Exercise Professionals - TRT Holdings puts brakes on Gold's Gym sale...
27 May 2019 Exercise professionals: News, jobs and training
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

25 Feb 2019

TRT Holdings puts brakes on Gold's Gym sale
BY Tom Walker

TRT Holdings put Gold's Gym on sale in 2018

TRT Holdings put Gold's Gym on sale in 2018

TRT Holdings, the majority shareholder of Gold's Gym, has cancelled its plans to offload the gym chain.

The US-based private holding company, which also owns Omni Hotels & Resorts, announced in July 2018 that it would explore a sale of the company in order to "focus on its core businesses".

It has now, however, decided to retain its ownership and reinvest in the iconic brand.

"As we worked through the exploratory process of selling the brand, we continued to see growth opportunities for Gold's Gym in a number of areas within the fitness industry," said TRT Holdings president Blake Rowling.

"After carefully considering our options, we felt that we would be leaving too much value on the table by selling the company today."

As part of the move, TRT has brought back former chief information officer Adam Zeitsiff, who has been named president and CEO of Gold's Gym, effective immediately. He will replace former chief Brandon Bean, how has now left the company.

Zeitsiff held the position of chief information officer for Gold's Gym from 2016 to 2018 and spearheaded digital innovations, such as the development and launch of Gold's AMPTM, one of the first digital personal training apps produced by a brick-and-mortar gym company.

He will be tasked with focusing on "industry-leading digital innovation, franchising and growth".

"I am passionate about our iconic brand and about leading this team of talented, committed and caring people," Zeitsiff said.

"We have a strong vision for the future of this company and will be laser-focused on partnering with our global franchise community to continue to grow the brand and expand our worldwide prominence in the fitness industry."



Connect with
Exercise Professionals
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Sweat! goes bust – Debenhams-linked budget fitness chain shuts its doors
Sweat! goes bust – Debenhams-linked budget fitness chain shuts its doors   24 May 2019

Female-friendly fitness operator Sweat! has closed its doors, just nine months after it revealed ambitious plans to roll out a network of in-store .... more>>
Life Time to launch residential wellness communities in three US cities in 2020
Life Time to launch residential wellness communities in three US cities in 2020   24 May 2019

Health and racquets club operator Life Time is entering the healthy living market with the launch of Life Time Living – a premium, leased residential .... more>>
Tech billionaire Tim Draper joins newly launched Grit Bxng as investor
Tech billionaire Tim Draper joins newly launched Grit Bxng as investor   23 May 2019

American venture capitalist and tech billionaire Tim Draper has joined the team of investors behind newly launched luxury group fitness boxing chain .... more>>
Balance training trend gathers pace
Balance training trend gathers pace   22 May 2019

Balance training is increasing in popularity among fitness operators and users. The emergence of balance training as a growing trend was identified .... more>>
Peloton to enter German fitness market
Peloton to enter German fitness market   22 May 2019

Indoor cycling giant Peloton has announced plans to enter the thriving German fitness market. The company, which has more than 1 million people .... more>>
BXR founder, Olia Sardarova, plans expansion with backing of boxing legend Anthony Joshua
BXR founder, Olia Sardarova, plans expansion with backing of boxing legend Anthony Joshua   21 May 2019

High-end boxing gym brand BXR is looking to roll out an expansion of its Sweat by BXR group exercise concept in the UK, with founder Olia .... more>>
Company profile


TVS Group

The company was established in 2009 as a specialist supplier of noise and vibration solutions.

View full profile>>

Catalogue gallery


Featured Supplier

PowerWave and DFC: a paradigm of progressive growth

PowerWave and DFC: a paradigm of progressive growth

Revolutionary cross trainer manufacturer and franchise, PowerWave, is experiencing the dizzying heights of success, having launched its new online platform, XPS Virtual Coach, five weeks ago. More>>




in this issue

• Leeds: first to lower childhood obesity
• PayAsUGym rebrands as Hussle
• Construction set to begin on Scottish tapestry attraction



Latest jobs

Jobs Search



Personal Trainer - Self Employed
Salary: Fantastic Benefits
Location: Greater Manchester, England
Company: The Gym Group
Personal Trainer - Self Employed
Salary: Fantastic Benefits
Location: London, England
Company: The Gym Group
Personal Trainer - Self Employed
Salary: Fantastic Benefits
Location: Berkshire, England
Company: The Gym Group
Personal Trainer / Fitness Trainer
Salary: Fantastic Benefits
Location: Berkshire, England
Company: The Gym Group
Diary dates
Powered by leisurediary.com




28-31 May 2019

Wellness Tourism Association - Meeting of Members

Canyon Ranch, Tucson, United States


30 May 2019

Rimini Wellness B2B Congress

Rimini Expo Centre, Rimini, Italy



Health Club Management magazine 2019 issue 5
Health Club Management
2019 issue 5

View issue contents
View on turning pages
Download PDF
  Interview: Jon Canarick
Private equity firm North Castle Partners has made possible the Barry’s Bootcamp expansion and Curves’ success in Asia. We talk to the firm’s fitness lead, Jon Canarick More>>
  Events calendar:
We round up the most exciting upcoming industry events from across the globe, including EuropeActive B2B Congress & Personal Trainer Day and FIBO China More>>


Health Club Management magazine 2019 issue 4

Health Club Management
2019 issue 4

View issue contents
View turning pages
Download PDF
  Interview: Rainer Schaller
The founder of budget pioneer, McFit, tells Kate Cracknell why he’s launching a new brand for his diverse business More>>
  Analysis: Swotting up on fitness
Emma Barry gives her thought-provoking take on the industry’s current strengths, weaknesses, opportunities and threats More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd