Xponential Fitness Signs Master Franchise Agreement in New Zealand for CycleBar, StretchLab & Rumble
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Wednesday, December 1, 2021
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Xponential Fitness, Inc. (NYSE: XPOF), a curator of leading boutique fitness brands across multiple verticals, announced today that it has recently signed a Master Franchise Agreement in New Zealand for three of its brands: CycleBar, StretchLab, and Rumble.
Key Points:
- Xponential Fitness, Inc. (NYSE: XPOF), a curator of leading boutique fitness brands across multiple verticals, announced today that it has recently signed a Master Franchise Agreement in New Zealand for three of its brands: CycleBar, StretchLab, and Rumble.
- The New Zealand Master Franchisee, Boutique Fitness Studios NZ Ltd., is a wholly owned subsidiary of Boutique Fitness Studios Pty Ltd., Xponentials Master Franchisee in Australia for CycleBar, StretchLab and Rumble, which is run by CEO Matt Gordin.
- New Zealand is a natural extension of our existing agreement in Australia for Cyclebar, StretchLab and Rumble.
- These forward-looking statements include, without limitation, statements relating to master franchise agreements of CycleBar, StretchLab, and Rumble in New Zealand and the anticipated growth of Xponential Fitness brands in New Zealand.