The Gym Group loses a fifth of its members as it prepares to reopen July 10, 2020 The Gym Group lost one in five of its members since lockdown started, it said today, as it gets ready to reopen most of its gyms on 25 July. The hit to its numbers came despite the group freezing all membership payments during lockdown. It has around 692,000 remaining customers. The low-cost gym firm said [...]
PureGym: “If we build it, they will come” says gym chain riding out cost hikes August 24, 2023 Value fitness club PureGym appears to have muscled its way through the start of the cost of living crisis with revenues spiking almost a fifth. During the quarter it steamed ahead with its expansion plans to open one new site per week, amounting to 20 new sites in the UK. The business, which offers competitive [...]
Castore: Andy Murray-backed sportswear brand makes first acquisition since near £1bn valuation May 7, 2024 Castore, the sportswear brand backed by the likes of Andy Murray and the billionaire co-owners of Asda, has made its first acquisition since it was valued at almost £1bn.
The Gym Group puts expansion on hold due to coronavirus March 19, 2020 The Gym Group has paused its rapid expansion plans in order to retain cash as users and new members drop off amid the coronavirus crisis. The budget gym chain said this morning that daily usage has started to decrease over the past two weeks, new joiner members are lower than expected and cancellation numbers are [...]
Coronavirus: The Gym Group and Hollywood Bowl latest to tap investors for cash April 17, 2020 UK businesses are racing to raise equity and shore up their finances during the coronavirus crisis, with The Gym Group and Hollywood Bowl among the latest firms to tap investors for cash. According to research by Peel Hunt, there have been 32 equity raises of at least £5m in the UK since the middle of [...]
Raising the bar: Growing demand for the luxury gym experience January 10, 2024 Premium fitness and wellbeing hub Third Space is going from strength to strength, as the desire for a luxury gym experience is on the rise.
David Lloyd’s quest to ‘premiumise’ clubs gets members back on the treadmill June 19, 2024 Fitness chain David Lloyd Clubs has seen its members return to its gyms in droves after it decked them out with luxury spas, outdoor dining areas and "premium" co-working spaces.
The Gym Group grows revenue after adding new sites and members January 17, 2020 Budget gym operator The Gym Group saw revenue jump last year after adding 70,000 new members. Total revenue in the year ended 31 December grew 23.6 per cent to £153.1m, up from £123.9m the previous year, as the gym chain opened new venues and persuaded new members to sign up. Total year-end membership numbers were [...]
FTSE 100 close: China reopening boosts Antofagasta and London miners January 9, 2023 London’s FTSE 100 has today extended its robust start to the new year, fuelled by mining giants clinching gains on investors betting commodity prices are on the rise as China dismantles pretty much all of its Covid-19 restrictions. The capital’s premier index jumped 0.33 per cent to close at 7,724.93 points on the opening day [...]
Sports data company 4GLOBAL looks to score a £4m AIM IPO in London November 22, 2021 The UK-based 4GLOBAL, which focuses on the promotion and measurement of physical activity in large sporting events, said it expected to be admitted for trading in early December 2021 after a placing of up to £4m.