LOS ANGELES, Oct. 19, 2017 (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 YogaOne’s seven Houston-based studios. The Company continues its national expansion strategy with this acquisition, increasing YogaWorks’ portfolio to 62 studios across the U.S. and marking its entrance into Texas.
YogaOne, founded by Albina and Roger Rippy in 2008, operates seven locations in Houston, including Midtown/Downtown, Galleria/Uptown, Heights, Bellaire, Pearland, Kingwood and The Woodlands. In addition to conducting over 500 classes per week combined at its studios, YogaOne offers regularly scheduled teacher training programs, workshops and retreats, serving the yoga community in the fourth largest city in America. Highly involved in the broader yoga community, Roger is a former Yoga Alliance Board member and has co-taught classes at The Oprah Winfrey Life You Want Tour and the Telluride Yoga Festival. Albina and Roger also co-founded the Texas Yoga Conference. Both will become employees of YogaWorks on the Company’s regional management team and will help to oversee the Houston studios and YogaWorks’ continued expansion in the area.
“YogaOne’s mission to help people live happy, healthy, inspired lives is perfectly aligned with our core beliefs and we are thrilled to add this community of amazing studios to our family, as we branch into a new region,” said Rosanna McCollough, Chief Executive Officer of YogaWorks. “We are beyond excited to welcome Albina, Roger and the YogaOne community to our YogaWorks family and are grateful that their seven studios were not only spared damage from the recent hurricane but have been able to serve the Houston community as practitioners returned to their yoga routines to find comfort and balance immediately following the event.”
As part of its acquisition strategy, YogaWorks is devoted to the continuity of YogaOne’s operations and maintaining its local community. While YogaOne’s website and studio name will be rebranded to YogaWorks in the coming months, current teachers and staff will be retained and YogaOne’s existing programming will continue to be enjoyed by students. Additionally, YogaOne students will receive a month of free access to MyYogaWorks.com, an online video library of over 1,000 yoga and meditation videos to help people enjoy yoga anytime and anywhere.
“Albina and I started YogaOne with a vision of changing the world one breath at a time and over the last nine years our incredibly vibrant, supportive community has been doing just that,” said Mr. Rippy. “YogaWorks shares our mission of bringing authentic and diverse programming to students of all levels in welcoming environments and has been doing so for 30 years. Joining forces with this amazing organization will allow us to empower more people on their path for personal growth and positive change both on and off the mat.”
About YogaWorks
YogaWorks, Inc. is one of the largest providers of high quality yoga instruction in the U.S, with 62 studios in eight markets including Los Angeles, Orange County, Northern California, New York City, Boston, Baltimore, the Washington D.C. metro area and Houston. YogaWorks strives to make yoga accessible to everybody and offers a wide range of class styles for people of all ages and abilities. Through its studios, the Company offers yoga classes, integrated fitness classes, workshops, teacher training programs, and yoga-related retail merchandise. In addition to its studio locations, YogaWorks offers online instruction through its MyYogaWorks web platform, which provides subscribers with a highly curated catalog of over 1,000 yoga and meditation classes.
For information about either studio, or to learn more about YogaWorks’ programming, philosophy and locations, go to yogaworks.com or yogaonehouston.com.
Contacts:
Investors
Jean Fontana, ICR, Inc.
646-277-1200
IR@yogaworks.com
Media
Alecia Pulman/Brittany Fraser, ICR, Inc.
646-277-1200
Yogaworks@icrinc.com