FIT Report – Sept 2022

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

This month’s vlog was shot at AIBI Maxwell. Many thanks to the AIBI team for their support and hospitality.

READ THIS MONTH’S HEADLINES

  • Therabody, maker of wellness and recovery products, raised $165M in a growth equity round led by North Castle Partners.
  • Redesign Health, a firm acting as a launchpad for healthcare startups, secured $65M in a Series C round, valuing the company at $1.7B.
  • Tonal, the US based at home connected fitness company, is looking to raise $100M in funding, at a $1.9B valuation, for expansion.
  • Advanced Human Imaging (AHI) acquired Wellteq Digital Health in an all-share acquisition
  • Former Founder and CEO of TRX, Randy Hetrick has teamed up with Private Equity Veteran Jack Daly of JFXD Capital to acquire the recently bankrupt TRX – great to see the brand with new life breathed into it.
  • We have also now nearly finalised our agenda and speaking faculty for our APAC Festival in Bangkok, Thailand. Do check out our website and book your tickets to attend today.
  • Australian corporate well-being platform Sonder secured AU$35M in a series B – looking to expand beyond Australia and New Zealand into other international markets
  • Genesis Health and Fitness celebrates 25 years! Congrats to Ian and the team.
  • S30 Studio has now launched their 7th Studio in Cockburn, WA! The family-run franchise is the first of an accelerated growth expansion plan, looking to triple their studio network by July 2023.
  • STRONG Pilates launched 2 new locations Essendon & Fortitude Valley. One site being a converted warehouse, and the other previously a boutique gym.
  • Fitstop opened 3 new locations including another launch in New Zealand and opening their 90th location. What a huge milestone for Pete and the team!
  • Anytime Fitness AU has a great One Day Sale results in Aug – 13,770 new members joined across 540 clubs. They hit their highest member number of all time with 583,903
  • StretchFit Brisbane celebrates 18 months since opening! They also have a pilates studio in Ubud Bali running teacher and client retreats, and the next one’s scheduled for Jan 2023
  • Lorna Jane celebrates 10 years of Nation Active Day – teamed up with athletes, nutritionists and fitness experts to inspire the community on health, wellbeing and getting active.
  • AIBI launched their new AIBI Maxwell multi concept wellness & fitness facility this month with Guest of Honour, Singapore’s Minister for Home Affairs and Law, Mr K Shanmugam graced their launch
  • Vive Active, an Australian ultimate athletic reformer pilates studio opened its first studio at Tanglin Mall.
  • Sweaty Betty’s new outlet at Cluny Court, Bukit Timah is now officially open. Check out for special events
  • FitNut Loft held the grand opening of their 2nd outlet at River Valley – fitness, food, drinks, and raffle prizes supporting Make-A-Wish Singapore
  • UFIT announces the relaunch of their One-North Hub location with a brand-new studio for indoor group classes and a new fully equipped 1-1 facility for PT and rehabilitation
  • Move Private Fitness, a boutique and purpose driven PT studio in Malaysia is opening its 4th branch in Bukit Jalil, Kuala Lumpur. Congrats CJ & team!
  • Technogym opens its new boutique at Central Embassy Bangkok
  • PILATRE training is launching prenatal/pregnancy and postpartum workouts in October and provides customers with colour therapy during future PILATRE sessions. Meet founder Triin at our APAC festival this November!
  • The Ripple Club turns 10! They hosted their anniversary party with classes, drinks and raffle prizes. Congratulations Yannick and team
  • Consumers in China reported the highest share of spending on wellness-related online products & services, according to McKinsey. 60% of China’s consumers view practicing health as part of their daily routine, exceeding countries like the US (37%) and Japan (14%).
  • Intellect, APAC’s largest mental health tech company, announced its official launch in Japan as part of their regional expansion plans. It comes on the back of their recent US$20M Series A round
  • Luxury longevity brand Clinique La Prairie is continuing its international expansion with the forthcoming opening of a new longevity focused health resort in Anji, China, in partnership with Sunjoy Group.
  • Scrum Studio Inc hosts its inaugural WellBeingX innovation program with 37 seed-to-growth stage companies. They aim to foster and invest in companies with a shared mission to improve an individual’s overall wellbeing.
  • ZOZO, Inc, the largest online fashion retail company in Japan and global fashion technology pioneer, announced the launch of ZOZOFIT, a new body measurement system that democratizes 3D fit technology
  • Hyatt announced a strategic joint venture with Kiraku to launch a collection of modern-style hot spring ryokans (Japanese-style inn) in Japan targeting global travelers under the new hospitality brand, ATONA.
  • Japanese digital therapeutics startup CureApp, Inc. secures $51.5M in Series G round
  • Glofox launched ‘Amplify’, an automated engagement platform delivering a 2.5x increase in member conversions and accelerated growth for gym and studio operators.
  • Orangetheory launches MaxHR, an AI-driven heart rate tracking system. Members can join MaxHR after completing 20 studio classes with an OTBeat heart rate monitor.
  • Myzone, in partnership with OliveX, is in the Metaverse – Helping operators connect with members outside their facilities and ultimately inspiring more people to be active
  • Wexer has just launched live streaming on Wexer Virtual for all Wexer Virtual customers.
  • NASM’s virtual Optima Conference is scheduled for 13 to 15 Oct. Over 100 sessions, 75 different speakers and 10k fitness professionals expected to attend from around the world
  • Physique 57 is thrilled to launch on Fiture! The newest, most innovative interactive mirror now has a full collection of Physique 57 videos for the world to enjoy.
  • UFC GYM, the first major brand extension of UFC, and UFC FIT have announced its annual “Ultimate Fitness Challenge,” – testing strength, power and endurance from members across the globe. Running from 17 Sep through 5 Nov
  • Our partners at ISSA are seeking High Performance Global Partners! Contact Dan for all opportunities.
  • CENTRED Travel Wellness acquires 100% of BUA FIT – a leading outdoor fitness company – to offer its platform to employee health and wellness benefit programs globally.
  • 68-year-old Tasmanian runner, Michael Booth plans to run his 100th marathon this year having completed his 94th. He started marathon running in 2003, “It’s running with friends, the camaraderie, the exhilaration.”
  • Adriana Brownlee became the youngest female to summit K2 in Pakistan and the youngest person to have climbed ten of Asia’s 8,000-metre peaks.

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2022 ASIA-PACIFIC INDUSTRY REPORT

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