logo
Picklr, the world's largest pickleball franchise, to open 20 clubs in Japan

Picklr, the world's largest pickleball franchise, to open 20 clubs in Japan

CNBC22-05-2025

The world's largest pickleball franchise is coming to Japan.
The Picklr, a network of indoor pickleball clubs, will open 20 new locations in the Japanese market over the next five years, the company said on Thursday. The expansion will take place through a strategic partnership with Nippon Pickleball Holdings, Japan's leading pickleball company.
The Picklr CEO Jorge Barragan has taken on an aggressive growth strategy as the sport has seen exponential growth. Pickleball saw a 223% jump in participation over a three-year span, according to the Sports and Fitness Industry Association, making it among the "fastest-growing" sports for several years running.
There are more than 20 million pickleball players in the U.S., according to the SFIA.
The Picklr currently operates 40 locations in the United States and Canada. It expects that number to grow to 80 clubs by the end of the year. Barragan said in total, the company has sold more than 500 franchises in the U.S., Canada and Japan that are slated to open over the next 5 years.
The clubs offer court reservations and host clinics, leagues, tournaments and private events. The business is run as a membership model, with most clubs averaging between 500 and 700 members, The Picklr said.
Barragan told CNBC that he believes Japan will serve as a launching pad for the broader Asia market.
"For us, it was important to go to a country that was ready and primed to be ready to accept the growth of The Pickler, especially like a country like Japan that focuses primarily on health and community, but they have a love for racket sports," Barragan told CNBC.
The first Japanese Picklr facility is slated to open in the Tokyo metro area, followed by additional locations throughout the country. The facilities will be located in retail, office and light-industrial buildings.
Barragan said he doesn't see the pickleball trend letting up anytime soon. He said he's still fielding more than 220 leads monthly, many of those international.
"We keep waiting for the day where the leads are going to taper off or go down," he said. "We still haven't seen that dip."
The professional pickleball leagues are also looking for international growth. In July, the United Pickleball Association announced plans to expand its tour to include events in Australia, India, Canada, Asia and Europe.
"I think different parts of the world are starting to get the pickleball bug and they're starting to experience what we experienced four years ago when we started the business," Barragan said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nomura Flags Risk of Sharp Yen Rally on US-Japan Policy Pressure
Nomura Flags Risk of Sharp Yen Rally on US-Japan Policy Pressure

Bloomberg

time13 minutes ago

  • Bloomberg

Nomura Flags Risk of Sharp Yen Rally on US-Japan Policy Pressure

Japanese investors pivoting out of US assets as yen yields rise — combined with implicit pressure from Washington over the exchange rate during trade talks — could push the currency about 6% higher against the dollar in the coming months, according to Nomura Holdings, Inc. The investment bank, among Japan's largest, now recommends shorting the greenback versus the yen, targeting a move in the pair to ¥136 by the end of September, from around ¥145 currently. Nomura's Yusuke Miyairi, Yujiro Goto and Dominic Bunning expect that the Bank of Japan 's steady pace of rate hikes, will 'encourage domestic investors to increase more domestic bond than overseas bond exposure,' they wrote in a Friday report to clients.

"Really tough day" for Fabio Quartararo as Yamaha struggles at Aragon MotoGP
"Really tough day" for Fabio Quartararo as Yamaha struggles at Aragon MotoGP

Yahoo

time42 minutes ago

  • Yahoo

"Really tough day" for Fabio Quartararo as Yamaha struggles at Aragon MotoGP

The low-grip Aragon track was a prime suspect to expose the deficiencies of Yamaha's YZR-M1 machine and unfortunately for Fabio Quartararo and the Japanese manufacturer the issue was in the spotlight. There was no shortage of sympathy for the luckless Frenchman whose Yamaha machine snapped and jumped seemingly on the exit of every corner around the track during Friday practice. Advertisement To add insult to injury, Quartararo's Yamaha was joint-slowest through the speed trap, almost 10 km/h (6 mph) slower than Brad Binder's KTM. The inability to put power down on the tarmac was undoubtedly a key factor in the speed difference. With frantic gesticulation while out on track, it was clear that Quartararo wasn't pleased. He left the garage as soon as the session was over, preferring to cool down before he dived into the debriefs. At least Quartararo could see the funny side when he spoke to the media, as he hops from one end of the grid to the other this weekend. 'We almost made the pole position on the other side [at the back of the grid],' joked the Frenchman initially. 'A really, really tough day especially with the soft tyre. We don't understand what really happened with electronics and stuff but not the best day and especially [since] we don't understand why. 'The problem is that you never know when to expect it and in our case, it is not the best when you are on the bike fully in angle and you never know if you're going to lose it on the edge or on the exit and I didn't make any lap. The four laps I did was all cutting and making mistakes so we will have to find a solution.' Fabio Quartararo, Yamaha Factory Racing Fabio Quartararo, Yamaha Factory Racing Gold and Goose Photography / LAT Images / via Getty Images Gold and Goose Photography / LAT Images / via Getty Images Advertisement When quizzed on the set-up of the bike, Quartararo was adamant that this was not the issue. 'The set-up is good," said the 2021 MotoGP champion. "We have to just understand why when we change rubber it completely changes our bike, and our electronics become crazy.' Yamaha team director Massimo Meregalli was equally disappointed in the session understanding the problem suffered by his riders as Quartararo and Alex Rins finished the Friday in 18th and 15th respectively. 'They are suffering the same problem, it's the rear grip,' Meregalli said. 'They are losing the rear a lot. Every time they try, they lose the rear. So they have to try to understand how to at least reduce the slide and improve the performance. Advertisement Read Also: Aprilia 'would have won more races' with Jorge Martin as it works to fix rift Pramac ride 'on the table' as Toprak Razgatlioglu eyes switch to MotoGP Ai Ogura withdraws from Aragon MotoGP following Silverstone crash 'You know at the beginning of the session I was a bit more optimistic, especially after FP1 but for sure the increased temperature [meant] the grip dropped down even more than before. Honestly I did not hear any comment because Fabio left to go and get changed but I think it was very easy to understand.' There's a lot of work for the Yamaha team tonight to go over the data to see why the soft tyre is causing so many problems. Quartararo will be praying they find a golden fix for the bike's woes. To read more articles visit our website.

The Trump-Musk feud could be one of the catalysts for a coming 10% stock correction, former JPMorgan strategist says
The Trump-Musk feud could be one of the catalysts for a coming 10% stock correction, former JPMorgan strategist says

Business Insider

timean hour ago

  • Business Insider

The Trump-Musk feud could be one of the catalysts for a coming 10% stock correction, former JPMorgan strategist says

Former JPMorgan chief market strategist Marko Kolanovic sees a stock market pullback in the cards, and the Trump-Musk feud could be one of the triggers that sets off a decline. Speaking on CNBC on Thursday, Kolanovic predicted a coming correction of 5%-10% that could be set off by a drop in Tesla's stock price. "It's a little bit of a sideshow. It's important for certain companies, and it can spill over," Kolanovic said of the president's fallout with Musk. "Tesla is one of the biggest holdings of retail investors. There's a little ecosystem of stocks around it. I think it could be a little bit of a catalyst." In a post on X on Thursday, Kolanovic pointed to popular retail stocks such as Tesla, Palantir, and Super Micro as potential triggers of a momentum crash. Tesla stock plunged 14% on Thursday as Trump responded to Musk's criticisms of the big GOP tax and budget bill. Back in February (2/19) drop of $PLTR on dod spending cut started market wide momentum crash. Today, we have several crowded retail names $TSLA $PLTR $SMCI that could start a similar development ... — Marko Kolanovic (@markoinny) June 5, 2025 However, Kolanovic also noted that the Trump-Musk fight would be one possible catalyst for a market pullback among many. Uncertainty in the economy and the trade war are also looming problems. "We're close to all-time highs, but we still have all the problems," Kolanovic said. "We have a trade war, we have signs of an economic slowdown." Valuations are stretched, he said, with the Nasdaq close to record highs even as rates remain elevated, and Kolanovic sees warning signs in the bond market. The risk-reward tradeoff for stocks versus bonds looks unattractive, as the 10-year Treasury yield hovers around 4.4%. That means equity investors aren't getting a great return in excess of the risk-free rate. There's also the lingering concern about Fed independence, with Trump repeatedly pressuring Powell to cut interest rates. Macro risks are mounting as well. Kolanovic pointed to the weak ADP jobs report earlier this week, which reported 37,000 new jobs compared to economists' expectations of 110,000. While the May jobs report showed higher-than-expected job growth, April and March numbers saw significant downward revisions. A correction could present a potential buying opportunity, but that's only if recession risks dissipate, Kolanovic said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store