Archive for the ‘Gyms’ Category

14 May 2020
News

Xercise4Less shares for sale

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Xercise4Less shareholders are envisaging a sale to fortify the British budget gym operator’s financial position. The group of 51 large gyms received debt funding of £42 million (€47.5m) from Proventus Capital Partners, a Swedish firm, in May...

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14 May 2020
News

BigGym takes Dutch state to court

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BigGym, a Dutch fitness club operator, has filed a lawsuit against the state, after its decision to delay the reopening of Dutch clubs until the start of September. “Unacceptable”, “incredible” and “disappointed” were some of the...

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14 May 2020
News

North Rhine-Westphalia leads German club reopenings

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When Just Fit reopened its fitness clubs in Cologne on Monday, members were waiting outside. They were among the first to return to training in Germany, in the state of North Rhine-Westphalia. “We have worked around the clock to get ready for...

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Czech clubs leading European reopenings

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Czech ftness clubs were suddenly allowed to reopen on Monday, after the government changed tack last week and included them in the second phase of its plans to get the Czech economy started again. “We have been very pro-active with the...

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29 Apr 2020
News

The Gym Group places new shares

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The Gym Group has raised about £41.3 million (€47.3m) through a private placing and subcription of new shares, which should help to ward off liquidity issues in the weeks ahead. The new shares amount to about 19.9% of the British smart cost...

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29 Apr 2020
News

Basic-Fit secures extra financing

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About 75% of Basic-Fit’s members agreed to take compensation instead of freezing their membership in April, helping to preserve the liquidity of Europe’s leading fitness club operator. The Dutch group with 828 clubs across five European...

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29 Apr 2020
News

European fitness club operators prepare for the “new normal”

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Suppliers of gym access control systems and cleaning products are among the companies that should benefit from the projected reopening of fitness clubs, which are working on elaborate protocols to operate safely in the months ahead. The exact...

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Nordic Wellness takes over Always Fitness

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Nordic Wellness has taken another leap toward its upgraded target to reach 300 clubs in the next three years, through its acquisition of 17 clubs from Always Fitness. The Swedish fitness club operator has been on a steady expansion drive in the...

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1 Apr 2020
News

Club members urged to #standbyyourgym

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“When I put up posts on social media I normally get a dozen reactions, but this one went viral,” said Robert Handy. He’s the person behind an informal initiative urging members of independent British fitness clubs to #standbyyourgym. The...

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1 Apr 2020
News

Smart cost clubs drive underlying expansion in European market

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The underlying trend in the European fitness industry remained unchanged last year, with smart cost clubs driving a rise in participation and raising the sector’s revenues to €28.2 billion, up 3.1% in constant currencies. The numbers are...

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