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Technogym
Technogym
Technogym
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Esporta continues to spurn advances of private equity group Duke Street

Esporta has again urged shareholders to reject the £133m bid for the group by Duke Street Capital Leisure Investments'. The board believes that the 80p a share offer undervalues the club and is a 'nil premium offer'.

Duke Street's claims that Esporta has provided no evidence that it has a 'sustainable recovery strategy' has been countered by the club operator's A Clear Strategy for Sustainable Growth report.

While Duke Street questions whether Esporta can survive in an increasingly competitive market, Esporta points to its new management team and cost savings as evidence that the company can turn the corner.

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

'Shareholders will benefit from recent openings and the potential for expansion from the new model,' said Maurice Kelly, chief executive.

Esporta is also implementing a new model for future openings with lower operating expenses and has identified 60 potential new locations.

'Despite spending 100 per cent more on marketing and waiving joining fees,' said Nick Irens, Duke Street chair, 'Esporta has achieved only modest first quarter like for like sales growth.' Shareholders have until 12 July to accept the Duke Street offer.

Esporta has again urged shareholders to reject the £133m bid for the group by Duke Street Capital Leisure Investments'. The board believes that the 80p a share offer undervalues the club and is a 'nil premium offer'.
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HCM Magazine
Statistics
While nearly 20% of clubs closed for good in the US, the number in Germany decreased by only 1.4%
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Policy
As the UK government’s social prescribing initiative gains momentum, Kenny Butler calls on the sector to step up and get involved
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HCM People
Our competition need to fasten their seatbelts
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Letters
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
HCM Magazine
Mental health
Research confirms the role health clubs can play in supporting people in nurturing their mental health, as Victor Brick explains
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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
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Sponsored
Billed as the ‘2021 Experience Tour’, Egym has taken its connected gym floor experience on the road around the UK
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HCM magazine
Our equipment doesn't consume power but does generate it, recycling human energy
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
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?
Featured supplier news
Featured supplier news: Are traditional gyms going to war with smart gyms?
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Salt therapy products
Himalayan Source: Salt therapy products
Skincare
Sothys: Skincare
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
trade associations
International SPA Association - iSPA: trade associations
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Architects/designers
Zynk Design Consultants: Architects/designers
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Exercise equipment
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Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
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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 continues to spurn advances of private equity group Duke Street

Esporta has again urged shareholders to reject the £133m bid for the group by Duke Street Capital Leisure Investments'. The board believes that the 80p a share offer undervalues the club and is a 'nil premium offer'.

Duke Street's claims that Esporta has provided no evidence that it has a 'sustainable recovery strategy' has been countered by the club operator's A Clear Strategy for Sustainable Growth report.

While Duke Street questions whether Esporta can survive in an increasingly competitive market, Esporta points to its new management team and cost savings as evidence that the company can turn the corner.

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

'Shareholders will benefit from recent openings and the potential for expansion from the new model,' said Maurice Kelly, chief executive.

Esporta is also implementing a new model for future openings with lower operating expenses and has identified 60 potential new locations.

'Despite spending 100 per cent more on marketing and waiving joining fees,' said Nick Irens, Duke Street chair, 'Esporta has achieved only modest first quarter like for like sales growth.' Shareholders have until 12 July to accept the Duke Street offer.

Esporta has again urged shareholders to reject the £133m bid for the group by Duke Street Capital Leisure Investments'. The board believes that the 80p a share offer undervalues the club and is a 'nil premium offer'.
,
blanknews.gif

News

Anthony Hamilton, the father of F1 racing driver Lewis Hamilton, is launching a fitness equipment
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.
Miha Bodytec GmbH
Miha Bodytec GmbH
As Surge expands its offer with the launch of a third dedicated Electronic Muscle Stimulation
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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
Innovatise UK Ltd
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FunXtion has upgraded its White Label Member App with a raft of new features to
The 40th Annual IHRSA International Convention & Trade Show (IHRSA 2021) begins today in Dallas,
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Basic-Fit has officially opened its 1,000th club, with the launch of a new site in
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Creating workout experiences will be the main theme of this year's Retention Convention, which will
Marg Mayne will stand down as CEO of Mytime Active next year, after more than
Les Mills
Les Mills
CEO of Orbit4, Daniel Jones, says: “There’s no reason traditional gyms and smart gyms can’t
French car manufacturer Citroën and hotel brand Pullman Hotels & Resorts have partnered to create
Les Mills is expanding its digital operations by replacing its existing on-demand services with the
FreeMotion Fitness
FreeMotion Fitness
1 - 20 of 12,053
HCM Magazine
Statistics
While nearly 20% of clubs closed for good in the US, the number in Germany decreased by only 1.4%
HCM Magazine
Policy
As the UK government’s social prescribing initiative gains momentum, Kenny Butler calls on the sector to step up and get involved
HCM Magazine
HCM People
Our competition need to fasten their seatbelts
HCM Magazine
Letters
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
HCM Magazine
Mental health
Research confirms the role health clubs can play in supporting people in nurturing their mental health, as Victor Brick explains
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
Sponsored
Billed as the ‘2021 Experience Tour’, Egym has taken its connected gym floor experience on the road around the UK
HCM Magazine
HCM magazine
Our equipment doesn't consume power but does generate it, recycling human energy
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
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
HCM People

Danielle Obe

Chair, The Black Swimming Association
Our vision is a future with ethnic diversity in aquatics
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
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
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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
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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
Screens display power generated from each piece of equipment, allowing people to compete against each other for kilowatt hours produced
HCM magazine
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 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 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: Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Company profiles
Company profile: Mindbody
Mindbody is the leading technology platform for the wellness industry, featuring an app that allows ...
Company profiles
Company profile: Proinsight Mystery Shopping
We take time at the outset to understand your unique customer journey. Then we work ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Salt therapy products
Himalayan Source: Salt therapy products
Skincare
Sothys: Skincare
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
trade associations
International SPA Association - iSPA: trade associations
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Architects/designers
Zynk Design Consultants: Architects/designers
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Exercise equipment
Matrix Fitness: Exercise 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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Technogym
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