SoulCycle CEO Melanie Whelan: Don't Call us a Fad

Boss Files with Poppy Harlow

CNN

Business, Entrepreneurship

4.6 • 538 Ratings

🗓️ 4 February 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

SoulCycle CEO Melanie Whelan opens up about the brand's decision to not go public, monthly meetings with her "millennial mentor," and why SoulCycle looks at Disney and Starbucks to think outside the box. Produced by Haley Draznin, CNN.To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Attention.
0:02.0	Oh, hang on.
0:04.0	Attention.
0:05.0	Rail travellers, platform paces, window gazers and armrest negotiators.
0:10.0	Have you heard?
0:12.0	The big railfare freeze is here.
0:14.0	Railfares have been frozen across England until March 2027 on standard class tickets,
0:20.0	including off-peak, anytime, and season tickets.
0:23.4	For more information, visit nationalrail.co.ukuk slash fares for ease.
0:28.3	Teas and season exclusions apply.
0:30.6	In this episode of Boss Files, we've treated it from the beginning as a curtains, up, curtains
0:35.7	down, live production. Every 45 minutes,
0:38.7	we throw a live event and we want every one of the people that have clipped into those bikes to
0:42.7	feel like they're part of something special. Got Soul? Meet Soul Cycle CEO Melanie Wheelan.
0:48.6	She's guiding the fitness brand into its next chapter with more than 90 studios across the
0:53.7	U.S. and Canada, with London also on the way.
0:57.2	She insists Soul Cycle is not a fad. But don't hold your breath for the company to go public,
1:03.2	why she says an IPO is not on the table right now. When you have great shareholders and you're
1:08.3	privately held and you have shareholders who are very aligned with what you want to do and you have a highly profitable business and a great balance sheet,
1:15.5	there's really no need and less opportunistic.
1:17.8	Plus, a millennial mentor?
1:19.8	The CEO holds monthly meetings with her younger colleague to keep up with all things hip.
	...

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