High Value Low Price Gyms (HVLP)
Crunch Franchisee Fitness Ventures LLC Acquired in Expansion Play
Meaningful Partners, an investment firm focused on middle-market and growth consumer companies, has acquired Fitness Ventures LLC.
Basic-Fit Grows Revenue, Tops 4 Million Members as European Gyms Flourish
Basic-Fit reported a 17% increase in revenue to €585 million ($633 million) and membership growth of 13% to 4.1 million in H1 2024.
Private Equity Shows Continued Record Interest in Health & Wellness
Despite a slowdown in deal activity post pandemic, private equity investors remain bullish on the fast-growing health and wellness sector.
Planet Fitness Opens First Gym in Spain, More Planned
Gym giant Planet Fitness has broken ground in Spain, opening its first club in Sabadell as part of its strategic growth plan in Europe.
Gym Visits Up in Q2 as EoS, Crunch Lead the Way
Gym visits in the U.S. remained elevated year-over-year in Q2, with low-price brands EoS Fitness and Crunch Fitness leading the way.
Planet Fitness Price Hike Likely To Benefit Gym Industry, Analysts Say
Planet Fitness raised its base membership fee for the first time in 26 years, a move that could set a new pricing floor for the gym industry.
Crunch Fitness Adds Pickleball Workout Class Amid Surging Demand
A high-intensity, eight-week ‘Pickleballers’ class is being offered at six Crunch gyms this summer in NY, NJ and LA
Price Is the Leading Cause of Gym Membership Cancellations, Survey Finds
In a poll conducted by YouGov, cost was the most common reason people gave for canceling their gym membership.
EoS Fitness Seeking $100M To Fund Growth, Per Report
EOS Fitnes plans to open over 250 gyms by 2030. It's reportedly eyeing at least $100 million in private funding to support that goal.
Vasa Fitness Builds Out Exec Team, Eyes More Expansion
Vasa Fitness, an HVLP gym chain, is bringing on senior leaders including a former Planet Fitness exec as it looks to continue growing.
