“Anthony Geisler was the chief executive officer of the largest company in the US catering to boutique fitness studios, Xponential Fitness. However, the organization suspended its CEO on Friday for an indefinite period.
This decision came as Xponential Fitness discovered itself embroiled in a legal controversy.
Xponential Fitness is currently involved in a federal investigation conducted by the US Attorney’s Office for the Central District of California.
The US Securities and Exchange Commission (SEC) inquired about the company when allegations regarding the company providing misleading and false information to both its franchise owners and investors aired.
Thus, this triggered a thorough investigation.
Who is Anthony Geisler?
Anthony Geisler started his career in the late 1990s, during the dotcom boom. He graduated with a Bachelor of Arts degree from the University of Southern California and started a web development business. However, within a year of operating his business, he sold it for $20,000.
In 2001, Geisler acquired LA Boxing and thus paved his way into the fitness industry. Gradually, LA Boxing became one of the nation’s most famous mixed martial arts fitness franchises.
However, again, he sold the business to UFC Gym in 2012 successfully.
Geisler purchased Club Pilates in 2015, which was available in more than 30 locations then. However, before selling it to a private company in May 2017, he expanded Club Pilates’ footprint to numerous other locations in the US.
Geisler marched on to create Xponential Fitness in 2017. He accumulated nine other small fitness brands under the umbrella of Xponential Fitness. Thus, it was a time for a boom for Xponential Fitness throughout the US.
At the present time, Xponential Fitness flaunts a portfolio of more than 3,000 smaller firms working under its brand name.
