NewsBy Pamela Kufahl, Content Director Considered one of the “founding fathers” of the modern athletic and health club industry, Alan Schwartz grew Midtown Athletic Clubs from one location to one of the highest revenue-generating luxury club and tennis brands in the country. He later turned much of the operation of the business over to his son Steven while Alan focused on his love of tennis and growing its popularity.read more |
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| | The lawsuit alleges that current and former Peloton executives, including co-founders John Foley and Hisao Kushi, knew about safety issues with its Tread+ treadmill and sold $500 million worth of stock prior to revealing the issues to shareholders and the public. read more |
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| | The CFO pleaded guilty to wire fraud for the fraudulent fund transfers she made between 2014 and 2017 from the victim’s business bank accounts to her personal bank accounts while the victim was dealing with medical issues. read more |
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From Club Industry | | Club industry has committed to helping to move forward the discussion on diversity, equity and inclusion in the fitness industry. In this ongoing series, people within the industry are sharing their experiences as people of color and as companies committed to DEI. read more |
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