Fitness First

The Fitness First Ltd. With more than 1.4 million members and over 500 clubs one of the world 's largest operators of gyms. The company was founded in 1992 in Bournemouth, operates in Europe, Asia and Australia, and changed its name in Germany by the end of 2008 under the name Fitness Company in Belgium under the name "Passage". Since 2012 Fitness First is owned by the private equity firm Oaktree. Fitness First is, up to a club in the United Arab Emirates, also owner and operator of clubs.

Company History

The first gym under the name Mike Balfour Fitness First opened in the South West of England in 1993. According to the expansion in the UK market and the IPO on the London Stock Exchange in 1998 you entered the German market. 2000 followed the entry into Australia and Asia. Opened in 2001 to clubs in France, Holland and Italy. 2003 bought by private equity firm Cinven Fitness First for € 600 million and took the company private. 2005 sold this Fitness First at BC Partners for the sum of € 1.2 billion. Opened in 2006, it franchised clubs in the Middle East, sold in 2010 and 2011, however, the activities in the Benelux, France, Italy and Spain to Health City to consolidate their own debts. 2012 we completed 1/3 of his time 140 gyms in the UK market because of continuing losses. 2012 end of the financial investor Oaktree Capital Management was now the owner of Fitness First as part of a debt-for -equity swaps.

Germany

The Fitness First Germany GmbH, headquartered in Frankfurt am Main and the Fitness First Berlin GmbH, based in Berlin in Germany operate over 80 clubs more categories ( lifestyle, Platinum and Black Label ). Overall, the companies have 270,000 members in Germany. All studios are equipped with a wellness area with saunas, steam baths, solariums and relaxation areas. In addition to cardio and weight machines, free weights, stretching and personal training areas Fitness First offers in Germany per club and per week up to 40 group fitness classes for its members as well as free DVD rental as a standard service for all clubs. More than 4500 employees, including over 500 certified trainers, Fitness First one in Germany.

After proper notification by Fitness First in July 2011, 18 branches were closed on 31 August 2011. Approx. 150 employees will be laid off or displaced socially acceptable, as 170 temporary workers.

Countries

List of countries where Fitness First club operates:

  • Australia
  • Belgium
  • China
  • Germany
  • France
  • Great Britain
  • Hong Kong
  • India
  • Indonesia
  • Italy
  • Jordan
  • Malaysia
  • Netherlands
  • Philippines
  • Singapore
  • Spain
  • Thailand
  • Turkey
  • United Arab Emirates
Types of business entity Limited
336010
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