Echelon Fitness has formed a joint venture with Passat, a French firm specialised in distribution of household products, to sell the connected fitness gear brand in several European markets. Lou Lentine, Echelon’s chief executive, said a few...Read more
Several fitness equipment brands could be hit by punitive duties of 25% on imports from the U.S. into the European Union, which were suddenly implemented earlier this month. This comes after the World Trade Organisation allowed the E.U. to raise...Read more
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...Read more
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,...Read more
Peloton is scrambling to deal with supply constraints and delays in deliveries, as demand continues to soar. Peloton’s sales surged by 232% to $757.9 million for the quarter until the end of September, the first in its fiscal year. The number...Read more
Under Armour is realigning its investments in digital fitness with an agreement to sell MyFitnessPal to Francisco Partners for $345 million, and a decision to shut down Endomondo before the end of the year. This means Under Armour’s digital...Read more
Salto Systems, a Spanish group specialised in electronic access control systems, has taken over Gantner, the Austrian technology firm that works with multiple European fitness club operators. Enabling Ardian’s exit from Gantner, the combination...Read more
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...Read more
Technogym wants to double its home equipment sales, as part of a three-year plan that aims to raise its turnover to €1 billion in the medium to long term. Amounting to €97.9 million for the first nine months of this year, Technogym’s sales...Read more
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...Read more
Fitness News Europe is an independent business publication for managers, investors and other stakeholders in the international fitness industry, who want reliable, topical business information about their market.
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An essential business tool for executives and investors, with regularly updated analysis that is available permanently online, along with news items and features compiled in bi-weekly electronic newsletters.
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Martin Long, former chief executive of...
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The Holmes Place group is starting the...