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Viva Leisure Ltd. ( (AU:VVA) ) just unveiled an update.
Viva Leisure Limited, a leader in the fitness industry, holds a 34% stake in Boutique Fitness Studios Pty Ltd (BFS), the Australian Master Franchisee for Club Pilates. BFS has signed a landmark Area Development Agreement with Riser Fitness LLC, granting exclusive rights to develop 40 new Club Pilates studios across Australia over the next four years. This expansion marks one of the largest fitness franchise deals in Australian history, significantly enhancing Club Pilates’ national presence. The agreement will see Viva Leisure’s Rebalance Pilates studios rebranded to Club Pilates, aligning with the company’s strategic goals and reinforcing its position as an innovator in health and wellness.
The most recent analyst rating on (AU:VVA) stock is a Buy with a A$2.60 price target. To see the full list of analyst forecasts on Viva Leisure Ltd. stock, see the AU:VVA Stock Forecast page.
More about Viva Leisure Ltd.
Viva Leisure is a company focused on providing accessible fitness and wellness solutions through a variety of product offerings. With a commitment to growth, innovation, and exceptional customer experiences, Viva Leisure continues to lead in the fitness industry.
Average Trading Volume: 261,793
Technical Sentiment Signal: Sell
Current Market Cap: A$136.8M
See more insights into VVA stock on TipRanks’ Stock Analysis page.