Gymshark: Record sales as brand continues global expansion April 29, 2025 Gymshark, the activewear brand co-founded by self-made billionaire Ben Francis, has seen its revenue pass £600m for the first time. The Solihull-headquartered business has posted sales of £607.3m for the year to 31 July, 2024, new accounts filed with Companies House have revealed. The latest total comes after Gymshark reported a revenue of £556.2m in [...]
Puregym bulks up in US market as membership soars April 29, 2025 UK-based gym operator Puregym is set to expand into the US after a bumper 2024. The firm increased revenue by 10 per cent to £605m as membership soared. The British gym franchise ended 2024 with 2.25m customers, adding 400k in the last year – a jump of 21 per cent. The group’s total gyms rose [...]
Duncan Bannatyne: Former Dragons’ Den star’s empire toasts record sales April 11, 2025 The health club and hotels empire run by former Dragons’ Den star Duncan Bannatyne has posted record sales as its profits surged in 2024, it has been revealed. The Bannatyne Group has reported a revenue of £149.6m for its latest financial year, up from the previous record of £138.9m which it achieved in 2023. The Darlington-headquartered group’s [...]
Asda owner TDR Capital weighing up David Lloyd sale March 14, 2025 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, [...]
Arnold Schwarzenegger-inspired Ultimate Performance receives boost January 6, 2025 Ultimate Performance, the gym and personal training chain inspired by Arnold Schwarzenegger, received a £1m boost ahead of selling a stake to a private equity firm. The Manchester-headquartered upmarket health and fitness group has reported a pre-tax profit of £1.7m for the year to 31 March, 2024, according to newly-filed accounts with Companies House. The new [...]
Virgin Active continues to make huge loss despite revenue passing £500m October 28, 2024 Virgin Active continued to make a huge pre-tax loss during its latest financial year despite its revenue passing £500m, it has been revealed. The London-headquartered chain has posted a pre-tax loss of £146.7m for 2023, after also reporting a loss of £147.3m in 2022. The last time the group made a pre-tax profit was the [...]
The Climbing Hangar gets £20m investment for global expansion October 15, 2024 UK bouldering gym operator The Climbing Hangar has received more than £20m from investment group Verlinvest to expand overseas. The Climbing Hangar, which currently operates nine sites in the UK, started life in a Liverpool warehouse in 2011 and now offers food, drink and retail outlets alongside sport and social events. CEO of The Climbing [...]