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Kayla Itsines and her former fiancé Tobi Pearce have sold their global health and fitness empire, Sweat, for $400million.
According to The Courier Mail on Tuesday, the company was bought by US software giant iFIT Health & Fitness Inc., just six years after the couple established the popular app.
Despite the sale, Kayla, 30, and her ex will still lead the brand from Adelaide, where the business will retain its headquarters.
'Kayla and I have had a very strong and long working relationship and this is the beginning of chapter two for both of us,' Tobi said of the sale.
'I'm very much looking forward to a bigger and better Sweat - our headquarters will remain in Adelaide and we have a second office in Melbourne and that will remain there as well.'
Sold: Kayla Itsines and her former fiancé Tobi Pearce have sold their global health and fitness empire, Sweat, for $400million. Both pictured
Since its inception, the Sweat app has been downloaded more than 30 million times, and in the year to June 2020, generated $99.5million in revenue.
The US is their biggest market, and is responsible for $53.7million of their
