- Xponential Fitness Inc XPOF brand Club Pilates has signed a multi-unit, multi-regional franchise agreement with entrepreneur and existing franchise owner David Schuck. The financial terms of the deal were not disclosed.
- The agreement will expand the Pilates brand's presence further in Houston, Dallas, and Central Florida.
- Under the deal, Schuck has acquired 13 open Club Pilates studios and licenses to open 16 additional studios.
- The deal brings Schuck's total number of open Club Pilates studios to 20. Schuck first signed a franchise agreement with Club Pilates in August 2016.
- Price Action: XPOF shares are trading lower by 3.03% at $12.5 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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