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A court has given Virgin Active the green light to erase the rent arrears it had accrued during the
pandemic lockdowns.
news •
12 May 2021
As part of a continuing restructuring and debt reduction programme, health and fitness group, Topnotch, has sold its Tower 42, Old Broad Street, City of London club for £1.725m to Bannatyne Fitness.
news •
10 Jun 2003
A battle to save Virgin Active is continuing, as the company works to secure a
restructuring plan which would be approved by its creditors.
news •
13 Mar 2021
Fitness First is to restructure existing lease agreements on a number of its UK
fitness clubs after creditors approved the group's Company Voluntary Arrangement
(CVA) proposal.
news •
20 Jun 2012
Fitness First has announced plans to sell 67 UK gyms and has initiated a Company
Voluntary Arrangement (CVA) as part of the health club operator's restructuring
process.
news •
01 Jun 2012
Health club operator Fitness First has completed its restructuring, following a turbulent two-year period
during which the privately-owned group has struggled under a burden of debt. Announcing its full year
results for 2011, Andy Cosslett, CEO, said: "It's no secret that 2011 was a difficult year for
us."
news •
14 Nov 2012
John Gamble, the managing director of Core Health & Fitness responsible for Europe,
the Middle East and Africa (EMEA), has announced he will retire in January.
news •
28 Nov 2017
Fitness equipment supplier Life Fitness has revealed that former UK sales director Murray Rudkin has been promoted to the role of UK country manager.
news •
11 Mar 2011
Andrew Cosslett, the former chief executive of Intercontinental Hotels Group
(IHG) has been named as the new chief executive officer of health club chain Fitness
First.
news •
08 May 2012
Fitness First has filed a Court Order for restructuring at Companies House in the UK –
the
document is currently being processed, with details due in nine days.
news •
14 Jul 2023
Caoimhe Bamber, co-founder of Digme Fitness, has described a recent
Daily Telegraph
article which claimed the chain was on the verge of collapse as 'misleading'.
news •
11 Feb 2022
Topnotch Health Clubs, the fitness club operator which floated three years ago, has been put into administration after failing to complete restructuring talks.
news •
11 Sep 2003
Ian Burke, former chief executive of Holmes Place Health and Fitness has joined leisure and gaming group Rank as its new chief executive.
news •
07 Mar 2006
Fitness franchise operation énergie Group has acquired Jackie Skelly Fitness in Ireland.
news •
11 Jun 2010
LA Fitness has announced it wants to sell 33 of its 80 clubs as part of a
restructuring plan to help secure its long-term future.
news •
07 Mar 2014
Health club chain 24 Hour Fitness has filed for Chapter 11 bankruptcy protection, blaming the
"disproportionate impact of the COVID-19 pandemic" on its operations.
news •
15 Jun 2020
24 Hour Fitness will emerge from chapter 11 bankruptcy this week after the gym chain secured
backing for its restructuring plan.
news •
28 Dec 2020
The founders of boutique operator Digme Fitness have dismissed reports in the UK's national
press which claimed that the company has "collapsed".
news •
31 Mar 2022
Industry heavyweight, Justin Musgrove, has joined Fitness First UK as CEO.
news •
06 Oct 2023
Goodlife Health Clubs has confirmed its intention to acquire Fitness First
Essendon and five Fitness First gyms in South Australia (SA) – Adelaide City,
Marion, Holden Hill, Payneham and Hindmarsh.
news •
24 Aug 2012
LA fitness has rolled out its new high intensity, 20-minute signature classes
across its UK and Ireland clubs, following their popularity at the operator's new
premium LAX facility in central London.
news •
21 Jan 2014
Fitness First, one of the world's largest health club operators, has changed its
top management team after experiencing a difficult period of trading at both its
UK and Australian businesses.
news •
03 Feb 2012
Sports Direct International – the company founded by Newcastle United owner
Mike Ashley – is considering a high-profile arrival in the health clubs sector
with the acquisition of up to 33 LA fitness sites, according to reports.
news •
14 May 2014
Indoor cycling specialist Wattbike has restructured its senior management team in order to
"drive a new era of global expansion".
news •
05 Apr 2018
Town Sports International – which operates a raft of brands, including the New York
Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its
long-term future, following its recent move into Chapter 11.
news •
17 Sep 2020
Waverley Borough Council in Surrey has renewed its contract with DC Leisure to manage all five of its leisure centres as part of its new Leisure Improvement Programme, which is injecting £9m into improving facilities across the borough.
news •
16 Apr 2008
Health club operator Fitness First has signed a three-month waiver agreement
with its key creditors to allow a comprehensive debt restructuring.
news •
24 Apr 2012
Fitness franchise operation énergie Group has been given the green light to acquire the Ireland-based chain, Jackie Skelly Fitness, which went into examinership in February.
news •
24 May 2010
Budget fitness chain, Xercise4Less, will have a new shareholding set-up and financing
structure by the time the UK's gyms are allowed to open their doors to customers.
news •
23 Jun 2020
Fitbug Holdings, the online health and wellbeing services provider, is changing its trading
name to Kin Wellness, following a decision to reposition the business.
news •
05 Apr 2017
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Peloton has secured a critical US$1bn five-year loan to shore up its finances. The loan ...
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Leisure Media has added another heavyweight to its line-up of CEOs for its inaugural HCM ...
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Empowered Brands has signed a deal with European staffless gym chain, Fit+, to be the ...
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Speaking to HCM for its 2024-2025 Handbook, which will be out next month, PureGym managing ...
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Leisure, lifestyle, wellness and entertainment growth investor, Imbiba, has invested in boutique gym brand, 1Rebel's ...
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Nuffield Health has worked with ServiceSport UK for more than ten
years, ensuring the equipment in its clubs is commercially optimised
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D2F had updated its brand styling to keep pace with
business growth. MD, John Lofting and operations
director, Matt Aynsley, explain the rationale
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GymNation is pioneering the future of
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HCM magazine
Speaking on the LIFTS podcast recently, Xponential Fitness CEO Anthony Geisler said participation in studio cycling is down globally. Kath Hudson decided to investigate
HCM magazine
When a hefty round of investment
coincided with the pandemic, the
CEO of Midtown Athletic Clubs
feared the company – founded by
his grandfather – would go down
on his watch. He talks to Kath
Hudson about the pressure to
keep the business afloat
HCM magazine
Pilates is having a
moment. Steph Eaves
asks suppliers how
they’re responding
to the demand
HCM magazine
What needs to happen to integrate physical activity with
healthcare? Leaders in the sector share their thoughts
HCM magazine
Consumers’ growing love of strength training is to be welcomed, as this long-neglected modality has a renaissance, however, it’s vital we continue to make the case for cardio
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Brighton, East Sussex, United Kingdom
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