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NEWS
Weight Watchers rumoured to be in takeover bid for online fitness startup
POSTED 22 Apr 2014 . BY Jak Phillips
Wello harnesses technology to connect customers and fitness trainers anywhere in the world Credit: Shutterstock
Virtual fitness coaching startup Wello could soon be subject to a takeover from Weight Watchers, according to press reports.

A story on the website TechCrunch says sources have indicated the two companies are in talks over a potential takeover, although Wello had declined to comment.

Having launched in mid-2012, Wello has attracted a raft of headlines and interest in its fitness offerings – which connect customers to professional trainers via two-way video messaging, with users able to select the trainer or discipline which most appeals.

The company has raised around US$1m (€0.73m, £0.59m) in seed funding from a selection of well-known investors and venture capital firms.

Wello says its aim is to ‘democratise’ personal fitness training, bringing to the masses a luxury that has traditionally been thought of has high-end and limited to the wealthy. It has gone on to launch group training sessions – an area that chimes with Weight Watchers’ group meetings strategy – and gym-like monthly membership subscriptions.

If confirmed, the move would mark the latest move into the fitness sector for New York-based Weight Watchers, which previously embarked on a 12-month venture in the UK with LA fitness.

Health Club Management has contacted both organisations to seek confirmation of the report. Weight Watchers representative declined to comment, while no response had been received from Wello when this story was published. Updates will be made to this article when there are further developments.
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Jobs    News   Products   Magazine
NEWS
Weight Watchers rumoured to be in takeover bid for online fitness startup
POSTED 22 Apr 2014 . BY Jak Phillips
Wello harnesses technology to connect customers and fitness trainers anywhere in the world Credit: Shutterstock
Virtual fitness coaching startup Wello could soon be subject to a takeover from Weight Watchers, according to press reports.

A story on the website TechCrunch says sources have indicated the two companies are in talks over a potential takeover, although Wello had declined to comment.

Having launched in mid-2012, Wello has attracted a raft of headlines and interest in its fitness offerings – which connect customers to professional trainers via two-way video messaging, with users able to select the trainer or discipline which most appeals.

The company has raised around US$1m (€0.73m, £0.59m) in seed funding from a selection of well-known investors and venture capital firms.

Wello says its aim is to ‘democratise’ personal fitness training, bringing to the masses a luxury that has traditionally been thought of has high-end and limited to the wealthy. It has gone on to launch group training sessions – an area that chimes with Weight Watchers’ group meetings strategy – and gym-like monthly membership subscriptions.

If confirmed, the move would mark the latest move into the fitness sector for New York-based Weight Watchers, which previously embarked on a 12-month venture in the UK with LA fitness.

Health Club Management has contacted both organisations to seek confirmation of the report. Weight Watchers representative declined to comment, while no response had been received from Wello when this story was published. Updates will be made to this article when there are further developments.
MORE NEWS
Snap Fitness' holding company – Lift Brands – is up for sale
Speaking to HCM, global CEO of Lift Brands, Ty Menzies, has confirmed that the company –  owner of Snap Fitness and Fitness On Demand – is up for sale.
Planet Fitness increases price of basic membership for first time in over 20 years
Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired, using cash.
Xponential dumps Geisler as company faces investigation by US Attorney’s Office
Xponential Fitness today indefinitely suspended founder and CEO, Anthony Geisler, saying it had been notified on 7 May that the company is facing a legal challenge by the United States Attorney’s Office for the Central District of California.
Fast Fitness Japan acquires master franchisee rights to Anytime Fitness Germany
Fast Fitness Japan, master franchisee of Anytime Fitness in Japan, has acquired Eighty-8 Health & Fitness, giving the company master franchisee rights to Anytime Fitness in Germany.
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Complaints about group exercise have become a thing of the past for the Reynolds Group thanks to its partnership with CoverMe, a digital platform that simplifies group exercise and PT management for clubs and instructors. [more...]

W3Fit EMEA’s innovative programme sets sail for Sardinia, Italy
Following a hugely successful event last year in Split, Croatia, W3Fit EMEA, is heading to the Chia Laguna resort in Sardinia from 8-11 October. [more...]
+ More featured suppliers  
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ukactive

ukactive is the UK’s leading not-for-profit membership body for the physical activity sector, bringi [more...]
+ More profiles  
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DIARY

 

18-22 May 2024

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The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
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