FIT Report – July

The latest updates and news stories happening in the fitness and wellness industry in the Asia-Pacific region.
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READ THIS MONTH’S HEADLINES

  • iFIT Health & Fitness acquires Australian based Sweat app for $300M

  • Global fitness company F45 Training, backed by actor Mark Wahlberg, made its stock market debut Thursday. Under the ticker symbol FXLV, it started trading on the New York Stock Exchange and went as high as $17.75 per share on its first day for a $1.6 billion market cap

  • Fitstop secures investment from global fitness leader Lift Brands, and is set to take on global expansion

  • Cure.Fit has raised USD$75M from Tata Digital & has acquired the fitness equipment startup, Tread. This further strengthens cure.fit’s position as one of Asia’s leading health & lifestyle platforms.

  • Indian based Fitness app HealthifyMe to expand worldwide after raising $75M Series C from LeapFrog and Khosla Ventures

  • In-studio fitness is back! ClassPass reservations in APAC increased by 20% in quarter 2.

  • BFT continues to successfully expand internationally with the signing this month of new franchisees in Canada and the UK – fantastic news.

  • One of the finest Health and Lifestyle Clubs in Australia, Next Gen Doncaster is now open.

  • Snap Fitness – 4 opens in July. 1 in Vic, 1 in NSW (both before lockdown) 1 in QLD and 1 in NZ.

  • YAWA Aquatic Centre opened 9 July 2021 with 2,528 members and 2,000 learn to swim memberships presold

  • Fitstop, the Australian franchise business opens their 50-gym business in Australia

  • Bringing a breath of fresh air into the wellness world is the newly launched Club W, a world first wellness concept combining three unique areas: a Wellness Lounge, Wellness Collective and Wellness Coworking. Founded by Tony de Leede, the health industry entrepreneur who brought Fitness First to Australia and sold it for around $2 Billion dollars and the man who founded the likes of Gwinganna and Komune Bali, Club W – Wellness offers a first-of-its-kind experience. Club W brings a holistic approach to wellness through a variety of designated areas for immersive movement and mindfulness, along with custom-designed co-working zones plus health and beauty services.

  • Fitness Playground is ready to launch its first “wellness playground”, catering for holistic health experiences. Sydney’s lockdown has delayed the opening, but that’s only generated more hype!

  • Fire Fitness is now Opening in Australia! Today we announce TWO NEW TERRITORIES SOLD! Fire Fitness Alexandria and a second secret area to be announced soon!

  • Peloton launches this month Down Under, Australians will be able to purchase the bikes and at-home content. Peloton is set to launch a video game-inspired workout called Lanebreak.

  • Anytime Fitness AU is a finalist for International Franchisor of the Year in the FCA Excellence in Franchising Awards 2021.

  • Anytime Fitness Asia opened their 68,69 & 70 clubs this month in Singapore

  • Fire Fitness also now confirmed to be re-launching again in Singapore in November 2021

  • Ritual Gym Group opens new club on East Coast as they now look to build their Singapore footprint of clubs

  • Trapeze Recreation Club, the newly opened wellness concept located in a four-story heritage shophouse in Tanjong Pagar, Singapore. A variety of spaces combined including yoga studio, strength and conditioning gym, massage room, mental wellness consulting, hot/cold therapies, and a publicly open café/bistro for nourishing food and beverage.

  • Spartans Boxing Club launches 9th and 10th gyms in Singapore after latest Covid restrictions

  • Total Transformation Lab opens in Alexandra Road, SG

  • Kali Majapahit Martial Arts opened a new branch at River Valley in Singapore

  • Virgin Active elevates Yoga experience to new heights on 57th Floor Skydeck of iconic Marina Bay Sands in Singapore.

  • As a way of diversifying out of just conducting yoga classes and courses, Nithya Priyan School of Yoga’s successfully raised money on Kickstarter to publish Singapore’s first book of Yoga Asanas – called Joy in the Body.

  • Pure Group launched their largest date ever facility with a new 30,000 sq ft gym in Tsim Sha Tsui, Hong Kong – K11 MUSEA

  • Spoany opened their 89th club in Seoul, South Korea.

  • The Pandemic has been a hard blow on the fitness industry globally and here in Hong Kong we have suffered a combined 6 months of gym closures. We have pulled through together as a team here at GO24 Fitness with outside fitness offerings for our members, team building, club maintenance and growth. We added an extra 7,000sqft to our Tsuen Wan location and opened two new locations. One at Shau Kei Wan and our newly just opened Yuen Long Club.

  • China’s Supermonkey health club chain valued at US$1bn after successful series E fundraising

  • TRX Training are brewing something incredible with the launch of their new digital TRX Training Club, more details to follow very soon.

  • Les Mills Launch their New Content product.

  • Hyperice brings recovery technology to the most influential E-sports league in China – League of Legends Pro League – to support player health and mobility and signs a new partnership with MLB Japan

  • Australian Institute of Fitness (AIF) extends recovery technology education to their students inside and outside of the classroom with Hyperice partnership. Further completing their students’ 360-degree approach to health & wellness.

  • Singapore food tech Next Gen, maker of plant-based chicken brand TiNDLE, has secured US$20 million in its extended seed round in order to launch in the U.S. market. This takes the startup’s total seed round to US$30 million, and according to Pitchbook, the initial US$10 million was already hailed as the largest seed round for a vegan food tech company globally. According to publicly available information, the company is valued at US$180 million.

  • British activewear retailer Sweaty Betty has made its Singapore debut, part of Sweaty Betty’s plan to expand and strengthen its presence in the Asian market.

  • Australian nutra firm Nuzest will launch a multivitamin snack bar in APAC, the UK and USA this July, expanding its portfolio beyond powdered supplements for the first time.

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