Archive for the ‘Features’ Category

12 Sep 2016
News

Fitness Boutique accelerates store roll-out

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Fitness Boutique, the French fitness retailer, has started ramping up its store openings as fitness is gaining ground in France and the company is studying expansion in several other countries. Fitness Boutique should end the year with 84 stores...

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25 Aug 2016
News

Basic-Fit to reach more than 400 clubs this year

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Basic-Fit, the Dutch-based operator of low-cost gyms that was listed on the Euronext stock exchange in Amsterdam in June, is projecting adjusted EBITDA of at least €80 million on a turnover of €260 million this year, with more than 400 clubs in...

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24 Aug 2016
News

McFit launches John Reed fitness and music concept

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McFit, the German-based gym operator with the largest number of members in Europe, has opened two clubs with an urban concept focused on music, to be expanded in several European markets. The two first John Reed Fitness Music Clubs were opened in...

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28 Jul 2016
News

Life Fitness agrees to buy ICG

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In yet another move to diversify its offering, Life Fitness has agreed to buy the Indoor Cycling Group (ICG), the German-based supplier of indoor cycling equipment with sales of about €37 million in 2015, at an undisclosed price. Life Fitness...

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5 Jul 2016
News

Sharp half-year rise in membership for The Gym Group

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Apparently unaffected by uncertainties in the run-up to the Brexit vote, the Gym Group continued to expand rapidly in the first half of the year. The British low-cost operator raised its number of members to 424,000 in 80 gyms at the end of June, up...

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28 Jun 2016
News

DW Sports Fitness in reported talks for Fitness First U.K.

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Dave Whelan, the owner of DW Sports Fitness, which runs 78 fitness clubs in the U.K., is reportedly in exclusive talks to take over Fitness First gyms in the United Kingdom. Sky News reported that Whelan has an agreement to hold exclusive talks...

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14 Jun 2016
News

Nuffield Health to buy 35 Virgin Active sites in U.K.

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Nuffield Health is to become the second-largest British operator in number of clubs after the intended acquisition of 35 gyms from Virgin Active. The buy publicised today calls for all members and teams of these Virgin Active clubs to be...

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10 Jun 2016
News

Basic-Fit hits stock market at lower end of price range

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Basic-Fit shares were priced at the lower end of the range set for the Dutch low-cost fitness chain when they started trading on the Euronext stock exchange in Amsterdam today, implying a market capitalization of €820 million. While the...

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2 Jun 2016
News

CMG Sports Club and Silhouette owners wrapping up sale

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The sale of CMG Sports Club in France and Silhouette in Switzerland to LFPI Group, a French-based asset management firm, should be finalised imminently, Fitness News Europe heard this morning. 21Centrale Partners (21CP), a French-Italian...

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1 Jun 2016
News

Jatomi Fitness ceases Turkish operations

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Jatomi Fitness Group has decided to cease its Turkish business and to report the bankruptcy of its operations in the country, which have been persistently loss-making. “Jatomi Fitness Group took the unfortunate decision to cease operations...

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