Young Rich Listers sell popular Sweat app
Julie-anne SpragueRich List editor
Updated
Young Rich Listers Kayla Itsines and Tobi Pearce have sold Sweat, the fitness empire they created from a humble e-book in 2015, to US-based iFIT Health & Fitness.
The sale comes nearly four months after the fitness duo, worth an estimated $209 million each, mandated Australia’s Gresham Partners and its offshore affiliate, middle-market investment bank Baird, to ready the business for market and talk to potential buyers on their behalf.
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