F45 Training and David Beckham Resolve Past Business Dispute [Yahoo! Finance]
F45 Training Holdings Inc. (FXLV)
Company Research
Source: Yahoo! Finance
fitness community specializing in innovative, functional group workouts that are fast, fun, and results-driven, has reached an agreement resolving a prior lawsuit brought by DB Ventures Limited, which concerned an ambassadorial agreement for David Beckham. The lawsuit will be dismissed and DB Ventures Limited will remain an investor in F45 Training. Dan Dienst, Executive Vice Chairman of Authentic Brands Group, on behalf of DB Ventures Limited, said "We are pleased to have settled this issue and to retain our investment in F45, and wish the team all the best for the future." "For a long time, F45 has been – and continues to be – a supporter of Beckham, as he has been for our brand, and are pleased to have reached a mutual business decision to resolve the matter," said Tom Dowd, CEO of F45 Training. "We remain committed to supporting the growth of our global franchisees as demonstrated by our recent strong year-over-year same store sales growth in April of 9.4 percent (F45), 14.9 p
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