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5.2

Smart Fit acquires 20% stake in Brazil's largest spa network, boosting TotalPass

Smart Fit (SMFT3) acquired a minority stake of up to 20% in Buddha Wellness Group, Brazil's largest spa network, expanding its TotalPass ecosystem. The deal is a strategic move to broaden service offerings and increase subscriber value, though financial terms were not disclosed. This is a notable corporate development in Brazil's fitness and wellness market.

InfoMoneyabout 23 hours agoBRCredibility 48%View source

Score Breakdown

Mosaic Score5.2
Model confidence0.5
Significance0.5
Source credibility0.5

Intelligence Tags

#smart-fit#buddha-wellness#spa#totalpass#brazil#m&a

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