Archive for the ‘Gyms’ Category

22 Dec 2020
News

Waterland and Fit/One team up to build European group

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Waterland Private Equity, the firm that supported Basic-Fit’s expansion, wants to build another European market leader with a prospective deal to buy half of Fit One – as a platform for more purchases in the German-speaking countries and other...

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22 Dec 2020
News

Medicover buys Fitness World clubs in Poland

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Medicover is investing in vertical integration, complementing its fitness pass service with the acquisition of the 19 Fitness World clubs in Poland previously owned by the Pure Gym group. Medicover is a Swedish-based healthcase service group that...

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Grupo Duet pulls out of fitness

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Grupo Duet has finalised its pull-out from the fitness industry with the sale of its ten Duet Sports clubs to Sixth Street Partners and Ithaka, its Spanish partner. Grupo Duet divested its thirteen Duet Fit clubs in Catalonia to the Viva Gym...

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9 Dec 2020
News

PureGym franchising to start in Saudi Arabia

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Pure Gym could shake up the market in Saudi Arabia through a franchise partnership that aims to open 40 budget clubs around the country in the next five years. The partner is Ektimal, a Saudi entity created to invest in the fitness industry. Its...

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9 Dec 2020
News

Jeff gets funding for multi-service franchise

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Fit Jeff studios could start proliferating in Europe, after the multi-service start-up behind the franchise raised €17.3 million last week to continue working on its products and to expand in more international markets. Fit Jeff is the...

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25 Nov 2020

Fitness World chief returns with FitnessX

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Almost out of the blue, the FitnessX brand has taken off in the Danish fitness club market to create a group of 22 large-scale clubs in less than three months. That’s “almost” out of the blue because the investors behind the project are...

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16 Nov 2020

Fitness World pulling out of Poland

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The Pure Gym Group has decided to pull the plug on its Polish operation, by filing for bankruptcy for its group of 19 Fitness World clubs in the country. The gyms have been closed since October 17, as ordered by the Polish government. They will...

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11 Nov 2020
News

Bare Trening reinforces Sats group in Oslo

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The acquisition of six Bare Trening clubs by Sats around Oslo fits neatly with the Nordic group’s approach to create clusters in the largest cities. It will complement the Sats group’s existing network of 43 clubs in the Norwegian capital,...

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29 Oct 2020
News

Two German budget gym groups form Best Fit platform

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Two of Germany’s budget gym operators have combined to create a group of 64 budget gyms with over 210,000 members, and plans to become a national market player through more acquisitions. The Best Fit Group combines two profitable operators...

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29 Oct 2020
News

Fast-spreading closures hurt European gym sector recovery

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European fitness club closures are set to soar in November, after Germany and France ordered them yesterday as part of their measures to curtail fast-rising infections. They joined gym operators in countries such as Italy, Ireland, Poland, the...

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