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Les Mills International
Les Mills International
Les Mills International
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Esporta advises shareholders to accept Duke Street bid

Health club operator Esporta has finally succumbed to the advances of Duke Street Capital Leisure Investments.

Duke Street upped its bid to 87.5p a share today - an increase of 9 per cent on the original offer of 80p a share - and revealed that it had acquired a further £51.2m shares.

With its stake in Esporta now standing at 55.6 per cent, the bid has been declared unconditional.

In a statement, Esporta said: 'The Board believes this Mandatory Cash Offer continues to undervalue Esporta, which has seen a significant improvement under new management.' However, as the offer is now 'wholly unconditional' the company has advised its shareholders to accept because, in the event that the Esporta shares are de-listed, shareholders would own shares in an unlisted company controlled by Duke Street.

Duke Street raised its bid from the original £133m after Esporta issued A Clear Strategy for Sustainable Growth, countering Duke Street's claims that Esporta could not survive against increasing competition and declaring the 80p per share bid to be a 'nil premium offer'.

Esporta pointed to its new management team and cost savings as evidence it could turn the corner.

It also outlined plans for growth through converting 14,000sq ft of 'low utilisation' areas into gyms and changing rooms, thus creating greater capacity within existing clubs and allowing 14,000 new peak time members - the equivalent of opening four new clubs.

It also planned to implement a new model for future openings with lower operating expenses and has identified 60 potential new locations.

Shareholders have until the end of the month to accept Duke Street's offer. Details: +44 (0)118 912 3500

Health club operator Esporta has finally succumbed to the advances of Duke Street Capital Leisure Investments.
HAF,
blanknews.gif
Latest News
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HCM Magazine
HCM People
What we do as an industry is change lives for the better and we should all be proud of that
HCM Magazine
HCM People
Our vision is a future with ethnic diversity in aquatics
HCM Magazine
Active ageing
David Minton says the healthy movement industry is ten times bigger than the health club sector, and the care industry four times bigger and ask why we’re not rushing to collaborate?
HCM Magazine
Interview
The co-founder of The Great Outdoor Gym Company has a vision to inspire communities to become healthy and sustainable, both environmentally and personally. She speaks to Kate Cracknell
HCM Magazine
Letters
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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
HCM magazine
In the last issue of HCM, we checked with big box operators in the UK to see how trading has been going since restrictions were lifted. This month we turn our attention to boutiques and urban studios to find out how they’re faring. Kath Hudson reports
HCM magazine
In this issue, we’re focusing on sharing insights and thought leadership to highlight opportunities for the development of the sector in terms of both markets and offerings, says Liz Terry, HCM editor
HCM magazine
Research confirms the role health clubs can play in supporting people in nurturing their mental health, as Victor Brick explains
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GLL and its app partner Innovatise (myFitApp) have today announced the Better UK App has been downloaded over 1 million times since it was launched in November 2019.
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Featured supplier news: Are traditional gyms going to war with smart gyms?
CEO of Orbit4, Daniel Jones, says: “There’s no reason traditional gyms and smart gyms can’t live in harmony. With a little reorganisation and education, there’s a really bright future for all gyms.”
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Company profiles
Company profile: Myzone
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Spa software
SpaBooker: Spa software
Skincare
Sothys: Skincare
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
trade associations
International SPA Association - iSPA: trade associations
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Wearable technology solutions
MyZone: Wearable technology solutions
Red Light Therapy
 Red Light Rising: Red Light Therapy
Fitness equipment
Precor: Fitness equipment
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

News

Esporta advises shareholders to accept Duke Street bid

Health club operator Esporta has finally succumbed to the advances of Duke Street Capital Leisure Investments.

Duke Street upped its bid to 87.5p a share today - an increase of 9 per cent on the original offer of 80p a share - and revealed that it had acquired a further £51.2m shares.

With its stake in Esporta now standing at 55.6 per cent, the bid has been declared unconditional.

In a statement, Esporta said: 'The Board believes this Mandatory Cash Offer continues to undervalue Esporta, which has seen a significant improvement under new management.' However, as the offer is now 'wholly unconditional' the company has advised its shareholders to accept because, in the event that the Esporta shares are de-listed, shareholders would own shares in an unlisted company controlled by Duke Street.

Duke Street raised its bid from the original £133m after Esporta issued A Clear Strategy for Sustainable Growth, countering Duke Street's claims that Esporta could not survive against increasing competition and declaring the 80p per share bid to be a 'nil premium offer'.

Esporta pointed to its new management team and cost savings as evidence it could turn the corner.

It also outlined plans for growth through converting 14,000sq ft of 'low utilisation' areas into gyms and changing rooms, thus creating greater capacity within existing clubs and allowing 14,000 new peak time members - the equivalent of opening four new clubs.

It also planned to implement a new model for future openings with lower operating expenses and has identified 60 potential new locations.

Shareholders have until the end of the month to accept Duke Street's offer. Details: +44 (0)118 912 3500

Health club operator Esporta has finally succumbed to the advances of Duke Street Capital Leisure Investments.
HAF,
blanknews.gif

News

Fitness apps that emphasise death-related messaging are more effective in getting people physically active. The
UK Health clubs, gyms, hotels, pubs and other leisure businesses will all receive a 50
Fitness First UK has changed its pricing structure and is now offering a flexible membership
Boutique operator 1Rebel has launched its first 1Rebel Labs Studio at its club in Holborn.
The Local Government Association (LGA) has called on the UK government to invest £875m in
Anthony Hamilton, the father of F1 racing driver Lewis Hamilton, is launching a fitness equipment
Miha Bodytec GmbH
Miha Bodytec GmbH
Uptivo is an all-in-one digital solution for fitness clubs, fitness boutique studios and personal trainers
The pandemic has had an "unprecedented" impact on physical activity levels in England, with 1
The first énergie Fitness club has opened in Spain as part of a push for
A global innovation competition has been launched to find ways to encourage and support more
Xponential Fitness has acquired Body Fit Training in a deal worth US$44m. The deal takes
Exercise has been highlighted as a crucial weapon in cancer patients’ battle against the disease.
The global health and fitness industry is returning to a busy programme of live trade
The Retention Guru
The Retention Guru
GLL and its app partner Innovatise (myFitApp) have today announced the Better UK App has
Matrix and Intelivideo have signed a strategic partnership, which will see Intelivideo's fitness content integrated
Nadine Dorries, the recently appointed secretary of state for digital, culture, media and sport at
Mindbody has announced it's buying ClassPass, the consumer wellness subscription service that enables people to
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,
Les Mills
Les Mills
Matt Miller, founder of leading yoga training platform Broga has announced the launch of Earth+Sky
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
Innovatise UK Ltd
Innovatise UK Ltd
1 - 20 of 12,057
HCM Magazine
HCM People
What we do as an industry is change lives for the better and we should all be proud of that
HCM Magazine
HCM People
Our vision is a future with ethnic diversity in aquatics
HCM Magazine
Active ageing
David Minton says the healthy movement industry is ten times bigger than the health club sector, and the care industry four times bigger and ask why we’re not rushing to collaborate?
HCM Magazine
Interview
The co-founder of The Great Outdoor Gym Company has a vision to inspire communities to become healthy and sustainable, both environmentally and personally. She speaks to Kate Cracknell
HCM Magazine
Letters
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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
HCM magazine
In the last issue of HCM, we checked with big box operators in the UK to see how trading has been going since restrictions were lifted. This month we turn our attention to boutiques and urban studios to find out how they’re faring. Kath Hudson reports
HCM magazine
In this issue, we’re focusing on sharing insights and thought leadership to highlight opportunities for the development of the sector in terms of both markets and offerings, says Liz Terry, HCM editor
HCM magazine
Research confirms the role health clubs can play in supporting people in nurturing their mental health, as Victor Brick explains
HCM magazine
As the UK government’s social prescribing initiative gains momentum, Kenny Butler calls on the sector to step up and get involved
HCM magazine
I’d like to see the gym sector help champion the social prescribing agenda, as a route to getting more people engaged in physical activity
HCM magazine
This year’s edition of the IHRSA Global Report which addresses performance from 2020, is a valuable record of the tremendous impact of the COVID-19 pandemic on the sector, creating a benchmark from which to understand the recovery. Kristen Walsh reports for HCM
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Our competition need to fasten their seatbelts
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Focusing on dieting has failed to offset the rising tide of obesity, say researchers from the Universities of Arizona and Virginia. A focus on fitness gives better health outcomes
HCM magazine
Research firm Qualtrics surveyed 12,157 consumers across 15 countries in seven languages to create the Les Mills 2021 Global Fitness Report, highlighting the ways consumers are choosing to work out as we emerge from the pandemic. Jak Phillips reports
HCM magazine
Featured supplier news
Featured supplier news: GLL Better UK App passes 1 million downloads
GLL and its app partner Innovatise (myFitApp) have today announced the Better UK App has been downloaded over 1 million times since it was launched in November 2019.
Featured supplier news
Featured supplier news: Are traditional gyms going to war with smart gyms?
CEO of Orbit4, Daniel Jones, says: “There’s no reason traditional gyms and smart gyms can’t live in harmony. With a little reorganisation and education, there’s a really bright future for all gyms.”
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.
Featured operator news
Featured operator news: Sporting heroes to officially open £22 million redevelopment at Everyone Active centre
A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
Company profiles
Company profile: Myzone
Myzone is an innovative heart rate monitor and community engagement tool to track physical activity ...
Company profiles
Company profile: Matrix Fitness
Matrix provides innovative commercial fitness equipment to facilities in all market sectors including private health ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Spa software
SpaBooker: Spa software
Skincare
Sothys: Skincare
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
trade associations
International SPA Association - iSPA: trade associations
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Wearable technology solutions
MyZone: Wearable technology solutions
Red Light Therapy
 Red Light Rising: Red Light Therapy
Fitness equipment
Precor: Fitness equipment
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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Les Mills International
Les Mills International