Archive for the ‘Gyms’ Category

Steady growth and deal frenzy in European club market
11 Apr 2018

Steady growth and deal frenzy in European club market

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The trend toward larger gyms with more members and lower prices continued to dominate the European fitness club market last year, amid a frenzy of mergers and acquisitions. The European market generated sales of €26.6 billion in 2017, up by...

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The Gym Group multiplies sites and options
21 Mar 2018

The Gym Group multiplies sites and options

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The Gym Group has resolved to launch its upgraded membership offering across all of its gyms by the end of May, as a means for the budget operator to diversify its proposition and raise its yield. The move was announced as the company reported a...

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Basic-Fit targets 5 million customers
13 Mar 2018

Basic-Fit targets 5 million customers

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Basic-Fit has reaffirmed its guidance that it should open about 100 clubs this year, but the Dutch group has spelled out a wider target to reach five million people by 2025, with more clubs as well as other fitness products. “This is a big...

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Altafit reinforces Spanish budget club leadership with iFitness buy
1 Mar 2018
News

Altafit reinforces Spanish budget club leadership with iFitness buy

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The consolidation of the Spanish fitness club industry is gathering pace, with the projected takeover of iFitness by Altafit, reinforcing its leadership of the Spanish budget club market. The agreement should form a group with 56 clubs, annual...

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Forever Fitness clubs bought by healthcare group
14 Feb 2018

Forever Fitness clubs bought by healthcare group

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Ten gyms trading as Forever Fitness in southern Finland have been acquired by Pihlajalinna, one of the country’s leading social and healthcare service providers. The two remaining clubs are franchises, which will continue to operate as...

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CMG Sports Club owners appoint restructuring firm after CEO exit
5 Feb 2018

CMG Sports Club owners appoint restructuring firm after CEO exit

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The owners of CMG Sports Club have appointed a firm specialised in corporate restructuring to take over the leadership at the Paris-based fitness club operator, after the departure of its chief executive a few days ago. Vincent Monnot was...

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David Lloyd Leisure moving into France
16 Jan 2018

David Lloyd Leisure moving into France

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David Lloyd Leisure (DLL) is moving into its seventh European market with the projected acquisition of City Green Sports and Health Club, which is near Geneva but situated in France. The British fitness club operator already became the largest in...

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Jatomi dismantles fitness club group
16 Jan 2018
News

Jatomi dismantles fitness club group

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The Jatomi Fitness brand is likely to disappear from the European market in the next few months, as the company’s chief executive confirmed that it had been decided to dismantle the business. Trevor Brennan said that the group is nearing a sale...

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Viva Gym and Fitness Hut form Iberian smart cost leader
10 Jan 2018

Viva Gym and Fitness Hut form Iberian smart cost leader

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Viva Gym has formed an Iberian fitness group with 48 gyms and nearly 200,000 members through the acquisition of Fitness Hut in Portugal, with support from Bridges Fund Management. The protagonists said that they intend to continue developing the...

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Supera gets new majority shareholder and fresh capital
30 Nov 2017
News

Supera gets new majority shareholder and fresh capital

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Portobello Capital, a Spanish private equity firm, confirmed today that it has acquired a majority stake in Supera, with a capital increase that should support further expansion for one of Spain’s leading fitness club operators. Portobello...

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