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NEWS
Gold's Gym reports 'strongest year of growth in company history'
POSTED 22 Jan 2020 . BY Tom Walker
The franchised fitness giant's growth during the year focused on emerging markets Credit: Gold's Gym
Gold's Gym completed 22 US franchise agreements and a total of 35 new openings worldwide during 2019 – the most in a single year in the company's history.

The franchised fitness giant's growth during the year focused on emerging markets, with nine new sites opening in Japan, eight in India, five in Saudi Arabia and four in Egypt.

It also secured new international master license agreements for Iraq (five clubs), Australia (30 clubs) and New Zealand (10 clubs).

On its domestic US market, its biggest new franchise deals were for North Carolina (eight clubs), Tennessee (five clubs) and Southern California (four clubs).

Also throughout 2019, the company worked to consolidate and optimise brand ownership through franchisee acquisition of company-owned clubs.

"This past year of success serves as proof that the Gold's Gym franchise opportunity is more attractive than ever as an investment in the fitness industry," said Gold's Gym president and CEO Adam Zeitsiff.

"Our continued franchise development achievements from 2019 have set the stage for what we anticipate will be another impressive year of growth on a global scale.

Craig Sherwood, Gold's Gym chief development officer, added: "As we head into 2020, I feel we are equipped with the perfect recipe for success: the right corporate leaders, the right franchisees and the right business model.

"With some major expansion opportunities already in the works, my team and I are proud to play a role in continuing to grow this brand 55 years beyond its inception."

Gold's Gym now has more than 700 locations serving 3 million people across six continents.
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  Gold's Gym appoints Craig Sherwood as chief development officer


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Jobs    News   Products   Magazine
NEWS
Gold's Gym reports 'strongest year of growth in company history'
POSTED 22 Jan 2020 . BY Tom Walker
The franchised fitness giant's growth during the year focused on emerging markets Credit: Gold's Gym
Gold's Gym completed 22 US franchise agreements and a total of 35 new openings worldwide during 2019 – the most in a single year in the company's history.

The franchised fitness giant's growth during the year focused on emerging markets, with nine new sites opening in Japan, eight in India, five in Saudi Arabia and four in Egypt.

It also secured new international master license agreements for Iraq (five clubs), Australia (30 clubs) and New Zealand (10 clubs).

On its domestic US market, its biggest new franchise deals were for North Carolina (eight clubs), Tennessee (five clubs) and Southern California (four clubs).

Also throughout 2019, the company worked to consolidate and optimise brand ownership through franchisee acquisition of company-owned clubs.

"This past year of success serves as proof that the Gold's Gym franchise opportunity is more attractive than ever as an investment in the fitness industry," said Gold's Gym president and CEO Adam Zeitsiff.

"Our continued franchise development achievements from 2019 have set the stage for what we anticipate will be another impressive year of growth on a global scale.

Craig Sherwood, Gold's Gym chief development officer, added: "As we head into 2020, I feel we are equipped with the perfect recipe for success: the right corporate leaders, the right franchisees and the right business model.

"With some major expansion opportunities already in the works, my team and I are proud to play a role in continuing to grow this brand 55 years beyond its inception."

Gold's Gym now has more than 700 locations serving 3 million people across six continents.
RELATED STORIES
Gold's Gym files for bankruptcy protection


Franchised fitness giant Gold's Gym has filed for Chapter 11 bankruptcy protection, as it struggles with the impact of coronavirus lockdowns.
Gold's Gym parts ways with master franchisee for UAE and Oman


Fitness operator Gold's Gym International has parted ways with master franchisee Al Ahli Holding Group, which oversaw the operations of 14 clubs in the United Arab Emirates and Oman.
Gold's Gym appoints Craig Sherwood as chief development officer


Fitness operator Gold's Gym has named Craig Sherwood as its chief development officer.
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Baz Moffat gets 'sweat equity' backing from Priya Oberoi to drive the growth of The Well HQ
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Peloton buys time for a turnaround with US$1 billion loan
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Dean Kowarski, global CEO of Virgin Active, will keynote at HCM Summit 2024
Leisure Media has added another heavyweight to its line-up of CEOs for its inaugural HCM Summit this October. Dean Kowarski will talk about the intersection of fitness and nutrition.
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In today's competitive fitness landscape, the key to success lies not only in providing exceptional facilities but also in cultivating meaningful interactions with members. [more...]

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Places Leisure is a leading leisure centre operator with a mission to create active places and healthy people for communities to thrive. [more...]
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30-30 May 2024

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ADVERTISE . CONTACT US

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Tel: +44 (0)1462 431385

©Cybertrek 2024

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