David Lloyd: Padel and pickleball help chain make first profit in over a decade Business The rising popularity of padel and pickleball has helped health club chain David Lloyd make a profit for the first time since being acquired by private equity giant TDR Capital. The Hertfordshire-headquartered chain has reported a pre-tax profit of £32.2m for 2024, new accounts filed with Companies House have revealed. The results come after the [...]
Asda owner TDR Capital weighing up David Lloyd sale Business TDR Capital, the private equity giant behind the likes of Asda, is considering selling gym chain David Lloyd to itself. The firm has hired Jefferies to explore its options which could include transferring its stake from one of its funds to another while securing new investors. According to the FT, which first reported the story, [...]
Wattbike: Brand used by Manchester United and British Army expects ‘further losses’ as sales plummet RETAIL Static bike brand Wattbike said it anticipates making "further losses" as a slump in turnover resulted in a "disappointing" year for the company.
Pure Gym, Gym Group, Nuffield: Who owns Britain’s biggest gym chains? June 24, 2024 Following a forced shutdown during the pandemic, Brits have been heading back to the gym in droves helping many of the countries biggest chain to achieve bumper results over the past couple of years.
David Lloyd’s quest to ‘premiumise’ clubs gets members back on the treadmill June 19, 2024 Fitness chain David Lloyd Clubs has seen its members return to its gyms in droves after it decked them out with luxury spas, outdoor dining areas and "premium" co-working spaces.