SGB Update

Angel Martinez Named to the Oofos Board of Directors

The Industry legend joins Oofos Co-Founders Lou Panaccione and Paul Brown on the Oofos board of directors, along with other footwear industry veterans Timothy Davis, Michael Harrison, Suzy Biszantz, Thomas Wolff and John Legere.

Crunch Fitness Inks Master Franchisee Deal for India Market

The company said the Indian development will be led by Nikhil Kakkar, former COO of Gold’s Gym India, and business partner Dr. Umesh Kansal, M.D., CEO of several well-established companies in the fitness industry.

Skechers U.S.A. Opens Concept Store in Milan

Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is described by the company as a re-imagination of mid-century design.

Solo Brands, Inc. Receives NYSE Non-Compliance Letter

Under the NYSE rules, the company’s Class A common stock will continue to be listed and traded on the NYSE during a six-month cure period, subject to the company’s compliance with other continued listing requirements.

Gymshark Appoints First U.S. Chief Commercial Officer

Kim Dolder, general manager of North America, has been promoted to the company’s chief commercial officer working from Gymshark’s New York office. Dolger also becomes Gymshark’s first U.S. Board member.

Life Time Group Holdings Posts Records Across the Board in 2024

The strong performance reportedly drove the highest revenue per membership the company has recorded in its 32-year history, delivering $796 in average revenue per center membership in 2024, compared to $711 in revenue per membership in 2023.

Venus Williams Partners with WeWard as Investor and Ambassador

Williams and WeWard aim to raise awareness of the dangers of physical inactivity and highlight the significant health benefits of developing a daily walking routine. The app rewards users for their daily walking activity, bringing a gamified approach to exercise motivation

Pvolve Accelerates U.S. Expansion with New Franchise Deals

Lindsay Cohen has signed a two-unit development agreement in the Chicago area, Elisabeth Rommel, will launch the first Pvolve studio in Northeast Seattle or Lake Union and Dr. Mona Keshtkaran has signed a two-unit development agreement for the Washington, D.C. metro area.