Archive for the ‘Gyms’ Category

24 Aug 2020
News

Sports Direct group buying DW fitness and sports retail assets

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The company behind Sports Direct has purchased 43 gyms and 31 sports stores in the U.K. from the administrators of Dave Whelan Sports for £37 million (€41.0m), to complement its fitness business under the Everlast brand. The DW assets were...

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4 Aug 2020
News

JD Gyms scaling up with Xercise4Less

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JD Gyms’ acquisition of 50 Xercise4Less clubs in the U.K. marks a leap forward for the British smart cost operator – and probably the start of another bout of consolidation for the European fitness club industry. JD Gyms snapped up the...

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14 Jul 2020
News

RSG Group set to acquire Gold’s Gym for about $100 million

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RSG Group, the company behind McFit, is set to acquire Gold’s Gym for about $100 million, subject to final court approval. With a potential combination of over 900 gyms and franchises on six continents, Rainer Schaller’s group could kickstart...

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Norwegian study backs up safe training measures

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The Norwegian study involving about 4,000 gym members to check the risk of contagion when working out in fitness clubs has concluded that “provided good hygiene and social distancing measures, there was no increased Covid-19 spread at training...

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26 Jun 2020
News

F45 set to go public after deal for takeover by Crescent-backed vehicle

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F45 is preparing an initial public offering, after a takeover agreement with a special purpose vehicle backed by Crescent Capital Group, that is anticipated to give the combined company an enterprise value of $845 million A filing by Crescent...

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24 Jun 2020
News

énergie Fitness repurchased by founding shareholders and managers

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Launching énergie Fitness in more international markets is one of the priorities for the team that is taking over the leadership at the British fitness franchise, after a management buy-out. The owner of a franchise with 105 fitness clubs and...

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10 Jun 2020
News

CrossFit chief quits, Reebok pulls out of talks

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Dave Castro is taking over as chief executive at CrossFit, after furious backlash against insensitive tweets from Greg Glassman led the founder to quit. The social media messages, referring to George Floyd and Covid-19, led multiple partners,...

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10 Jun 2020
News

Evo Fitness restarts with expansion

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While Norwegian fitness club operators are preparing to reopen on June 15, Evo Fitness has prepared a flying restart with three openings scheduled in the next few weeks. With its technology-driven concept, Evo is well-equipped to deal with...

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29 May 2020
News

McFit reopens with flexible deals

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McFit has started offering a monthly membership to rebuild sales and traffic at its gyms, which are working at about half of their capacity since reopening in Germany and Italy in the last two weeks. Just in time for reopening it came up with...

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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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