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Peloton’s IPO pursuit may be hampered by two legal issues.
Club Industry Newsweek
 

JUNE 11, 2019

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NEWS

Peloton Begins Its IPO Pursuit Amid Legal Woes

The company filed a draft registration statement confidentially, but two legal matters could put a damper on the process.

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SoulCycle Pulls Its IPO Due to ‘Market Conditions’

As one of its competitors, Peloton, files for an initial public offering, SoulCycle withdraws its IPO plans, stating it has the capital it needs to expand without the IPO.

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Two Years After Fire, Cedardale Heath and Fitness Re-opens for Business

The new 110,000-square-foot facility stands on the site of the original Boston Road club, which was razed by an accidental locker room fire in March 2017.

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Give Your Club a Competitive Edge by Embracing Community and Customization

It is a challenge to compete in an ever-growing digital marketplace, but health clubs can continue to thrive by focusing on the elements that a digital apps and content cannot deliver. While connections can be forged online, there remains a real desire to belong to a local, in-person community.

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FROM CLUB INDUSTRY

Get Ahead of the Competition: Register Today for the Club Industry Show

The resource you need to move your business forward is not just on Clubindustry.com; it’s also in-person at the Club Industry Show, Oct. 9-11 at the Hilton Chicago. Get ahead of the competition by attending sessions about habits of successful fitness professionals, onboarding strategies, recovery trends, marketing using Facebook, creating ingenious programming, how to train different generations, making your competition irrelevant and more. Register now for the best price.

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Affordable, Quality & Current Education Coming to a City Near You!

There is something for everyone in the affordable three-day Club Industry Business Summit in Atlanta, Dallas, Philadelphia. Please visit: www.scwfit.com/CLUB. At only $199 you can experience 44 sessions and 30 presenters featuring fitness business sessions exclusively dedicated to marketing, technology, trends, sales, retention, social media, products, programming, finance and leadership. Register for an event near you by going here.

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Gold’s Gym CEO Adam Zeitsiff Shares Brand Evolution Plans in the Latest Club Industry Podcast

Club Industry’s May podcast features an interview with Gold’s Gym International CEO Adam Zeitsiff. In the interview, he talks about his return to Gold’s Gym, growth plans for the company, the relationship with franchisees, Gold’s future as a mid-priced club and more. Other episodes of the podcast include interviews with 24 Hour Fitness CEO Tony Ueber, The LAB owner Michael Piercy and Retrofitness Founder and CEO Eric Casaburi. You can stream or download each episode at  Club Industry's SoundCloud page. 

Data’s Impact on Your Fitness Business and the Industry

Fitness data is only good if it is valid, but health club companies that are sales-driven tend to collect data that is suspect. That’s just one insight of many in the Club Industry Podcast: The Motionsoft Technology Summit Edition, a partnership between Club Industry and Motionsoft, Rockville, Maryland, in which Club Industry is the media partner for the 2019  Motionsoft Technology Summit Sept. 16-18 in Washington, DC. The podcast features insights from Robert Jackson, CEO of Fitness BI; Bruce Lewis, vice president of Silicus; and Raj Sareen, CEO and co-founder of Styku.

IN BRIEF

Supplier News

SPRI Products Joins AFS 

Perkville and ABC Financial Introduce Simplified Sign-On Process for Gym Members 

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The 2019 Club Industry Show

The Club Industry Show is the most comprehensive event in the fitness industry. Save the date and join your health and wellness peers at the 2019 Club Industry Show, Oct. 9-11, 2019, at the Hilton Chicago. Learn more details  here.

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