Gym Group posts blistering rise in profits as memberships surge August 29, 2019 Gym Group posted a huge rise in profitability today as it revealed earnings came close to doubling in the first half of 2019. Read more: Four years on: The fitness techniques that turned our Life & Style editor into a gym bro The figures Pre-tax profits soared 80.5 per cent to £5.6m in the six [...]
PureGym plots more UK expansion as pent-up demand pays off August 26, 2021 PureGym begins to reap the rewards of pent-up demand as all of its 506 gyms have once again opened their doors, pushing the group to expand. The gym operator recorded a revenue for June at 99 per cent of the levels seen in the June before the pandemic, in the quarter ending 30 June 2021, [...]
Pure Gym shelves IPO for £300m KKR equity fundraising December 14, 2021 The UK’s largest gym chain Pure Gym today announced it has raked in £300m equity investment from private equity giant KKR, choosing to funnel fresh funds into its expansion plans before hitting public markets. KKR will become a significant minority investor in Pure Gym following the fundraising, alongside the company’s management and its existing majority [...]
PureGym mulling IPO as gym usage rebounds July 14, 2021 PureGym is considering reviving its plans for an initial public offering, as gyms across the UK rebound. In an update to bondholders earlier today, seen by City A.M., the no-frills gym chain said it was comparing its options for raising equity including, potentially, in the public markets. It is understood that the fitness chain is still [...]
Revenue rockets 27 per cent at The Gym Group July 12, 2019 The Gym Group has posted a 27 per cent leap in revenue to £74m for the first six months of 2019. Read more: The Gym Group gets in shape with revenue and profit boost The contract-free low-cost gym operator also grew membership numbers by 10.6 per cent to 796,000 up to 30 June. Eight new [...]
Puregym targets up to 70 new sites this year after revenue boost April 23, 2024 PureGym has said it plans to keep expanding with new gyms, targeting between 60-70 new gyms this year across its markets.
Fighting fit: Puregym to open 10 new sites next week April 8, 2021 Puregym will open 10 new branches when lockdown restrictions are eased on Monday. The budget gym operator said the new venues – which were long-term lease commitments made before the pandemic – reflected its commitment to UK expansion. It said there is “strong and growing demand” for people to maintain and improve their health and [...]
Wellness Wonders: Meet the co-founder of The Fitness Group May 5, 2024 Steven Dick, the co-founder of The Fitness Group, one of the UK's leading providers of personal trainer courses, is on a mission to bring affordable and accessible learning to budding PTs.
Rich list: Richard Branson and Rishi Sunak see fortunes shrink – but who are the wealthiest Brits now? May 19, 2023 The billionaire Hinduja family have topped the Sunday Times Rich List for the second year in a row as their fortune jumped by more than £6 billion. Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, were named as Britain’s richest just days after Mr Hinduja’s brother Sri died. For the [...]
Naked Wines boss ‘excited about the future’ as the company goes ‘back to basics’ August 30, 2024 Over the last year, Naked Wines has undergone a painful restructuring process, with measures to reduce costs, stock, and advertising spending in what it called a “pivot to profit.” In December 2023, the company warned that it might not be able to pay its debts if it didn’t manage to make a turnaround work. Now, [...]