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6/19/2025
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Life Time’s Debt Upgraded on Improved Performance
(SGB UPDATE) S&P Global Ratings upgraded Life Time Inc., citing the fitness club operator’s strong performance with healthy underlying demand and membership trends driving EBITDA growth and leverage reduction.
S&P said it expects the company will increase revenue 12 percent-15 percent, in line with management’s guidance for 2025.
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Strava Nets $2.2 Billion Valuation in Funding Round
(SGB UPDATE) Strava, the running and exercise app, earned a $2.2 billion valuation after raising an undisclosed amount of new funding including debt, The Wall Street Journal reported. The funding follows the acquisitions earlier this year of AI-driven training apps Runna and The Breakaway and continued growth of the platform to over 150 million users globally.
6/12/2025
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GymGuyz Franchise to Open in Atlanta
(SGB UPDATE) GymGuyz, a franchise company specializing in in-home mobile personal training, is now serving the Southwest Atlanta area through local husband-and-wife team Joel and Erin Castro. The Atlanta, GA, location will host a grand opening on July 17.
6/9/2025
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Beyond Yoga Opens First East Coast Store
(SGB UPDATE) Beyond Yoga opened a store in Greenwich, CT, marking its first store on the East Coast and its largest to date.
The 2,760-square-foot store offers the Los Angeles-based brand’s largest assortment among its stores, featuring collections across women’s, men’s, and maternity apparel. It features an open layout with natural materials and includes a preserved historical window that allows natural light into the fitting room area. Shoppers can enjoy coffee, tea, and water, and the location includes a patio space for community events.
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IFit Partners with Xponential Fitness to Add Club Pilates and YogaSix Classes to Fitness Library
(SGB UPDATE) IFit Inc., the membership-based fitness platform that offers interactive, virtual workouts for home fitness equipment, has announced a new partnership with Xponential Fitness, expanding its fitness library to include member access to Pilates and yoga content from Club Pilates and YogaSix.
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