Garmin predicts further sales boost as wearable fitness tech surges Retail Wearable technology giant Garmin has predicted its European sales will surge by 14 per cent in 2024 thanks in part to new products being launched. The Southampton-headquartered division made the forecast in newly-filed accounts with Companies House which revealed an increase in both its turnover and pre-tax profit during 2023. The results show that Garmin [...]
Gymshark names bodybuilder Chris Bumstead as new shareholder Retail Fitness apparel brand Gymshark has named bodybuilder Chris Bumstead as a new shareholder. The Solihull-headquartered business has not revealed the percentage stake Bumstead now holds. Gymshark was founded by Ben Francis and Lewis Morgan in 2012. In 2020, it was valued at more than £1bn when US private equity firm General Atlantic acquired a 21 [...]
Puregym: UK surge helps half-year sales reach milestone Business A surge in its UK performance helped Puregym post sales of £300m for the first half of its financial year. The Leeds-headquartered company achieved a 10 per cent increase in its total revenue for the six months to 30 June, 2024, according to newly-released figures. Puregym’s UK revenue rose by 15 per cent to £205m [...]
Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Total Fitness is turning its back on the South after recovering from the brink of collapse August 10, 2024 Gym chain Total Fitness is already a well-established name in the North of England with 15 “superclubs” peppered across the region. But despite her ambitious goal of quadrupling the Cheshire-based company’s portfolio in the next five years, CEO Sophie Lawler has zero interest in expanding into the South. It’s a bold move as, according to [...]
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.
Protein Works: Sales and profit spike at challenger brand May 24, 2024 The company behind challenger brand Protein Works saw its sales and profits jump during its latest financial year.
Applied Nutrition flexes muscles with plans for £500m float May 20, 2024 Performance supplement manufacturer Applied Nutrition has stepped up its plans for a half-a-billion pound float on the London Stock Exchange by meeting over 25 City fund managers in recent weeks.
Puregym targets up to 70 new sites this year after revenue boost April 23, 2024 PureGym has said it plans to keep expanding with new gyms, targeting between 60-70 new gyms this year across its markets.