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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Brunswick reveals plans to spin off its US$1bn Life Fitness business

US-based manufacturing conglomerate Brunswick has announced plans to spin off its fitness business, forming an independent, standalone, publicly traded company called FitnessCo.

The move will see Brunswick’s fitness brands – Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group and SCIFIT – being operated by the new company.

In a statement, Brunswick said the move would allow the new company to better focus on “driving product leadership, operational excellence and technology development to address evolving commercial fitness marketplace trends”.

FitnessCo will remain headquartered in Rosemont, Illinois and Jaime Irick, current president of the company's fitness division, will lead the business.

Brunswick’s fitness businesses achieved sales revenue of US$1.03bn (€840m, £749m) in 2017 – numbers which will make the future FitnessCo one of the largest fitness equipment providers in the world.

"Our board of directors and management regularly review our portfolio of businesses and brands, and after careful review, have determined that a spin-off of the fitness business is the best option to maximise the value of both businesses," said Brunswick chair and CEO Mark D. Schwabero.

"With this action, FitnessCo will be positioned to continue to grow, innovate and provide customers with high-quality solutions.”

The move comes after Brunswick added two major players to its Life Fitness-led fitness business in the past two years.

The company acquired Cybex in a deal worth, US$195m in January 2016 followed by the acquisition of Germany-based Indoor cycling Group (ICG) for an undisclosed sum later in the year.

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US-based manufacturing conglomerate Brunswick has announced plans to spin off its fitness business, forming a independent, standalone, publicly traded company called FitnessCo.
HAF,FIT,IND,PTS,PHR,SUP
THUMB16740_765514.jpg
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News

Brunswick reveals plans to spin off its US$1bn Life Fitness business

US-based manufacturing conglomerate Brunswick has announced plans to spin off its fitness business, forming an independent, standalone, publicly traded company called FitnessCo.

The move will see Brunswick’s fitness brands – Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group and SCIFIT – being operated by the new company.

In a statement, Brunswick said the move would allow the new company to better focus on “driving product leadership, operational excellence and technology development to address evolving commercial fitness marketplace trends”.

FitnessCo will remain headquartered in Rosemont, Illinois and Jaime Irick, current president of the company's fitness division, will lead the business.

Brunswick’s fitness businesses achieved sales revenue of US$1.03bn (€840m, £749m) in 2017 – numbers which will make the future FitnessCo one of the largest fitness equipment providers in the world.

"Our board of directors and management regularly review our portfolio of businesses and brands, and after careful review, have determined that a spin-off of the fitness business is the best option to maximise the value of both businesses," said Brunswick chair and CEO Mark D. Schwabero.

"With this action, FitnessCo will be positioned to continue to grow, innovate and provide customers with high-quality solutions.”

The move comes after Brunswick added two major players to its Life Fitness-led fitness business in the past two years.

The company acquired Cybex in a deal worth, US$195m in January 2016 followed by the acquisition of Germany-based Indoor cycling Group (ICG) for an undisclosed sum later in the year.

Sign up for FREE ezines & magazines
US-based manufacturing conglomerate Brunswick has announced plans to spin off its fitness business, forming a independent, standalone, publicly traded company called FitnessCo.
HAF,FIT,IND,PTS,PHR,SUP
THUMB16740_765514.jpg

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New York’s Blum Center for Health, a functional health facility, is offering a personalised, non-invasive,
US-based fitness franchise UFC Gym has opened its first European club. The 18,000sq ft (1,670sq
Public Health England (PHE) and the Centre for Ageing Better (CAB) have set out their
Physical activity bodies ukactive and EuropeActive have agreed to strengthen their partnership in the event
The first-ever FIBO Southeast Asia fitness event will be held in Singapore next year. Taking
Dyaco International
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Cancer survivors should undertake a minimum of 90 minutes of aerobic and resistance training each
Thrive Global, the wellness and behaviour change tech firm founded by Arianna Huffington, has acquired
Regular exercise is highly beneficial for all patients with cardiovascular disease regardless of age. A
LXA has inserted a 2,000sq ft (186sq m) indoor/outdoor boxing gym into a mixed-use building
The number of UK adults classed as physically active has increased by 1 million in
Australian health club operator Viva Leisure has acquired eight Healthworks Fitness Centres in the state
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Boutique fitness operator The Foundry, which offers free and subsidised classes for those on state
Focus Training
Focus Training
1 - 15 of 11,123
Features
Cycling
Why does indoor cycling attract so many loyal followers? Abi Harris ask industry innovators how much is down to the instructor and what part the kit has to play
Features
Research
New research from Colliers has highlighted the opportunity for real estate developments in the health and fitness industry, as Ross Kirton explains
Features
Flooring
Thanks to the rise in popularity of functional zones, there’s been an increased call for turf. We take a look at some of the turf products being installed
Features
Gen Z
Gen Z has come of age, and is engaging with fitness in new ways. We look at how health clubs can appeal to this young, tech-savvy and value-conscious age group
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Personal trainers play a key role in the gym environment, helping members to achieve their fitness goals. But are the current training models allowing them to do this in the best possible way? Or could they be doing more? We ask our panel of experts
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feature
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As Physical Company celebrates its 30th anniversary, we talk to managing director John Halls to find out how this leading supplier continues to improve with age
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Elodie Garamond

Le Tigre: founder
We now have eight sites and offer retreats, such as a retreat in a Moroccan palace and a French chateaux-based yin yoga and writing retreat
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Empowering our instructors is our next big task. This is an incredibly dedicated, loyal group of people and there’s a big opportunity to do something very special with them
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WE11 is a disruptive model and is going to cause mayhem in the industry: we’ve flipped the script and given the PTs a fair deal, instead of rinsing them
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Martin Seibold

CEO Life Fit Group
Gathering existing, strong brands under one roof to create the new Life Fit Group made perfect sense
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Rich Hutson

CEO of CHi Fitness and Co-founder of Fire Fitness
The business wasn’t getting the numbers needed, so I raised the prices by 25 per cent. It worked and we didn’t skip a beat
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The Life Fitness entrepreneur and ALS charity fundraiser is returning to the business that made his name
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Andrew Grill

Practical Futurist
Your marketing department will have to start writing ad copy for robots, not for humans. These digital agents will be gatekeepers, a bit like a PA. It’s already happening, so get ahead and start using it
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Featured supplier news
Featured supplier: 30 and thriving: Physical Company celebrates landmark anniversary
Physical Company, a specialist equipment supplier based in the UK, has celebrated its thirtieth anniversary.
Featured supplier news
Featured supplier: Eleiko makes deadlifting more accessible with the Öppen Deadlift Bar
Eleiko, a Swedish weightlifting equipment specialist, is reinforcing its position in the strength and fitness market with the launch of the Öppen Deadlift Bar,
Opinion
promotion
An ever-increasing number of Brits are engaging in sporting events, setting themselves goals and looking to increase their fitness levels....
Opinion: Dr Crionna Tobin on nutritional training for PTs and fitness experts
As an industry, we still underestimate the power of a truly varied fitness regime - and the growing appetite for it, especially among emerging customer segments.
Opinion: Collaboration vs aggregation - what’s the difference?
Video Gallery
DFC: We do more...
DFC
DFC are a leading direct debit collection company, providing cash flow solutions to happy clients from all over the UK. Read more
More videos:
Company profiles
Company profile: Proinsight Research Ltd
We take time at the outset to understand your unique customer journey. Then we work ...
Company profiles
Company profile: Balanced Body®
Stocked in the UK for fast, costeffective delivery, Balanced Body® delivers versatile and space-saving mind-body ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Governing body
EMD UK: Governing body
Lockers/interior design
Craftsman Quality Lockers Ltd: Lockers/interior design
Locking solutions
Ojmar: Locking solutions
Wearable technology solutions
MyZone: Wearable technology solutions
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Eleiko Sport AB: Exercise equipment
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Trade associations
International SPA Association - iSPA: Trade associations
Spa software
ResortSuite: Spa software
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Skincare
Sothys: Skincare
Property & Tenders
Kirklees Active Leisure
Property & Tenders
Diary dates
28-30 Oct 2019
Hotel Royal Savoy, Lausanne, Switzerland
Diary dates
30-31 Oct 2019
NEC, Birmingham, United Kingdom
Diary dates
05-08 Nov 2019
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Diary dates
21-22 Nov 2019
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Diary dates
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Diary dates
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