Sports/Fitness Product

Fitness International’s Debt Ratings Downgraded

Fitness International’s Debt Ratings Downgraded

Moody's downgraded the debt ratings on Fitness International, the parent of LA Fitness, due to the recent surge in coronavirus cases in states on the West Coast, South, Southwest and the resultant mandated re-closing of gyms in California and Arizona as well as the possibility of additional mandated gym closures in other states. (Read More)

Sports Industry Execs Launch NextUp Ventures And NextUp Partners

Sports Industry Execs Launch NextUp Ventures And NextUp Partners

A cadre of leading sports industry executives announced the launch of NextUp Ventures and NextUp Partners, investment vehicles designed to fuel startups and emerging brands in the sports betting, esports and sports technology spaces. The executives include Craig Heisner, formerly at Newton Running, and Rob Purvy, formerly at Hoka One One. (Read More)

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