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400,000+ READERS leisure opportunities 25 JUNE – 8 JULY 2013 ISSUE 609 Daily news & jobs: Battle of budget chains heats up

Low cost fitness chain The Gym Group has secured £50m of venture capital to expand its club portfolio – less than a month aſter rival Pure Gym announced it too would be spending £50m on new sites. Te Gym Group now has

the backing of two private equity investors – Bridges Ventures and Phoenix Equity Partners. While it is the first time Phoenix has invested in the company, Bridges Ventures has supported the chain since its inception in 2007. It is the latest sign that competition between the UK’s low-cost gym operators is heating up. Just weeks ago, in May, Pure Gym

Te hotel looks to preserve historical aspects

Ian Schrager to open Edition hotel in London

The latest Edition hotel is set to open in London, under the management of renowned hotelier Ian Schrager. Te London Edition, conceived in part-

Te Gym Group announced plans to open 20 to 30 new clubs each year

next 12 months, including 15 in London alone. Te Gym Group operates 36 sites with plans

announced it would spend £50m on new sites following its takeover by US private equity firm CCMP Capital Advisors. Pure Gym currently has 45 locations in the UK and has plans to add 40 new sites over the

‘Story-telling’ platform Gymtopia launches

Te altruistic capacity of the fitness industry is being harnessed to help the wider community with the launch of Gymtopia. Te digital story-tell- ing platform is designed to capture the social impact of projects powered by gyms and gym-goers world-wide. Gymtopia encourages health clubs

to collaborate with their members in fundraising, collecting food, donating shoes and clothing, and many other projects that create a positive social impact. It is the brainchild of health club industry consultant, Ray Algar. Details:



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to open 20 to 30 new gyms each year. John Treharne, CEO of Te Gym Group, said: “Tis combination will allow us to fully capitalise on the opportunities in the rapidly growing low- cost gym sector.” Details:

Fitness sector worth £3.92bn

Te market value of the UK’s fitness sector has been estimated at £3.92bn – an increase of 1.5 per cent from the year before. According to the 2013 State of the Fitness

Industry Report from Te Leisure Database Company (TLDC), the industry has expe- rienced improved growth in the last twelve months with increases of two per cent in the number of fitness facilities and a 4.5 per cent rise in the number of members. Te sector is expanding despite the eco-

nomic slowdown. Since 2009, the fitness industry has grown its market value by four per cent, the member base by 8.3 per cent and the number of fitness facilities by 3.9 per cent.

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nership with Marriott International, looks to preserve the historical aspects of the for- mer Berners Hotel – a Georgian building made up of five town houses. Te hotel’s ethos is to combine the historical aspects with modern touches and the 173-room hotel features a dance club, two bars, a 24-hour fitness facility and a fully restored atrium. Details:

Te sector is expanding despite the economic slowdown David Minton, director of TLDC, said:

“Despite another year of economic slow- down the fitness industry is continuing to stand strong with both private and public fit- ness sectors.” Details:

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