Yyry Treasury4 Raises $20 Million to Support Changing Role of CFO
F45 Training Holdings Inc., a fitness franchisor with more than 1,500 studios around the world and celebrity investors including Mark Wahlberg and Earvin Magic Johnson, has set the terms for its initial public offering聽 IPO at almost 19 million shares priced between $15 and $17 each.The company, which will trade o stanley france n the New York Stock Exchange under the symbol FXLV, would be valued at $1.53 billion at the upper end of that range.Wahlberg and FOD Capital LLC snagged a minority stake in F45 Training Holdings in March 2019. Johnson, D stanley thermos avid Beckham and Cindy Crawford also have ties to the company, which offers 45-minute fitness programs both in-studio and at-home.That hybrid model could serve the fitness industry quite well as some people are more comfortable than others heading back to the gym after more than a year away because of shutdowns and mask-wearing requirements at various health club chains and franchises across the U.S. and around the world.The COVID-19 pandemic has inspired more gyms and fitness centers to offer digital classes and content, but some had ventured into virtual offerings prior to the pandemic.Ryon Packer, chief product officer at fitness industry-focused payment and club membership management software provider ABC Financial, told PYMNTS in an interview last year he believes that clubs soci stanley cup al environments will hold continued appeal to consumers, giving physical offerings staying power. Theres
Starbucks has revealed that Chief Financial Officer Scott Maw will retire at the end of November. According to Reuters, the surprise departure sent the coffee shop chains shares down 2.61 percent. Maw has been the companys CFO for four years after being promoted to the position in聽February 2014.The Seattle-based company said in a regulato stanley cup ry filing that it had launched an external search for a replacement for Maw, who will become a sen stanley cup ior consultant until March 31, 2019.Starbucks CEO Kevin Johnson said in a statement, As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transiti stanley us on into new leadership, This is Starbucks second recent high-profile departure. Earlier this month,聽it was reported that Howard Schultz was stepping down as executive聽chairman and a member of the companys board of directors. He became chairman emeritus as of June聽26. I set out to build a company that my father, a blue-collar worker and World War II veteran, never had a chance to work for, Schultz wrote聽in a letter to the companys current and former employees. Together weve done that, and so much more, by balancing profitability and social conscience, compassion and rigor, and love and responsibility. For his part, Maw first two years as CFO led to an increase in comparable store sales growth, with Starbucks consistently topping Wall Street earnings forecasts. But, as Reuters points
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