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NEWS
RSG Group considering the sale of its Spanish gym portfolio
POSTED 07 Mar 2023 . BY Frances Marcellin
RSG Group Spain operates the McFit brand, as well as Holmes Place and Sergio Ramos by John Reed Credit: McFit
RSG Group is considering the sales of its Spanish gym portfolio
This comprises more than 40 McFit gyms, five Holmes Place clubs and the first Sergio Ramos by John Reed, which opened in January 2022, before the death of founder, Rainer Schaller in October 2022
RSG Group acquired Holmes Place Spain in July 2022
According to Spanish newspaper Cinco Días, BNP Paribas is leading the sales process
RSG Group is considering the sale of its Spanish clubs, which include more than 40 McFit gyms, five Holmes Place sites and a Sergio Ramos by John Reed fitness club in Madrid.

According to Cinco Días, a Spanish business and finance newspaper, BNP Paribas has been asked to explore the options for a sale, although the matter is thought to be in the very early stages, with no certainty that RSG will proceed.

Following the launch of Sergio Ramos by John Reed in January 2022, RSG Group acquired the five Holmes Place clubs in July that year.

This chain comprises Holmes Place Palacio de Hielo, Holmes Place Montecarmelo, Holmes Place La Moraleja, Holmes Place Balmes and Holmes Place Urquinaona.

The company was focused on building up its Spanish network when former CEO and owner Rainer Schaller died in a plane crash, as confirmed in November 2022.

In December 2022, Hagen Wingertszahn and Dr Jobst Müller-Trimbusch took co-CEO leadership roles with a joint vision focused around strengthened profitability.

“Our goal as the new management is to find the right balance between preserving the roots and further developing the company,” said Wingertszahn, at the time.

“We see it as our greatest task to continue to make RSG Group sustainable, future-proof and centered 360 degrees around the customer. In addition to our core business in Europe, our focus remains on significantly strengthening our presence in the US.”

RSG Group currently operates 21 brands, including Gold’s Gym, McFit, John Reed and Heimat. It was founded in 1997 by the late Rainer Schaller and supports a membership base of over 6m customers across 48 countries.

With a number of operators looking to expand their global footprint, the sale of any parts of the RSG estate would attract significant interest at the right price.

Look out for HCM's interview with Hagen Wingertszahn and Dr Jobst Müller-Trimbusch in issue 3 2023. Sign up for your own free digital copy at www.HCMmag.com/signup or a print subscription at www.HCMmag.com/subscribe.
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Jobs    News   Products   Magazine
NEWS
RSG Group considering the sale of its Spanish gym portfolio
POSTED 07 Mar 2023 . BY Frances Marcellin
RSG Group Spain operates the McFit brand, as well as Holmes Place and Sergio Ramos by John Reed Credit: McFit
RSG Group is considering the sales of its Spanish gym portfolio
This comprises more than 40 McFit gyms, five Holmes Place clubs and the first Sergio Ramos by John Reed, which opened in January 2022, before the death of founder, Rainer Schaller in October 2022
RSG Group acquired Holmes Place Spain in July 2022
According to Spanish newspaper Cinco Días, BNP Paribas is leading the sales process
RSG Group is considering the sale of its Spanish clubs, which include more than 40 McFit gyms, five Holmes Place sites and a Sergio Ramos by John Reed fitness club in Madrid.

According to Cinco Días, a Spanish business and finance newspaper, BNP Paribas has been asked to explore the options for a sale, although the matter is thought to be in the very early stages, with no certainty that RSG will proceed.

Following the launch of Sergio Ramos by John Reed in January 2022, RSG Group acquired the five Holmes Place clubs in July that year.

This chain comprises Holmes Place Palacio de Hielo, Holmes Place Montecarmelo, Holmes Place La Moraleja, Holmes Place Balmes and Holmes Place Urquinaona.

The company was focused on building up its Spanish network when former CEO and owner Rainer Schaller died in a plane crash, as confirmed in November 2022.

In December 2022, Hagen Wingertszahn and Dr Jobst Müller-Trimbusch took co-CEO leadership roles with a joint vision focused around strengthened profitability.

“Our goal as the new management is to find the right balance between preserving the roots and further developing the company,” said Wingertszahn, at the time.

“We see it as our greatest task to continue to make RSG Group sustainable, future-proof and centered 360 degrees around the customer. In addition to our core business in Europe, our focus remains on significantly strengthening our presence in the US.”

RSG Group currently operates 21 brands, including Gold’s Gym, McFit, John Reed and Heimat. It was founded in 1997 by the late Rainer Schaller and supports a membership base of over 6m customers across 48 countries.

With a number of operators looking to expand their global footprint, the sale of any parts of the RSG estate would attract significant interest at the right price.

Look out for HCM's interview with Hagen Wingertszahn and Dr Jobst Müller-Trimbusch in issue 3 2023. Sign up for your own free digital copy at www.HCMmag.com/signup or a print subscription at www.HCMmag.com/subscribe.
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Women’s health specialist, The Well HQ, has secured 'sweat equity' backing from Priya Oberoi, founder of venture capitalists, Goddess Gaia Ventures, who will take on a senior advisory role with the business.
Peloton buys time for a turnaround with US$1 billion loan
Peloton has secured a critical US$1bn five-year loan to shore up its finances.
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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©Cybertrek 2024

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