Last week saw a flurry of big news in our industry. We wondered what you thought about it. First, Planet Fitness, Dover, NH, is putting World Gym up for sale just two years after purchasing the company. At least two groups are very interested in purchasing the franchising company, but as of yet, no deal has been set. Are you a World Gym franchisee? We'd like to hear what you have to say about the possible sale. Comment on the blog to let us know. Or if you'd rather keep your comments private, e-mail Stuart directly at firstname.lastname@example.org.
The other big news last week was 24 Hour Fitness' lawsuit against Bally Total Fitness alleging that Bally illegally hired new CEO Michael Sheehan away from 24 Hour to gain access to trade secrets. Does 24 Hour have a leg to stand on? We'll keep on top of the story--as well as keep an eye on any additional departures of 24 Hour executives as the management at that company continues to shake out after Mark Mastrov's departure as chairman back in January. What do you think is happening at 24 Hour? Let us know by clicking on the comment button below.
Another big news item was the Gold's Gym convention in Las Vegas earlier this week. Some of the franchisees have expressed concern about several issues related to corporate. Stuart is working on a story about this for our August issue. So stay tuned for that! - Pamela