates and news stories happening in the fitness and wellness industry in the Asia-Pacific region.

READ THIS MONTH’S HEADLINES

  • Coming soon: lululemon Studios will feature digital content on its MIRROR product and access to IRL classes at premium boutique brands. The initial launch will include: Pure Barre, Rumble, Y7 Studio, YogaSix, AKT, FORWARD__Space, DOGPOUND, and AARMY
  • Smart ring maker ŌURA secured new capital, valuing the company at $2.55B. They also added features to monitor wellness of the waking hours and introduced a monthly subscription membership
  • Core Health & Fitness has acquired Wexer – expect future collaborations to build an even more diverse digital ecosystem and delivering omnichannel experiences
  • Mindbody unveils Mindbody Capital to help power wellness and fitness industry’s recovery. And they are looking to go public in 2023, pending market conditions
  • Selena Gomez, Mandy Teefey and Daniella Pierson announce the first drop of Wondermind, the world’s first mental fitness ecosystem with a mission to democratize and destigmatize mental health globally via daily editorial content, insightful entertainment, and tangible tools.
  • The Global Health & Fitness Alliance (GHFA) announced the election of Andrea Bell as the new Chair and Richard Beddie as Vice Chair of the GHFA Advisory Council – aims to establish the health and fitness sector as an essential service and key contributor within the healthcare continuum
  • Private equity firm HighPost Capital acquired Chris Hemsworth’s digital fitness app Centr and equipment maker Inspire Fitness. Bloomberg reports that Centr is now worth US$200 million after the acquisition and merger
  • UFC 275 coming to Singapore on 12 June – Fans will witness live the very first pair of UFC world title fights ever to be held in Southeast Asia on the first major global Pay Per View event
  • iFIT withdraws its $600M IPO
  • Indoor active entertainment company Bounce has acquired competitor Latitude in a bid to double its footprint in shopping malls. This acquisition takes the company’s venue total to 16 outlets in Australia, with licensees operating a similar number overseas
  • World swimming governing body FINA’s annual development report confirms its global mission to elevate aquatics
  • Aquababies has travelled to Spain to kick start the launch of their newest franchise ‘Aquababies Spain’ and classes have been going down a storm within the local community
  • Fitness and Lifestyle Group has announced the appointment of former Audible Director Sara Dunseath to a newly created position as General Manager of Marketing and Public Relations for Australasia.
  • New Zealand exercise industry will welcome the removal on mandates, and are looking forward to everyone returning to gyms and facilities around the country
  • New Zealand Olympic medallist, Commonwealth and World Champion Shot Putter Dame Valerie Adams Becomes Snap Fitness’ Newest ambassador
  • Female fitness franchise Curves is spotlighting its commitment to Gen-X women in their 40s and 50s, and highlights that the Curves 30-minute circuit workout is a fun fitness solution designed to suit their busy lives
  • VIVA Leisure has multiple great updates like entering the WA market with the acquisition of Plus Fitness Alkimos, having 142 corporate locations, up from 132 locations. They also opened 5 new locations
  • Plus Fitness, one of Australia’s leading 24/7 gym franchise networks, will undergo a major rebrand across its nearly 200 clubs that will see the franchise revitalise its brand and club design as it enters its next stage of growth.
  • Absolute You celebrates their 20th anniversary
  • V3 GROUP filed for (IPO) on The Stock Exchange of Hong Kong (SEHK) The group owns the OSIM brand – known for its massage chairs and relaxation products; luxury tea brand TWG Tea; nutritional supplement retailer ONI Global.
  • GOQii, an Indian health & fitness app, raised $10M in an extended Series C round led by Animoca Brands to launch its health metaverse.
  • India-based men’s and women’s health startup Janani pulled in $2.2M in a funding round by Y Combinator, Olive Tree Capital, and others
  • IHG Hotels & Resorts has unveiled the Regent Phu Quoc resort in Vietnam – its first destination in South East Asia under its luxury Regent Hotels & Resorts brand.
  • Doctor Anywhere is excited to introduce Felix Ignatius Tanumihardja as GM of DA Indonesia, who will be leading the team in their expansion into the largest economy in SEA
  • SG, Congrats to the new launch of Ascend Fitness – the first of its kind to house 3 unique workout concepts, featuring RIDE, EXERGAME 4D (gamification, motion sensors) and EXERSTRENGTH
  • Grityard has opened their new studio in the CBD of Singapore
  • Kali Majapahit Martial Arts opened its 4th location in Singapore at Sentosa Cove
  • Tribal Fitness is hosting their first retreat in Bali this July! All the best to JK and his team
  • Cru cycle is the exclusive partner for OCBC cycle 2022 – Asia’s largest outdoor spin experience rolling out 100 bikes at OCBC Square, SG (7-8May).
  • Chinese fitness tech company Speediance, maker of a Tonal-like connected machine, raised ~$1.5M in Pre-A funding.
  • Life Designer School Taiwan completed their first ISSA Certified PT class
  • Core Health & Fitness announces the arrival of its next generation of indoor cycling bikes – Schwinn X & Z – simplifying the user experience while expanding instructor possibilities.
  • NASM expands global access to its online PT program – now available in Arabic and Chinese to support fitness professionals globally.
  • FLG has unveiled a series of digital product and IT innovations – fully digital joining experience with user insights, an original and humorous gym safety video and enhanced business analytics, office software and network infrastructure
  • Myzone was awarded a FIBO Innovation and Trend Award at the event earlier this month, winning the Health and Prevention category for the MZ-Switch device
  • UBX and 12RND are uniting under one brand, UBX: Boxing + Strength – ready for their global expansion. With continued growth in AU, NZ, SG & UK
  • Having recently announced partnerships with Salsation and GO24 Fitness, OliveX Fitness Metaverse continued its rapid expansion, bringing Stages Cycling on board ahead of the launch of the audio-based blockchain cycling game – Dustland Rider.
  • Angela Lee Becomes First-Ever Mum Champion in One Championship
  • Lululemon kicked off the 2022 edition of their annual virtual Run For Good challenge – aiming for a collective distance of 50,000km clocked on Strava from 18 – 24 April.
    Once their target is achieved, they will pledge SGD25,000 to Running Hour – an inclusive running club that promotes the integration of people with special needs

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An incredible collection of 2022 APAC trends, insights, perspectives, news stories and statistics. This year's report will be free for download to all industry professionals. Reserve your copy now and receive it in your inbox on 1 December 2022.