From hero to zero – how the US fell out of love with Aussie gym chain F45
Australian-founded fitness chain F45 Training will be delisted from the New York Stock Exchange (NYSE) tomorrow, marking another chapter in its spectacular decline.
F45 was founded in Sydney’s Paddington where its first gym was opened by Adam Gilchrist (not the cricketer) and Rob Deutsch in 2012, before expanding into the US in 2015.
In 2019, Hollywood actor Mark Wahlberg’s investment firm and another investor, FOD Capital bought a minority stake in the business. … [read more]