Vivafit seals Indonesian master franchise agreement

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Vivafit seals Indonesian master franchise agreement

POSTED 06 May 2014 . BY Jak Phillips

The company is said to be planning a large expansion of the Vivafit network across Indonesia

Vivafit, the franchisor of women-only express gyms, has signed a master franchise agreement for Indonesia.

Franchisee CNI is a manufacturer and distributor of nutritional supplements, food, cosmetics, cooking utensils and cleaning products, and also operates in India, the Philippines, China, Hong Kong, Singapore, Brunei and Taiwan.

The company is said to be planning a large expansion of the Vivafit network across Indonesia, with the stated intention of opening hundreds of clubs.

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NEWS

Vivafit seals Indonesian master franchise agreement

POSTED 06 May 2014 . BY Jak Phillips

The company is said to be planning a large expansion of the Vivafit network across Indonesia

MORE NEWS

Barry’s considers next move, as investors circle

Barry’s – known for its HIIT workouts combining treadmills and weights – is thought to be looking at strategic options, including taking on a new backer.

Providence Equity Partners takes control of VivaGym and its Fitness Hut brand

US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from Bridges Fund Management, which will exit as a shareholder. Financial terms have not been disclosed.

Bannatyne has bounced back from the pandemic

The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover and profits restored to pre-2020 levels in 2023, according to its year-end results.

Basic-Fit hints Spanish Holmes Place clubs might be sold

There is speculation that Basic Fit will sell the five Spanish Holmes Place clubs it has just acquired from RSG Group in a 47-club deal.

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