David Lloyd could be put up for sale as owners eye £2bn price tag For Sale? TDR Capital is reportedly mulling a sale of its health and fitness business David Lloyd Leisure. The private equity firm is understood to have drafted in Morgan Stanley to advise on potential suitors for the business, Sky News reported. A sale will only be considered by if it draws a “sufficiently attractive valuation” for TDR, [...]
YO! food chain to partner with WH Smith as high streets reopen YO! Food chain to partner with WH Smith as high streets reopen Asian food chain YO! is set to trial a partnership with WH Smith this month, bringing to-go food to stores as high streets begin to reopen today. The move signals the food group’s expansion into on-the-go food and away from sit-in dining, as it also has similar partnerships with Sainsbury’s, Co-op, Tesco’s and David Lloyd Leisure [...]
PureGym CEO: We should be allowed to reopen ahead of high street shops PureGym CEO: We should be allowed to reopen ahead of high street shops PureGym CEO: We should be allowed to reopen ahead of high street shops
City Moves: Who is switching jobs in the Square Mile this week? March 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we have seen a flurry of new hires across the capital. From a Ritz chairman joining an intelligence firm, to a former Knight Frank executive taking on a leading residential role [...]
London gym chain Frame talks fitness, health, wellbeing, and babies April 29, 2019 Fitness is big business. There are over 7,000 gyms in the UK, and the market is worth almost £5bn, with around one in seven people paying gym membership fees. The sector has swelled thanks to the health and wellbeing trend which has grown in importance over the last decade, but also because of the huge [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
Virgin Active offloads 16 fitness clubs to David Lloyd Leisure February 7, 2017 Virgin Active, the eponymous gym chain, has offloaded 16 of its clubs in the UK to David Lloyd Leisure for an undisclosed sum. The fitness firm will continue to operate 45 clubs in the UK, 33 of which are in London. Last year, Virgin Active sold a further 35 UK gyms to Nuffield Health, a [...]
Thomas Cook share price crashes as lenders demand extra £200m to seal rescue deal September 20, 2019 Thomas Cook’s share price plunged more than 15 per cent in early morning trading after it confirmed lenders are demanding an extra £200m as part of efforts to rescue the world’s oldest holiday company. The embattled travel operator said today that investors want £200m to finalise a restructuring strategy, coming on top of a further [...]
Awards 2023 January 4, 2023 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Costa spin-off could lead to £3bn Whitbread windfall – and cost just £20m April 15, 2018 Whitbread shareholders could snaffle a £3bn windfall if the firm spends just £20m spinning off Costa Coffee – a move one the world’s most famous activist hedge funds is clamouring for. Elliott Advisors has built up a £430m position in Whitbread over the last year. A stock market disclosure late on Friday revealed it is [...]