F45 Training Holdings, Inc. has reached an agreement resolving a prior lawsuit brought by DB Ventures Limited, which concerned an ambassadorial deal with David Beckham. The lawsuit will be dismissed, and DB Ventures Limited will reportedly remain an investor in F45 Training.
On behalf of DB Ventures Limited, Dan Dienst, executive vice chairman of Authentic Brands Group, said, “We are pleased to have settled this issue and to retain our investment in F45, and wish the team all the best for the future.”
“For a long time, F45 has been, nd continues to be, a supporter of Beckham, as he has been for our brand, and are pleased to have reached a mutual business decision to resolve the matter,“ said Tom Dowd, CEO of F45 Training. “We remain committed to supporting the growth of our global franchisees as demonstrated by our recent strong year-over-year same store sales growth in April of 9.4 percent (F45), 14.9 percent (FS8 Pilates) and 41.7 percent (VAURA Pilates).
“We are excited about our future and the continued growth of our world-class fitness brands that generated robust total system-wide sales for April of $48.9 million,” concluded Dowd.
Image courtesy F45 Training
