Xponential Fitness Inks Master Franchise Agreement For Its Fitness Brands In Kuwait

  • Xponential Fitness Inc XPOF has signed a Master Franchise Agreement in Kuwait for its brands Rumble, Club Pilates, StretchLab, and CycleBar.
  • The Master Franchisee for Xponential in Kuwait is the publicly traded real estate development company, Aqarat.
  • The deal signed with Aqarat will result in opening a minimum of eight studios early in the initial ten-year term of the agreement. Additional studios will be developed based on market opportunity.
  • Aqarat also has investments and joint venture agreements with several hospitality brands.
  • "Aqarat's extensive real estate and hospitality experience is perfectly suited for our customer-focused brands, and they are well-equipped to deliver our immersive studio experiences to the Kuwaiti population," said John Kersh, Chief International Development Officer of Xponential Fitness.
  • The agreement marks the continued expansion of Xponential Fitness outside North America.
  • Also ReadPiper Sandler Believes Xponential Fitness Is Poised For Solid Growth
  • Price Action: XPOF shares are trading higher by 2.06% at $19.58 on the last check Thursday.
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