LIFTS Episode 23 - Industry Shakeup: Orangetheory Merges with Self Esteem Brands & Bowflex Joins Johnson Health Tech
After a few weeks of broadcasting inspiring interviews with the movers and shakers at international events, welcome back to our regular L.I.F.T.S, a bite-size dose of the Latest Industry Fitness Trends and stories hitting the headlines and stirring up debate. In this week’s episode, hosts Matthew Januszek, Co-Founder of Escape Fitness and Mo Iqbal, Founder & CEO of SweatWorks, are joined by Andrew Kolman, Vice President of Global Product Development, Matrix Fitness at Johnson Health Tech. Conversation focuses on three news-busting stories: the merging of two brand titans - Orangetheory and Self Esteem Brands, the acquisition of Bowflex by Johnson Health Tech and the raising of $1.8 Billion by Equinox. In this LIFTS podcast topics include: ● The potential impact of a merger between Orangetheory and Self Esteem Brands. ● The challenges and opportunities of merging two hugely successful brands. ● Leveraging fitness brands for cross-promotion and personalized experiences. ● The potential that drove Johnson Health Tech ‘s acquisition of Bowflex. ● Managing the fusion of fitness and entertainment. ● The impact of Equinox’s $1.8 billion investment on the wider industry. ● Designing fitness lines to address under-served market segments. ● Fitness industry trends, premium offerings, consumer behavior. ====================================================== Subscribe to our YouTube channel and turn on your notifications so you never miss a new video when it’s published: https://www.youtube.com/user/EscapeFitness Shop gym equipment: https://escapefitness.com/shop View our full catalog: https://escapefitness.com/support/catalog https://escapefitness.com/support/catalogue ====================================================== Facebook: https://www.facebook.com/Escapefitness Instagram: https://www.instagram.com/escapefitness Twitter: https://www.twitter.com/escapefitness LinkedIn: https://www.linkedin.com/company/escapefitness/ 0:00 Intro 1:32 Merger of Orangetheory and Self Esteem Brands (Anytime Fitness) 2:20 Key role of data and analytics 4:26 Combining two franchise businesses for growth and the importance of a united leadership 7:20 Leveraging fitness brands for cross-promotion and personalized experiences 10:29 Johnson Health Tech’s acquisition of Bowflex 12:43 What made Bowflex such an attractive proposition 19:56 Managing the transition of fitness into the content and entertainment space 25:03 Equinox’s raising of $1.8 billion 28:10 Onyx: Designed to address under-served segments of the market 29:21 Fitness industry trends, premium offerings, consumer behavior.