With markets opening during the past year, private equity firms are becoming more interested in the fitness industry. Industry insiders say that the industry’s recession-resilient reputation, increased mergers and acquisitions in the industry, plus an impending capital gains tax deadline have led to more activity as 2012 heads down the home stretch....More
Gary Heavin, co-founder and CEO of Curves International, Waco, TX, informed franchisees that the company has completed an equity deal with North Castle Partners....More
Mike Raymond, who had been the president of Curves International, Waco, TX, since 2005, resigned in December. Raymond is now a senior advisor to the company and continues to serve on the Curves board of directors....More
Tornadoes in the Midwest and Southeast this past spring killed hundreds and ravaged thousands of homes and buildings. Some fitness clubs in communities hit hardest by the storms were not spared....More
Curves International came to terms with the New York Attorney General on an agreement to reimburse members of more than 60 Curves clubs that closed in that state....More