Federal Trade Commission
FTC v. Xponential Fitness
Xponential Fitness allegedly misrepresented key information about the costs, risks, time to open and operate studios, and essential details about the company’s operations, according to the FTC. Xponential Fitness allegedly misrepresented the time to open franchises. Xponential Fitness allegedly failed to disclose key details about executives including material litigations, legal actions, and bankruptcy, according to the FTC. Xponential Fitness allegedly misreported the names and contact information of franchisees whose studios ceased operation in the past year, according to the FTC. Xponential Fitness allegedly failed to provide accurate, complete, and timely Franchise Disclosure Documents (FDDs) to franchisees, according to the FTC.
Summary generated from official Federal Trade Commission press release
Source: Federal Trade Commission Press Release ↗