|Acquisition Brings Leader in Yoga to 71 Studios
LOS ANGELES, May 29, 2018 (GLOBE NEWSWIRE) -- YogaWorks, Inc. (NASDAQ:YOGA), one of the largest providers of high quality yoga instruction in the U.S., today announced its purchase of Inner Strength Studios’ two studios, expanding the YogaWorks portfolio to 71 locations across the country with eight locations in the Boston area.
Inner Strength Studios was founded in 2003 by Roman Szpond who started his career serving in the U.S. Marine Corps. Shortly after serving, he travelled the world studying with various master yoga teachers and opened Inner Strength Studios with the founding principle that students deserve an environment that is truly inclusive by dissolving the boundaries between different yoga styles, while highlighting what joins them together. Inner Strength has continued to grow over the years by offering intelligent, reliable and trusted information to help students make smart life changes on their journey to well-being.
“We are thrilled to bring Inner Strength’s teachers, staff and students into the YogaWorks family,” said Rosanna McCollough, Chief Executive Officer of YogaWorks, “Roman and his team have built two wonderful studios and we are joined by the same mission to help people reach their personal goals in an inclusive environment. With our growing number of studios in the Boston area, we give students more choices in yoga classes and more chances to reduce stress, breathe and connect. Our growth to eight locations also offers all Boston teachers more teaching opportunities and the chance to qualify for benefits”.
YogaWorks plans to retain current Inner Strength teachers and staff and continue the existing class schedule. Studio signage and the Inner Strength web presence and mobile application will transition to YogaWorks in the next several months, but students will be able to access all eight YogaWorks studios in the Boston area with their same account in a few short weeks. As an added benefit, Inner Strength students will receive two months of free access to MyYogaWorks.com, an online video library of over 1,100 yoga and meditation videos that allow people to enjoy yoga anytime and anywhere. Inner Strength’s teachers will also have the opportunity to take a free 100-hour YogaWorks Teacher Training course which is a part of its world-renowned curriculum that was taught over 100 times last year in 16 countries and which has graduated some of the top teachers in the yoga industry.
“We are excited to partner with YogaWorks as we share the same values and belief in a varied programming to reach people of all ages and abilities,” said Roman Szpond, founder of Inner Strength Studios, “The staff and students will benefit tremendously from the depth and breadth of YogaWorks instruction across the country. I believe that YogaWorks is committed to providing an amazing environment for the Inner Strength community to continue to grow and experience their lives through the lens of yoga.”
YogaWorks, Inc. is one of the largest providers of high quality yoga instruction in the U.S., with 71 studios in nine markets including Los Angeles, Orange County, Northern California, New York City, Boston, Baltimore, the Washington D.C. metro area, Houston and Atlanta. YogaWorks strives to make yoga accessible to everybody and offers a wide range of class styles for people of all ages and abilities. The Company offers yoga classes, integrated fitness classes, workshops, yoga-related retail merchandise and its 30-year old teacher training program which is world-renowned. In addition to its studio locations, YogaWorks offers online instruction through its MyYogaWorks.com web platform, which provides subscribers with a highly curated catalog of over 1,100 yoga and meditation classes.
For information about either studio, or to learn more about YogaWorks’ programming, philosophy and locations, please visit yogaworks.com or innerstrengthstudios.com.
Jean Fontana, ICR, Inc.