Announced
Completed
Synopsis
Extraordinary Brands, a franchisor of boutique health and wellness brands, completed the acquisition of CycleBar, an indoor cycling fitness franchise, and Rumble, a boxing-inspired group classes from Xponential Fitness, a wellness brand. Financial terms were not disclosed. “Divesting CycleBar and Rumble is consistent with what we emphasized during our Investor Day in New York: We will focus our time and capital on the brands that drive profitability both today and also in the longer term. We are committed to putting our franchisees first, while enhancing our operations, growth, and member experience.” Mark King, Xponential Fitness CEO.
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