International news
Latin American growth for Madonna’s chain
Madonna’s Hard Candy Fitness brand is reportedly eyeing up expansion throughout Latin America, amid media reports of new sites being lined up in Argentina, Peru, Colombia and Brazil. Reports suggest that the Argentinian site will open in Buenos Aires in early 2015. Hard Candy already operates gyms in Santiago (Chile), Rome (Italy), Berlin (Germany), Sydney (Australia), Toronto (Canada), Mexico City (Mexico), Moscow and St. Petersburg (Russia). Details:
http://lei.sr?a=A9k9z
Snap Fitness expands Australian footprint
Global 24/7 fitness franchise Snap Fitness has announced a raft of new sites for Australia. A total of 10 sites will open during August and September, spread across the country from Surfers Paradise to Midland to Adelaide. A further 29 sites have already been reserved and will open by the beginning of next year, from the northern beaches of Sydney to North Perth. Details:
http://lei.sr?a=n9q4c
Second 9.8 GRAVITY studio takes off in Madrid
Fitness Hut plans to open an average of one new club per month in Portugal during 2015
The second 9.8 GRAVITY Training Studio has opened in Madrid, Spain. Targeting men and women with medium to high purchasing power, the 160sq m site is equipped by Total Gym, whose GTS (GRAVITY Training System) lies at the heart of the functional circuit-based offering. Customers can choose from small group classes, semi-personal training, personal training, post-rehab or physio. The 9.8 GRAVITY concept is offered as a licensing package. The first 9.8 GRAVITY opened in La Coruña at the end of 2013. Details:
http://lei.sr?a=p2B6r
Gold’s Gym makes its second 2014 acquisition
Gold’s Gym in Dallas, US, has agreed to acquire all 23 clubs operated by The Rush Fitness Complex, Knoxville, US. The deal – Gold’s second acquisition of 2014 – was signed in July and was due to close last month. Details:
http://lei.sr?a=d2g2X
20 Iron Curtain to become cycle route
Once the defining symbol of Soviet might, the former Iron Curtain could soon become a hotspot for lycra tights if EU politicians get their way. Plans have been put forward to transform the historic dividing line between
east and west – which stretches more than 6,000 miles (9,656km) through 20 countries – into a cycle route. EU funding of €1.8m (US$2.4m, £1.4m)
Cycling the full Iron Curtain Trail will take about a month Read Health Club Management online at
healthclubmanagement.co.uk/digital
has already been set aside to bring the Iron Curtain Trail to fruition. The plans incorporate existing cycle paths, some of which require maintenance, with the route having been registered under the EU’s Eurovelo network – a continent-wide selection of high-quality biking routes – since 2012. It’s thought the new trail could become a cult challenge among cyclists, although they’ll need to save up their holiday time – cycling the entire route is expected to take a month. Details:
http://lei.sr?a=a8b8L
September 2014 © Cybertrek 2014 €12m funding for Fitness Hut
Portuguese low-cost operator Fitness Hut has announced it has completed a transaction with Oxy Capital, a Portuguese investment
fund, providing the chain with access to €12m of growth funding. The funding has been made available via mezzanine financing, meaning that Fitness Hut’s owners have avoided dilution. The chain currently has seven operational clubs and one in pre-sale that will open in the first half of September in the Lisbon Expo area. The new funding has allowed Fitness Hut
to already sign leases for a further four clubs, as these had already been negotiated on a
‘subject to financing’ basis. Fit-out works on these four sites will be commenced by the end of September, with a view to opening the new clubs during December 2014 and January 2015. All four of the new clubs are located in the Greater Lisbon area. Fitness Hut co-founder Nick Coutts says: “During 2015, we will be opening an average of one club per month, with a view to finishing 2015 with 20 open clubs in Portugal.” Fitness Hut was launched in 2011 by Coutts,
Andre Groen and JP Carvalho, with the first site opening in Lisbon in October of that year. Details:
http://lei.sr?a=S8w9P
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