| News & Know How | On The Move
Acquisitions
TG Capital Invests in Lady of America
Consider it a “major milestone,” says Gerry Weber,
CEo of Lady of America (LoA) Franchise Corpora-
tion, referring to a recent investment deal with
TG Capital Corp., a Miami-based private equity
firm. LoA is the world’s largest chain of full-
service female fitness centers, with over 300
franchises in 45 states and nine countries. An
affiliate of TG Capital recently purchased 20 LoA
Fitness Clubs in Miami and Puerto Rico. While
no financial details were disclosed, both Weber
and Jonathan Robertson, managing director
for TG Capital Corp., expressed equal amounts
Gold’s Gym moves
into Philippines
of enthusiasm for the deal and for subsequent
plans to expand within both markets. “We’re
thrilled,” Robertson remarked. “Lady of America
business and returned to their roots as operators/franchisees. now the
and its senior management team have an
Galianis, who, according to Kirk, will “always have a strong passion for
outstanding reputation… and we look forward
Gold’s,” are moving forward with a newly created brand, onelife Fitness.
to supporting the company’s growth initiative.” —|
GGI, too, is moving onward; in late 2009, it signed a master franchise
agreement with Mark and Mylene Dayrit, current owners/managers of six
Philippine-based locations. The deal calls for the development of at least
26 new Gold’s Gyms in the Republic of the Philippines. —|
Charitable Initiatives
A Doggone Success at briarcliff Club Fit
In December, the Briarcliff Manor branch of Club Fit, which operates two
new york-area fitness facilities, played host to more than 175 canines, all
eager to pose with the big man himself, Santa. owners, with leashes in hand,
lined up to have photos snapped as part of the club’s SPCA Holiday open
House, to benefit the local chapter of the organization whose mission is to
advance the care and safety of animals. The well-attended event helped to
fulfill the SPCA’S “Wish List.” Among the items donated during the festivities
were dog food, cat litter, dog/cat brushes and combs, dog shampoo, leashes,
and collars. —|
landmark investment
Picture perfect
for Santa
28
Club Business International | FEBRuARy 2010 |
www.ihrsa.org
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