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REP Fitness Flexes in Europe’s Top Market: Plans Direct-to-Consumer Launch in the UK

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LONDON, April 9, 2025 /PRNewswire/ — REP Fitness, the Colorado-based strength brand renowned for its innovative, high-quality gym equipment, today announced the official launch of its direct-to-consumer operations in the UK. Building on a successful 2024 in which REP achieved over $130 million in sales, this expansion marks a significant step toward the brand’s ambition of becoming the world’s no. 1 strength brand, targeting 50% growth in 2025.

REP Fitness has announced the official launch of its direct-to-consumer operations in the UK.

“The UK is a pivotal market for REP as we continue to grow internationally. After the success of our EU launch in 2024, the UK was the logical next step for us,” said Ryan McGrotty, co-CEO of REP Fitness. “By bringing our class-leading racks, benches, barbells, and functional training tools directly to British customers, we can make quality strength equipment more accessible and continue empowering individuals to pursue their strength goals.”

UK Market Potential & Expanded Offerings

The UK is home to 11 million commercial gym members, supporting a $250 million strength training equipment market, a $500 million cardio equipment market, a $1 billion sports nutrition market, and a $5 billion fitness apparel market. Frequently cited—alongside Germany—as the 1st or 2nd largest fitness market in Europe, the UK offers a robust landscape for REP’s ongoing expansion. In addition to its established product lineup and new cardio line, the brand will also introduce its apparel line—featuring innovative performance fabrics and functional design—and its expanding Purist supplement & nutrition range to UK consumers, furthering its commitment to delivering a comprehensive fitness ecosystem.

Leadership & UK Rollout

The local expansion will be led by Martyn Jones, who joined REP in December 2024 and now serves as CEO of REP Fitness UK. Under his leadership, REP will introduce pricing similar to the US market: excluding VAT or sales tax, UK customers will see pricing closely mirroring US prices. REP is also bringing over 1,200 SKUs to the UK—matching its US assortment—and aims to launch 30 new products globally in 2025.

“Our goal is to ensure that our UK customers receive the same value and experience as our US customers,” said Jones. “Our product pricing will match our US prices as closely as possible. We’re also introducing an array of new products in 2025, including a cardio lineup, and collaborating with independent designers to bring fresh innovations to market—making this an incredibly exciting time to be part of REP and now, a UK fitness enthusiast.”

Transition from Fitness Superstore

REP Fitness will conclude its distribution partnership with Fitness Superstore on September 30, 2025. Fitness Superstore has been instrumental in establishing REP’s footprint in the UK since 2023, providing in-store demonstrations and exceptional customer service.

“We are immensely thankful to Fitness Superstore for representing the REP brand so successfully,” said Jon Little, Chief Operating Officer at REP. “They have been an outstanding partner, helping us reach thousands of UK customers. As our product lines expand into cardio equipment, apparel, supplements, and more, we recognize that a direct presence in key markets is crucial to achieving our ambition of becoming the world’s number one consumer strength brand. This transition is part of our broader strategy and is by no means a reflection of Fitness Superstore’s performance. We remain on excellent terms and look forward to continuing the overall growth of the UK strength market together.”

Paul Walker, Managing Director of Fitness Superstore, echoed these sentiments:

“We’ve been proud to partner with REP Fitness since 2023, introducing their top-tier equipment to thousands of satisfied customers across the UK. This transition to a direct-to-consumer model underscores REP’s strategic growth, and we appreciate being acknowledged for the crucial role we played. We’re pleased that all existing warranties, remaining REP inventory and service agreements will transfer seamlessly to REP Fitness UK, ensuring our customers continue to receive excellent support. We remain on great terms with REP and look forward to watching their continued success in the UK market.”

Existing Customers: All warranties, service agreements, and post-purchase support for REP equipment purchased through Fitness Superstore will transfer seamlessly to REP Fitness UK.New Customers (Interim): Fitness Superstore will continue offering REP products through September 30, 2025. After that date, all remaining REP inventory will be transferred to REP Fitness UK and Fitness Superstore listing will be removed. Ongoing customer orders will then be handled exclusively through the dedicated REP Fitness UK channel.

New UK Facility & Operational Timeline

From Q1 2026, REP Fitness UK will begin shipping orders nationwide from a new 40,000-square-foot facility at St Modwen Park in Gloucester. This facility will feature:

A head office capable of housing up to 40 staff members,A full retail showroom where customers can experience REP’s equipment in person,A warehouse capable of holding up to £10 million worth of stock, ensuring quick fulfilment and dispatch across the UK.

“Throughout 2025, we’ll be setting up robust operations so that when deliveries start in Q1 2026, customers experience REP’s renowned quality and service from day one,” explained Jones. “We want to ensure every aspect of our local operations—from customer support to logistics—is ready before we go live.”

If REP Fitness UK is not fully operational in time for its traditional Black November sale, the company will instead offer a subsequent launch sale so that UK customers do not feel they have missed out on any seasonal promotions.

Comprehensive Customer Focus

REP is committed to providing UK customers with the same high level of service and convenience it offers in the US. This includes:

Free Shipping within the UK for direct-to-consumer orders.Pick-Up Discounts for customers who collect their orders from the Gloucester site.Local Warranty & Returns mirroring the US, ensuring peace of mind for every purchase,UK-Based Customer Support with local phone numbers and GMT/BST service hours.Financing & Payment Options such as PayPal and Klarna, offering up to 3 years of finance credit to make equipment purchases more accessible.

REP will also introduce a B2B sales channel in the UK, enabling businesses of all sizes—from independent gyms to large-scale fitness facilities—to access REP’s expanding lineup of strength equipment.

Building a Strength-Focused Community & Looking Ahead

REP’s community-focused ethos extends beyond its product offerings:

UK Athlete Program: REP is actively recruiting local athletes and ambassadors to showcase the brand’s equipment, further connecting with the UK fitness community.FIBO 2025: REP will attend the global fitness event in Germany, unveiling a host of new products. Martyn Jones will be on-site to meet with UK customers and discuss the brand’s vision.Monthly Updates: Starting in May, REP will hold monthly online sessions to update UK customers on the launch process and address questions—ensuring the strength community remains involved and heard.

“By combining unparalleled innovation, top-tier customer support, and the best prices, we’re empowering individuals and businesses alike to take charge of their fitness journeys,” added Jones. “Our new Gloucester facility—and the dedicated team behind it—will be at the heart of that effort in the UK.”

ABOUT REP FITNESS

REP engineers and sells world-class, innovative strength equipment that is shipped worldwide. Founded in Colorado in 2012 by two brothers with a shared passion for fitness, REP has grown into a team of more than 200, with operations spanning multiple continents. That shared passion for strength drives REP’s innovative spirit today, as the company remains dedicated to creating class-leading fitness equipment at a great value.

REP has been listed twice on the Inc. 5,000 fastest-growing companies — in 2018 (#450) and in 2021 (#962). REP products frequently earn top-choice rankings across leading fitness publications, including Men’s Health and GQ. For more information about REP, visit repfitness.com.

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SOURCE REP Fitness

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Kuaishou Technology to Report 2026 First Quarter Financial Results on May 27, 2026

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HONG KONG, May 6, 2026 /PRNewswire/ — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that it will report its unaudited consolidated first quarterly results for the three months ended March 31, 2026, after the Hong Kong market closes on Wednesday, May 27, 2026.

The Company’s management will host a conference call on Wednesday, May 27, 2026, at 7:00 PM Beijing Time (7:00 AM U.S. Eastern Time) to discuss the results.

Participants are required to pre-register for the conference call at:

Chinese Line (Mandarin):
https://s1.c-conf.com/diamondpass/10054245-xi6ksd.html

English Simultaneous Interpretation Line (listen-only mode):
https://s1.c-conf.com/diamondpass/10054246-wl3yqp.html

Participants can choose between the Chinese and English simultaneous interpretation options for pre-registration above. Please note that the English simultaneous interpretation option will be in listen-only mode. Upon registration, participants will receive an email containing conference call dial-in details, event passcode, and a unique registrant ID. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

Additionally, live, and archived webcasts of the conference call, for both Chinese and English simultaneous interpretation, will be available on the Company’s investor relations website at https://ir.kuaishou.com.

Replays of the conference call will be available until June 3, 2026 via the following dial-in details:

Dial-in Numbers

Mainland China:

400 1209 216

Hong Kong:

800 930 639

US/Canada:

1855 883 1031

Chinese conference ID:

10054245

English simultaneous interpretation conference ID:

10054246

About Kuaishou

Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more. For more information, please visit https://ir.kuaishou.com.

For investor and media inquiries, please contact:

Kuaishou Technology
Investor Relations
Email: ir@kuaishou.com

View original content:https://www.prnewswire.com/news-releases/kuaishou-technology-to-report-2026-first-quarter-financial-results-on-may-27-2026-302763955.html

SOURCE Kuaishou Technology

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Mox Breaks Even in Q1 2026 amid Strengthening Profitability Outlook, Launches Mox+ Wealth Solutions and Mox Invest Upgrades

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Bringing Wealth Within Reach of all in Hong Kong

HONG KONG, May 6, 2026 /PRNewswire/ — Mox Bank Limited (“Mox” or “the Bank”), on the back of delivering a financial breakeven quarter for Q1 2026, today announced the launch of Mox+. This wealth solution is engineered for Hong Kong’s young professionals and emerging affluent and will be a driver of sustainable profitability for the Bank. Mox+ combines wealth capabilities with curated lifestyle benefits, marking Mox’s evolution from everyday banking to a comprehensive wealth partnership.

The financial achievement was driven by robust momentum across all business lines and achieving a significant milestone demonstrates the success of the accessible business model which after 5 years is now used and valued by over 750,000 customers in Hong Kong.

Barbaros Uygun, CEO of Mox, said, “Achieving financial breakeven for the first quarter of 2026 on the back of a strong 2025 set of results, shows our direction of travel. We have the momentum to drive positive change, providing wealth opportunities to all in Hong Kong and do so in a profitable manner. Our client-centric business model is proving that it is the right one for sustainable profitability. 

Our digital wealth management platform serves as a trusted partner for our over 750,000 customers at every stage of life, empowering them to manage their finances with confidence and unlock new possibilities. We are entering a new chapter of growth as we continue to expand our product portfolio and wealth management offerings, with the launch of Mox+ being one such initiative.”

He continued, “To support this evolution, we are evolving into an AI-native bank, doubling our operational capacity through a strategic human-bot partnership, equipping every staff member with a personalised AI assistant to deliver even greater service and efficiency.”

Mox+ members enjoy preferential fees and charges on Mox Invest and preferential pricing on foreign exchange, enhanced deposit rates (3.5% p.a. up to HKD5 million), as well as priority customer support and early access to experiences and new products. These benefits can be gained simply by maintaining an average daily balance of HKD 600,000 or above across all deposits and investments which will lead to automatic qualification for Mox+ for the following month. The programme integrates financial advantages with lifestyle benefits—including curated dining rebates, free hotel stays, Starbucks coffee vouchers, health benefits and exclusive member experiences—reflecting Mox’s belief that wealth building should be both strategic and rewarding.

Jayant Bhatia, Chief Business Officer of Mox, commented, “At Mox, we are dedicated to establishing the financial well-being of Hongkongers. Designed and tailored for Hong Kong’s young professionals and emerging affluent segment, which is underserved in Hong Kong, Mox+ offers solutions for daily savings and preferential wealth management service fees for long-term wealth creation as well as rewarding lifestyle benefits. This is strategically significant as one of our key initiatives to drive business growth and make Wealth Within Reach for Hongkongers.”

Throughout 2025, Mox has already strengthened its product portfolio with new solutions in Mox Invest. The Mox Invest platform saw trading volumes increasing to 2.4 times and assets under management (AUM) growing to 2.6 times that of last year. More than 10% of Mox customers have opened a Mox Invest account, reflecting strong demand for its wealth solutions driven by new products and services. In 2026, we will continue our momentum in launching new and innovative products and services and are already scaling up to serve the next generation of wealth builders in Hong Kong. Having already recently launched a crypto trading service, Mox Invest is set to introduce an IPO subscription service later this year.

The Bank has clear reasons for continuing to develop wealth management products. The “Wealth Behaviours: Insights into how individuals are saving and investing” survey conducted by Mox in collaboration with Ipsos revealed that Hongkongers continue to take a conservative approach to investing, with 63% of their liquid assets kept in cash and deposits – a trend that contributes to “cash drag” and limits potential wealth growth. More than two-thirds of respondents indicated they require an average of 5.6 months to save up to their desired investment threshold and typically delay investing their savings by a further 2.75 months on average, resulting in missed opportunities for long-term wealth accumulation[1]. This survey will continue as an ongoing research initiative to deepen our understanding of Hongkonger’s wealth management behaviours and enable the Bank to develop tailored solutions that puts wealth within reach.

After Mox was amongst the first wave of banks in Asia to offer a crypto trading service, Mox Invest now further offers One Click Investments (a simplified process for buying equities based on themes such as AI, technology, amongst others), Trading Signals, and gives customers access to professional  fund strategies including Signature CIO funds developed in partnership between Standard Chartered Bank CIO office and Amundi. The Signature CIO funds offer four different type of funds based on individuals’ risk appetite which could be Conservative, Income, Balanced or Growth. Customers also have options amongst a wide range of funds offered by other world-class fund houses.

A Track Record of Rapid Scale and Adoption in the Last 5 Years

Since its launch in September 2020, Mox has brought to the market more than 15 market-first products or services and achieved significant scale with over 750,000 customers, reflecting the trust and growing preference of Hong Kong consumers for a seamless digital banking experience. To date, Mox customers have driven a cumulative spend of HKD70 billion, supported by a robust volume of 176 million card transactions and approximately 2 billion Asia Miles earned through Mox Card and other banking services. Its commitment to delivering tangible value to customers is further evidenced by the HKD2 billion distributed in cash rewards.

Beyond daily spending, Mox has become central to its customers’ financial lives, facilitating approximately 50 million outward FPS transfers and more than 5 million bill payments. As a preferred companion for travelers, the Mox Card has been used over 31 million times in overseas transactions, contributing to a total of 250 million app engagements as we continue to redefine digital banking for the Hong Kong community.

To learn more about Mox, please visit: mox.com.

About Mox Bank Limited (“Mox”) 
Mox is a pioneering digital bank licensed in Hong Kong, and a registered institution (CE number: BNO808) powered by Standard Chartered in partnership with PCCW, HKT and Trip.com. Launched in September 2020, Mox is reimagining banking, unlock more of life’s possibilities, and setting global benchmarks for digital banking from Hong Kong.   

Mox is well on track to be the number one digital bank for cards, lending and wealth. In 2026, it was awarded as Best Pure-Play Digital Bank for CX in Hong Kong and Outstanding Digital CX in Banking App/ Platform by The Digital Banker Digital CX Awards. It was also recognised as NeoBank of the Year, Retail Banking, Hong Kong and Best Retail Banking Experience, Hong Kong by The Asset Triple A Digital Finance Awards. In 2025, Mox is ranked as the number one digital bank in Hong Kong in Neobank Ranking 2025 by The Banker, a publication by Financial Times. It was also awarded the Best Digital Bank in Hong Kong by The Asian Banker for three consecutive years, and the Digital Bank of the Year in Hong Kong by Asian Banking & Finance for two years in a row. It was also recognised as one of Asia’s Top 5 mobile banking app and the number one Hong Kong digital banking app in Sia Partners’ 2025 International Mobile Banking Benchmark. Mox Credit Card held its position as the seventh-largest credit card portfolio among all retail banks in Hong Kong[2]. Through a scalable platform, lower cost-to-serve, top-notch customer experience and the unique promise of safe, simple, smart, and fun banking, Mox has found immense affinity among Hong Kong customers: Mox app is the top-rated Hong Kong digital banking app in Apple App Store in Hong Kong[3], scoring 4.8 out of 5. Mox’s influence extends beyond Hong Kong, as shown by the company’s technology and know-how being transferred to Trust Bank in Singapore. 

Join us in shaping the future of banking.

Follow Mox on mox.com, Facebook, Instagram, Threads, LinkedIn and YouTube for our latest updates.

[1] The “Wealth Behaviours: Insights into how individuals are saving and investing” study was conducted in collaboration with Ipsos and it surveyed 2,500 working adults with a monthly household income above HKD15,000 in Hong Kong between August 2025 and April 2026.

[2] According to TransUnion’s Market Insights and Intelligence Dashboard (MIID) for the period from January to December 2025.

[3] As of the period from 28 January 2025 to 5 May 2026.

 

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SOURCE Mox Bank Limited

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UK Students Recognised in National AI Investment Challenge

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University teams apply AI to real-world investment problems, with Lancaster University team taking the top prize.

LONDON, May 6, 2026 /PRNewswire/ — CFA Institute, the global association of investment professionals, has announced the winner of its inaugural AI Investment Challenge, with the top prize awarded to a student team from Lancaster University.

Some 28 teams from 15 universities took part in the competition.

Delivered by CFA Institute and CFA Society UK, the competition brought together students from universities across the United Kingdom to tackle real investment challenges using artificial intelligence. The focus was on practical application, responsible use, and real-world relevance. 

Finalists came from Durham University, Heriot-Watt University, Lancaster University, University of Exeter, and University of Manchester. 

Teams presented AI-powered solutions to a range of industry challenges, from assessing how carbon pricing affects portfolio values to analysing large volumes of company disclosures and extracting insights from company earnings calls. The winning team from Lancaster University impressed judges with its design of a Disclosure Degradation Detection System – an early-alert tool for analysts that monitors upstream exposure to disclosure risk by analysing company and supplier filings for increasingly vague, complex, or weakening language.

Peter Watkins, Head of University Relations, CFA Institute, said:

“It’s encouraging to see how quickly students can apply technical skills to real investment problems. The strongest teams combined solid analysis with a clear understanding of how AI can be used responsibly in practice. This reflects where the investment industry is heading, with professionals expected to use new technologies effectively while continuing to apply sound human judgement.”

Nick Bartlett, CFA, ASIP, Chief Executive, CFA Society UK, adds:

“It’s been great to see students from across the UK take part. Opportunities like this help people build practical skills, make connections in the industry, and gain confidence in applying what they’ve learned. Bridging that gap between education and industry is increasingly important, as the skills needed for a career in the investment profession continue to evolve.” 

The winning team members from Lancaster University are Connor O’Keeffe, Ebro Dossajee, and Bradley McCann.  

Connor O’Keeffe, speaking on behalf of the winning team, said: 

“The CFA Institute AI Investment Challenge gave us the chance to work on a real investment problem and engage directly with industry professionals. Presenting our work and receiving feedback has been invaluable, and we’re proud to bring first place back to Lancaster. It’s been a great experience for the whole team.”

Steve Young, Professor of Accounting at Lancaster University Management School, commented:

“The AI Investment Challenge is a fabulous initiative from CFA Institute that helps students formulate and execute artificial intelligence solutions to assist investment analysis professionals, and we are thrilled that Brad, Connor, and Ebro have been able to make such a positive contribution to the competition. Congratulations to all teams involved and thank you to CFA Institute and CFA Society UK for organising such an inspiring event.” 

The competition was judged on practical relevance, quality of analysis, innovation in the use of AI, responsible use of technology, and clarity of presentation. The final was judged by a panel of six investment industry professionals based in the UK. 

University representatives and students can opt-in to be the first to hear about future AI Investment Challenge events via Information Waitlist.

Notes to Editors

The AI Investment Challenge was held on Thursday 30 April 2026 in London.

First, second, and third-place teams received prizes of £2,000, £1,200, and £800, respectively. In addition, all finalist team members received a CFA Program Access Scholarship and the opportunity to showcase their work on CFA Institute platforms. 

More information about the AI Investment Challenge is available here: CFA Institute AI Investment Challenge

About CFA Institute
As the global association of investment professionals, CFA Institute sets the standard for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across 160 markets, CFA Institute has 8 offices and 157 local societies. Find us at www.cfainstitute.org or follow us on LinkedIn, and subscribe on YouTube.

View original content:https://www.prnewswire.co.uk/news-releases/uk-students-recognised-in-national-ai-investment-challenge-302762959.html

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