Welltodo Today: Remedy Place Announces $5M Raise, Row House Debuts New Class Formats, Under Armour CEO Steps Down

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Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.

The Gym Group forecasts EBITDA of up to £105m by 2025 | Leisure Opportunities news

The Gym Group’s (TGG) plans and profit forecasts were presented to analysts and investors during the company’s recent Capital Markets Day. The event was led by CEO Richard Darwin who said EBITDA is projected to get to £95-105m by 2025, up from £74m in 2019.

Row House Debuts New Class Formats “Strength” and “Intervals”

IRVINE, Calif.–()–To better serve its diverse membership and stay competitive in the rapidly growing indoor rowing space, Row House, a leading boutique fitness franchise offering classes on and off the rower, has debuted two new class formats – Strength and Intervals.

WORLD’S FIRST SOCIAL WELLNESS CLUB REMEDY PLACE ANNOUNCES $5 MILLION RAISE AND $60 MILLION VALUATION

NEW YORK , May 25, 2022 /PRNewswire/ — Remedy Place announced a recent brand valuation of $60 million and the close of a $5 million Bridge Round of investments. With continued momentum, Remedy Place plans to innovate and offer self-care solutions that provide people autonomy over their health and grow its educational platforms to help people feel better and more connected with their bodies and social environments.

Berlin-based Inne.io secures a further €9.3 million to expand hormone-tracking tech | EU-Startups

In the world of healthcare, there are two things that certainly stand out – 1) women’s health care is dreadfully underfunded, and, 2) we want healthcare to be more personalized and digitalised. Addressing both of these truths, Inne.io is leveraging technology to empower women to understand their reproductive health.

Global Fit Club: The World’s 1st gym that pays it’s members set to launch

Vancouver, Canada, May 25, 2022 (GLOBE NEWSWIRE) — Blockchain-based fitness platform Global Fit Club is set to launch an immersive ecosystem that pays members for working out. This development is the first of its kind in the fitness industry and promises to benefit fitness enthusiasts globally.

Under Armour’s CEO is stepping down after 2 years leading the sportswear giant

Patrik Frisk, Under Armour CEO, is stepping down from his role effective June 1. COO Colin Browne will become interim president and CEO until the firm finds a permanent successor. Under Armour didn’t give an explanation for why Frisk was stepping down.

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