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FIBO Exhibition
FIBO Exhibition
FIBO Exhibition
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Cannons for sale

Frustrated by the company's under-performance on the stock market, health and fitness operator Cannons is conducting a strategic review which, in effect, sees the company put up for sale.

Chief executive, Harm Tegelaars, called the review because the 'current market valuation of the company does not reflect the true underlying performance or potential of the group'. The company has called upon Close Brothers Corporate Finance to aid the review which will include 'discussions with third parties and other corporate initiatives.' Analysts speculating on the outcome of the company say that other than a management buyout, possible buyers could include UK rivals such as Holmes Place or Fitness First, or even an international operator looking to break into the UK health and fitness market.

Cannons has 37 UK sites, including Chelsea's Harbour Club valued at approximately £30m, and one club in the Netherlands. After the announcement the share price rose 15 per cent to 128.5p, valuing the club at £215m. The shares peaked at 201.5p in January.

Frustrated by the company's under-performance on the stock market, health and fitness operator Cannons is conducting a strategic review which, in effect, sees the company put up for sale.
HAF,
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The market demand is there and we’re going to meet and grow that demand
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Everyone’s talking about
Booming membership sales, busy suburban clubs and members visiting during the working day. Operators are reporting it’s good to be back. Kath Hudson finds out what business has been like since the re-set button was pressed
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Letters
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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Sponsored
Andy Janes and Jamie Whisken explain the vision behind R1SE Bournemouth, and why Technogym was their choice of partner in delivering their unique fusion boutique
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Generations rarely have the opportunity to reset public opinion and effect behaviour change for good, but post-pandemic two unequal movements with a lot in common will be the focus of governments, says David Minton
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The appetite for health clubs is strong among consumers and investors – to take advantage of this, operators must figure out how to meet key challenges in operationally sustainable ways
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Danielle Obe

Chair, The Black Swimming Association
Our vision is a future with ethnic diversity in aquatics
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Screens display power generated from each piece of equipment, allowing people to compete against each other for kilowatt hours produced
Featured supplier news
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Catalogue Gallery
Click on a catalogue to view it online
Directory
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Management software
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Exercise equipment
Power Plate: Exercise equipment
Flooring
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 Red Light Rising: Red Light Therapy
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Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates

News

Cannons for sale

Frustrated by the company's under-performance on the stock market, health and fitness operator Cannons is conducting a strategic review which, in effect, sees the company put up for sale.

Chief executive, Harm Tegelaars, called the review because the 'current market valuation of the company does not reflect the true underlying performance or potential of the group'. The company has called upon Close Brothers Corporate Finance to aid the review which will include 'discussions with third parties and other corporate initiatives.' Analysts speculating on the outcome of the company say that other than a management buyout, possible buyers could include UK rivals such as Holmes Place or Fitness First, or even an international operator looking to break into the UK health and fitness market.

Cannons has 37 UK sites, including Chelsea's Harbour Club valued at approximately £30m, and one club in the Netherlands. After the announcement the share price rose 15 per cent to 128.5p, valuing the club at £215m. The shares peaked at 201.5p in January.

Frustrated by the company's under-performance on the stock market, health and fitness operator Cannons is conducting a strategic review which, in effect, sees the company put up for sale.
HAF,
blanknews.gif

News

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Tanni Grey-Thompson has outlined her vision on how the physical activity sector can play "the
The Global Health & Fitness Alliance (GHFA) has revealed the makeup of its inaugural nine-member
The 40th Annual IHRSA International Convention & Trade Show (IHRSA 2021) begins today in Dallas,
Innovatise UK Ltd
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FitnessOnDemand (FOD) [IHRSA BOOTH 1509] the leader in on-demand content from the world’s most innovative
A new study has suggested that strength training can result in people losing around a
Basic-Fit has officially opened its 1,000th club, with the launch of a new site in
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FIBO Exhibition
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Les Mills
Les Mills
1 - 20 of 12,045
HCM Magazine
HCM People
The market demand is there and we’re going to meet and grow that demand
HCM Magazine
Everyone’s talking about
Booming membership sales, busy suburban clubs and members visiting during the working day. Operators are reporting it’s good to be back. Kath Hudson finds out what business has been like since the re-set button was pressed
HCM Magazine
Letters
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
HCM Magazine
Sponsored
Andy Janes and Jamie Whisken explain the vision behind R1SE Bournemouth, and why Technogym was their choice of partner in delivering their unique fusion boutique
HCM Magazine
Policy
Generations rarely have the opportunity to reset public opinion and effect behaviour change for good, but post-pandemic two unequal movements with a lot in common will be the focus of governments, says David Minton
HCM Magazine
Insight
Dr Davina Deniszczyc talks us through the findings of the first Nuffield Healthier Nation Index, which has benchmarked activity levels and attitudes to exercise among the UK population
HCM Magazine
Editor's letter
The appetite for health clubs is strong among consumers and investors – to take advantage of this, operators must figure out how to meet key challenges in operationally sustainable ways
HCM Magazine
HCM magazine
Our competition need to fasten their seatbelts
HCM magazine
HCM People

Danielle Obe

Chair, The Black Swimming Association
Our vision is a future with ethnic diversity in aquatics
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Screens display power generated from each piece of equipment, allowing people to compete against each other for kilowatt hours produced
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Featured supplier news
Featured supplier news: Founder of dynamic yoga platform launches cinematic wellbeing classes for luxury spas and hotels
Matt Miller, founder of leading yoga training platform Broga has announced the launch of Earth+Sky – a collection of cinematic virtual wellbeing classes filmed in breath-taking locations around the world.
Featured supplier news
Featured supplier news: Will your business last without digital transformation?
During the pandemic, a digital transformation took off faster than anyone could have predicted with meetings in person cancelled and millions working from home.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Featured operator news
Featured operator news: Everyone Active generates £342m in social value
Award-winning leisure operator Everyone Active generated £342million in social value at its sites across the country in 2019/20.
Company profiles
Company profile: Parkwood Leisure
Parkwood Leisure is a family-owned leisure management company working with local authority partners across England ...
Company profiles
Company profile: Myzone
Myzone is an innovative heart rate monitor and community engagement tool to track physical activity ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Architects/designers
Zynk Design Consultants: Architects/designers
Management software
Premier Software Solutions: Management software
Exercise equipment
Power Plate: Exercise equipment
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Skincare
Comfort Zone - Davines S.p.A: Skincare
Fitness equipment
Precor: Fitness equipment
Spa software
SpaBooker: Spa software
Uniforms
Service Sport: Uniforms
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Red Light Therapy
 Red Light Rising: Red Light Therapy
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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FIBO Exhibition
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