Blogs

25 Nov 2020
News

Echelon Fitness in joint venture for several European markets

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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...

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Tariffs hit European importers of U.S. fitness gear

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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...

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16 Nov 2020

Fitness World pulling out of Poland

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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...

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11 Nov 2020
News

Bare Trening reinforces Sats group in Oslo

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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,...

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11 Nov 2020
News

Supply constraints affect Peloton delivery

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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...

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11 Nov 2020
News

Under Armour selling MyFitnessPal

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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...

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29 Oct 2020
News

Salto Systems purchasing Gantner

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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...

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29 Oct 2020
News

Two German budget gym groups form Best Fit platform

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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...

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29 Oct 2020
News

Technogym to double home fitness gear sales

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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...

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29 Oct 2020
News

Fast-spreading closures hurt European gym sector recovery

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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...

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