Already popular in Europe, McFit will follow the Gold's Gym model to grow beyond its company-owned clubs in Germany, Australia and Italy.
McFit, a popular European gym chain, has embarked on a “modernization offensive," with changes reflecting the latest in-person fitness trends.
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.
The Germany-based Sport Alliance has been in expansion mode since receiving a $100 million growth investment from PSG Equity late last year.
The death of Rainer Schaller has not yet been confirmed by the RSG Group, which includes Gold’s Gym and McFit.
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