Paul Byrne - The Cyclical Nature of The Fitness Industry
Future of Fitness
The Cyclical Nature of the Fitness Industry and Paul Byrne's Career
In this chapter, the guest Paul Byrne discusses the cyclical nature of the fitness industry and how challenges faced now are not new. He shares his career journey in the fitness industry and his involvement with Pre-Core.
In this podcast episode, Eric Malzone interviews Paul Byrne, a fitness industry veteran who has been in the business since the mid-1970s. Byrne discusses his experience in the industry, including his involvement in the growth of the at-home and club fitness spaces from the 1980s to the present day. He notes the role of demographics in driving industry growth, with millennials in their prime purchasing years likely to drive future growth.
Malzone and Byrne also discuss the potential of the industry to effect meaningful change in people's health and fitness, with Byrne suggesting that the industry should have a voice in addressing the existential threat of obesity, especially to youth. They also explore the potential of virtual reality in the fitness industry, with Byrne suggesting that it has the potential to immerse people in a fun and engaging way, particularly children.
The conversation also covers private equity and investment banking, with Byrne suggesting that there may be opportunities to buy solid businesses at lower prices and combine them.
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