David Lloyd Leisure moving into France

16 Jan 2018

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 Europe by turnover last year, moving ahead of Virgin Active with the purchase of 14 clubs from this operator in the U.K. The gap widened with Virgin Active’s divestment of its Iberian clubs in October. DLL’s member count has jumped to about 580,000, up from 486,000 at the end of 2016, with a combination of organic growth and acquisitions.

DLL has exchanged contracts to buy the French club with about 3,700 members using a gym, a swimming pool, plenty of racquet sports courts and other facilities. The buyer intends to spend about £5 million (€5.6m) over the summer to refurbish and develop the site.

The acquisition of the City Green Sport enlarges DLL’s network to 112 clubs in seven countries, fourteen of them outside the U.K. It fits with David Lloyd’s target to reach 150 clubs by 2026.

The group already ran upmarket family clubs in the U.K., Ireland, Belgium, the Netherlands and Spain, and it moved into Italy last year by purchasing Malaspina Sporting and Health Club near Milan.

Read the full story in FNE#47.

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