The Virginia Supreme Court ruled in favor of a YMCA and against a for-profit club organization in Charlottesville, VA, that had attempted to thwart the building of a local YMCA in a city park....More
Another longtime Gold’s Gym franchisee has left the brand. Bill Lia, who had operated four Gold’s Gyms in the Albany, NY, area for 21 years, has converted the four clubs to Vent Fitness, which rolled out its new brand Jan. 1....More
Mergers and acquisitions are not confined to the United States alone as Canadian fitness chain GoodLife Fitness Clubs announced today it has acquired seven Gold’s Gyms....More
Flip through the pages of the 2012 calendar, and on any given day, it appeared that some big announcement was made about an acquisition or merger in the fitness industry. That, perhaps, was the biggest trend of the year....More
Gold’s Gym International, Irving, TX, and The Rush Fitness Complex, Knoxville, TN, announced a hiring and promotions to their respective executive teams today....More
The Virginia Supreme Court has delayed until January its ruling in the case of a proposed YMCA that has been challenged by for-profit club operators....More
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
More than 700 Gold’s Gym owners, master franchisees, corporate executives, managers, staff and vendors gathered last month at the Gold’s annual international convention....More
Although revenue grew by a greater percentage for more companies and several major acquisitions occurred
in 2011, the order of the top club companies remained the same....More