The Mark Wahlberg-backed fitness franchise F45 is hanging by a thread after restated financial accounts reported a $US370 million loss over the last two financial years.
The Mark Wahlberg-backed fitness franchise F45 is hanging by a thread after releasing its restated financial accounts which show it has made a financial loss of more than $US370 million over the last two financial years.
“The company disputes these claims and intends to vigorously defend itself,” F45 said in its financial statements. The investors allege misleading statements were made by the group ahead of its disastrous public float in July 2021. The company has not held an earnings update since November last year and has lost two chief financial officers since then. The 2022 accounts are the first financial statements it has released since last year.
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