{"id":525622,"date":"2021-08-09T19:00:18","date_gmt":"2021-08-09T23:00:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/"},"modified":"2021-08-09T19:00:18","modified_gmt":"2021-08-09T23:00:18","slug":"planet-fitness-to-expand-global-footprint-in-mexico","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/","title":{"rendered":"Planet Fitness To Expand Global Footprint In Mexico"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Company Signs Development Agreement to Open Minimum of 80 Planet Fitness Locations and Accelerate Growth; Largest Development Agreement in Company History<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HAMPTON, N.H.<\/span>, <span class=\"xn-chron\">Aug. 9, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3253748-1&amp;h=2475395107&amp;u=http%3A%2F%2Fwww.planetfitness.com%2F&amp;a=Planet+Fitness%2C+Inc.\" rel=\"nofollow noopener\">Planet Fitness, Inc.<\/a> (NYSE: PLNT), one\u00a0of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, today announced that it has signed a franchise agreement with Fitness Para Todos, \u00a0S. de. R.L. de C.V. (&#8220;FPT&#8221;), to accelerate growth and dramatically expand its footprint in <span class=\"xn-location\">Mexico<\/span> with the development of a minimum of 80 new stores over the next five years.<\/p>\n<p>FPT is a joint venture between the Ibarra Group (IBG), a prominent Mexican retail services company with a strong track record successfully growing several leading U.S. brands such as Old Navy, American Eagle and A\u00e9ropostale in the Mexican market for more than 30 years, and Argonne Capital Group, one of the largest investors within the Planet Fitness system with over 95 locations in the U.S. <\/p>\n<p>Planet Fitness currently has 2,170 stores in 50 states, the <span class=\"xn-location\">District of Columbia<\/span>, <span class=\"xn-location\">Puerto Rico<\/span>, <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">Panama<\/span>, <span class=\"xn-location\">Mexico<\/span> and <span class=\"xn-location\">Australia<\/span>. There are currently five Planet Fitness clubs in <span class=\"xn-location\">Mexico<\/span>, all operating in the <span class=\"xn-location\">Monterrey<\/span> area.<\/p>\n<p>&#8220;This significant development agreement is a testament to the progress we have made executing against our strategic international growth and development plans,&#8221; said <span class=\"xn-person\">Chris Rondeau<\/span>, Chief Executive Officer at Planet Fitness. &#8220;With this expansion, we are meeting an important need in the market as 73 percent of the Mexican population is overweight* and\u00a097 percent of the population doesn&#8217;t yet belong to a gym**. As we further expand the Judgement Free Zone and bring our high-quality and affordable fitness experience to <span class=\"xn-location\">Mexico<\/span>, FPT is an ideal franchise group to partner with given their deep knowledge of the local markets, and their real estate, marketing and operational expertise.&#8221;<\/p>\n<p>&#8220;We are eager to join the Planet Fitness system and partner with them on their continued international expansion,&#8221; said <span class=\"xn-person\">Carlos Ibarra<\/span>, founder and owner of IBG. &#8220;We believe that there is a huge opportunity to serve millions of Mexicans who are searching for a non-intimidating, high-quality and affordable fitness experience. Planet Fitness&#8217; offering far exceeds anything else offered in the Mexican market.&#8221;<\/p>\n<p>&#8220;We are excited to bring world class partners like <span class=\"xn-person\">Carlos Ibarra<\/span> and his management team into our system,&#8221; said <span class=\"xn-person\">Ray Miolla<\/span>, Chief Development Officer at Planet Fitness. &#8220;We believe that <span class=\"xn-location\">Mexico<\/span> presents a large opportunity to further scale our brand internationally, and this new agreement will help to make Planet Fitness a national brand across all of <span class=\"xn-location\">Mexico<\/span>. Looking ahead, we believe we are well-positioned to capitalize on the opportunity in <span class=\"xn-location\">Mexico<\/span> and our long-term potential in current and future international markets.&#8221;<\/p>\n<p>Planet Fitness offers a high-quality fitness experience for extremely affordable prices, including a variety of benefits, such as a welcoming judgement free environment, state-of-the-art\u00a0cardio machines\u00a0and strength equipment, 30-Minute Express Circuit, fully equipped locker rooms and more. The Planet Fitness Black Card\u00ae membership in <span class=\"xn-location\">Mexico<\/span> includes additional perks, such as access to any club in the world at no additional charge, the ability to bring a guest anytime, and additional amenities like unlimited use of massage chairs, HydroMassage\u00ae beds, Total Body Enhancement booths,\u00a0a daily blow-dry or haircut, and more.<\/p>\n<p>For more information on Planet Fitness and to find a club near you, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3253748-1&amp;h=3717611842&amp;u=http%3A%2F%2Fwww.planetfitness.com%2F&amp;a=www.PlanetFitness.com\" rel=\"nofollow noopener\">www.PlanetFitness.com<\/a>.<\/p>\n<p>\n        <i>*\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3253748-1&amp;h=2367349464&amp;u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FXt-WCERZ0nIkM1gEHwi9So%3Fdomain%3Dus-east-2.protection.sophos.com&amp;a=OECD\" rel=\"nofollow noopener\">OECD<\/a>, &#8220;Launch of the Study: &#8216;The Heavy Burden of Obesity: The Economics of Prevention'&#8221; <br \/><\/i><br \/>\n        <i>** The 2020 IHRSA Global Report &#8220;The State of the Health Club Industry&#8221; <\/i>\n      <\/p>\n<p>\n        <b><br \/>\n          <u>About Planet Fitness <\/u><br \/>\n        <\/b>\n      <\/p>\n<p>Founded in 1992 in <span class=\"xn-location\">Dover, NH<\/span>, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in <span class=\"xn-location\">the United States<\/span> by number of members and locations. As of <span class=\"xn-chron\">June 30, 2021<\/span>, Planet Fitness had more than 14.8 million members and 2,170 stores in 50 states, the <span class=\"xn-location\">District of Columbia<\/span>, <span class=\"xn-location\">Puerto Rico<\/span>, <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">Panama<\/span>, <span class=\"xn-location\">Mexico<\/span> and <span class=\"xn-location\">Australia<\/span>. The Company&#8217;s mission is to enhance people&#8217;s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone\u00ae. More than 95% of Planet Fitness stores are owned and operated by independent business men and women.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3784\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/341868\/planet_fitness_logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/341868\/planet_fitness_logo.jpg\" title=\"Planet Fitness logo. (PRNewsFoto\/Planet Fitness)\" alt=\"Planet Fitness logo. (PRNewsFoto\/Planet Fitness)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NE69282&amp;sd=2021-08-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/planet-fitness-to-expand-global-footprint-in-mexico-301351339.html\">https:\/\/www.prnewswire.com\/news-releases\/planet-fitness-to-expand-global-footprint-in-mexico-301351339.html<\/a><\/p>\n<p>SOURCE  Planet Fitness, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NE69282&amp;Transmission_Id=202108091610PR_NEWS_USPR_____NE69282&amp;DateId=20210809\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company Signs Development Agreement to Open Minimum of 80 Planet Fitness Locations and Accelerate Growth; Largest Development Agreement in Company History PR Newswire HAMPTON, N.H., Aug. 9, 2021 \/PRNewswire\/ &#8212;\u00a0Planet Fitness, Inc. (NYSE: PLNT), one\u00a0of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, today announced that it has signed a franchise agreement with Fitness Para Todos, \u00a0S. de. R.L. de C.V. (&#8220;FPT&#8221;), to accelerate growth and dramatically expand its footprint in Mexico with the development of a minimum of 80 new stores over the next five years. FPT is a joint venture between the Ibarra Group (IBG), a prominent Mexican retail services company with a strong track record successfully &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Planet Fitness To Expand Global Footprint In Mexico&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-525622","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Planet Fitness To Expand Global Footprint In Mexico - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Planet Fitness To Expand Global Footprint In Mexico - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Company Signs Development Agreement to Open Minimum of 80 Planet Fitness Locations and Accelerate Growth; Largest Development Agreement in Company History PR Newswire HAMPTON, N.H., Aug. 9, 2021 \/PRNewswire\/ &#8212;\u00a0Planet Fitness, Inc. (NYSE: PLNT), one\u00a0of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, today announced that it has signed a franchise agreement with Fitness Para Todos, \u00a0S. de. R.L. de C.V. (&#8220;FPT&#8221;), to accelerate growth and dramatically expand its footprint in Mexico with the development of a minimum of 80 new stores over the next five years. FPT is a joint venture between the Ibarra Group (IBG), a prominent Mexican retail services company with a strong track record successfully &hellip; Continue reading &quot;Planet Fitness To Expand Global Footprint In Mexico&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-09T23:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/341868\/planet_fitness_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/planet-fitness-to-expand-global-footprint-in-mexico\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/planet-fitness-to-expand-global-footprint-in-mexico\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Planet Fitness To Expand Global Footprint In Mexico\",\"datePublished\":\"2021-08-09T23:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/planet-fitness-to-expand-global-footprint-in-mexico\\\/\"},\"wordCount\":705,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/planet-fitness-to-expand-global-footprint-in-mexico\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/341868\\\/planet_fitness_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/planet-fitness-to-expand-global-footprint-in-mexico\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/planet-fitness-to-expand-global-footprint-in-mexico\\\/\",\"name\":\"Planet Fitness To Expand Global Footprint In Mexico - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/","og_locale":"en_US","og_type":"article","og_title":"Planet Fitness To Expand Global Footprint In Mexico - Market Newsdesk","og_description":"Company Signs Development Agreement to Open Minimum of 80 Planet Fitness Locations and Accelerate Growth; Largest Development Agreement in Company History PR Newswire HAMPTON, N.H., Aug. 9, 2021 \/PRNewswire\/ &#8212;\u00a0Planet Fitness, Inc. (NYSE: PLNT), one\u00a0of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, today announced that it has signed a franchise agreement with Fitness Para Todos, \u00a0S. de. R.L. de C.V. (&#8220;FPT&#8221;), to accelerate growth and dramatically expand its footprint in Mexico with the development of a minimum of 80 new stores over the next five years. FPT is a joint venture between the Ibarra Group (IBG), a prominent Mexican retail services company with a strong track record successfully &hellip; Continue reading \"Planet Fitness To Expand Global Footprint In Mexico\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-09T23:00:18+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/341868\/planet_fitness_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Planet Fitness To Expand Global Footprint In Mexico","datePublished":"2021-08-09T23:00:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/"},"wordCount":705,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/341868\/planet_fitness_logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/planet-fitness-to-expand-global-footprint-in-mexico\/","name":"Planet Fitness To Expand Global Footprint In Mexico - 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