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HID Global
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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

Virgin Active appointment sparks fresh speculation of IPO

Speculation is once again rife of a high-profile IPO for Virgin Active, although this time the business is said to be preparing to float in South Africa.

Virgin Active chair Richard Baker – who recently became chair of Costa coffee chain owner Whitbread – has been replaced by South African retail veteran Simon Susman, prompting several reports suggesting the firm is eyeing a Johannesburg stock exchange listing next year.

The gym chain, part-owned by Sir Richard Branson’s Virgin Group and private equity firm CVC – which also has a stake in attractions giant Merlin Entertainments – has around 260 health clubs worldwide, of which 112 are in South Africa. These clubs are reported to generate around 60 per cent of the company’s earnings.

This is the latest in a long line of reports that Virgin Active will go public. The most recent flurry came in May, when it was reported the firm was lining up an IPO or sale in the UK, although sources at the time suggested that a secondary listing could take place in South Africa.

Incoming chair Susman was quoted in The Daily Telegraph as saying: “I am very much looking forward to joining the board as the company continues its growth, both in its existing territories and in new markets.”

Virgin Group has also announced it is to take to the high seas through new venture Virgin Cruises, with the potential for on-board Virgin Active clubs to help guests stay ship-shape.

Speculation is once again rife of a high-profile IPO for Virgin Active, although this time the business is said to be preparing to float in South Africa.
HAF,FIT,IND,PHR
20787_614964.jpg
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Sponsored
Technogym introduced live and on-demand functionality to Mywellness in July. Here we find out more about operators who have adopted this solution
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The great debate
Given its support for the NHS, should the fitness industry be classified as an essential service, and if so, how do we get the sector reclassified? Kath Hudson asks industry leaders for their views
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Sponsored
Venueserve Fitness enables clubs to offer white-label content streaming to optimise capacity and member engagement
HCM Magazine
Active ageing
With many older people in crisis due to the pandemic, ukactive’s head of health and wellbeing development, Kenny Butler, explains why the organisation is launching an active ageing consultation and how you can get involved
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Opinion
Steve Ward celebrates the transformational energy being unleashed in the fitness industry by the pandemic
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Sponsored
Ruskin Fitness Club has transformed its gym in partnership with Technogym, adding the new Excite Live line, as well as dedicated workout zones
HCM Magazine
Interview
Smart clubs, a deal with 1Rebel and a collaboration with Amazon. The co-founder and CEO of Saudi Arabia’s Armah Sports talks to Kate Cracknell
HCM Magazine
HCM magazine
High quality user experience and good value for the operator. This is the winning formula behind an expanding Physical Company product range, says James Anderson
HCM magazine
We’ve stepped off the path this month to bring you a special 2020 review edition of HCM and to propose emerging priorities going forward, as we gird our loins to tackle 2021
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How Virtuagym and Thebodycontent created an ecosystem of fitness within a small community
Featured supplier news
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Click on a catalogue to view it online
Directory
Member feedback software
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Uniforms
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Trade associations
International SPA Association - iSPA: Trade associations
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Property & Tenders
11 - 25 Union St, London SE1 1SD
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Waltham Abbey, Essex
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Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
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IFEMA, Madrid, Spain
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03-04 Mar 2021
NEC, Birmingham, United Kingdom
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03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
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16-17 Jun 2021
ExCeL London, London, United Kingdom
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21-24 Sep 2021
Messe Stuttgart, Germany
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01-07 Dec 2022
tbc, Dunedin, New Zealand
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News

Virgin Active appointment sparks fresh speculation of IPO

Speculation is once again rife of a high-profile IPO for Virgin Active, although this time the business is said to be preparing to float in South Africa.

Virgin Active chair Richard Baker – who recently became chair of Costa coffee chain owner Whitbread – has been replaced by South African retail veteran Simon Susman, prompting several reports suggesting the firm is eyeing a Johannesburg stock exchange listing next year.

The gym chain, part-owned by Sir Richard Branson’s Virgin Group and private equity firm CVC – which also has a stake in attractions giant Merlin Entertainments – has around 260 health clubs worldwide, of which 112 are in South Africa. These clubs are reported to generate around 60 per cent of the company’s earnings.

This is the latest in a long line of reports that Virgin Active will go public. The most recent flurry came in May, when it was reported the firm was lining up an IPO or sale in the UK, although sources at the time suggested that a secondary listing could take place in South Africa.

Incoming chair Susman was quoted in The Daily Telegraph as saying: “I am very much looking forward to joining the board as the company continues its growth, both in its existing territories and in new markets.”

Virgin Group has also announced it is to take to the high seas through new venture Virgin Cruises, with the potential for on-board Virgin Active clubs to help guests stay ship-shape.

Speculation is once again rife of a high-profile IPO for Virgin Active, although this time the business is said to be preparing to float in South Africa.
HAF,FIT,IND,PHR
20787_614964.jpg

News

Fitness First has launched a new free digital fitness hub, offering users a wide range
The Gym Group has brought in Rio Ferdinand and Wais Shaifta as non-executive directors, signalling
As the global vaccine rollout brings reopening closer and heralds the end of lockdowns, jostling
Less than half (44.9 per cent) of children and young people in England met the
An England-wide survey of over 5,000 adults found that 80 per cent of people aged
The government needs to provide the fitness and physical activity sector with a plan which
Miha Bodytec GmbH
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L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110
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fibodo Limited
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Pulse Fitness has recently completed a refurbishment of the fitness facilities at iGym London. Using
HIIT brand 1Rebel has entered the Middle Eastern market for the first time, with the
ukactive has called on the UK government to draft a new National Physical Activity Plan
David Lloyd Leisure has become the latest operator to have its auditors flag up the
An international panel of experts have examined how social prescribing can play a role in
UK-based boutique operator TRIB3 will open its first site in The Netherlands next year. Due
David Lloyd Clubs will develop a new programme in January 2021, designed to help people
Volution.fit
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The world has had to get used to social distancing in 2020 and any business
Virgin Active has become the latest big-box operator to signal its intention to raise cash
An independent gym in New York City has "returned to normal" and opened its doors
MyZone Group Ltd
MyZone Group Ltd
1 - 20 of 11,743
HCM Magazine
Sponsored
Technogym introduced live and on-demand functionality to Mywellness in July. Here we find out more about operators who have adopted this solution
HCM Magazine
The great debate
Given its support for the NHS, should the fitness industry be classified as an essential service, and if so, how do we get the sector reclassified? Kath Hudson asks industry leaders for their views
HCM Magazine
Sponsored
Venueserve Fitness enables clubs to offer white-label content streaming to optimise capacity and member engagement
HCM Magazine
Active ageing
With many older people in crisis due to the pandemic, ukactive’s head of health and wellbeing development, Kenny Butler, explains why the organisation is launching an active ageing consultation and how you can get involved
HCM Magazine
Opinion
Steve Ward celebrates the transformational energy being unleashed in the fitness industry by the pandemic
HCM Magazine
Sponsored
Ruskin Fitness Club has transformed its gym in partnership with Technogym, adding the new Excite Live line, as well as dedicated workout zones
HCM Magazine
Interview
Smart clubs, a deal with 1Rebel and a collaboration with Amazon. The co-founder and CEO of Saudi Arabia’s Armah Sports talks to Kate Cracknell
HCM Magazine
HCM magazine
High quality user experience and good value for the operator. This is the winning formula behind an expanding Physical Company product range, says James Anderson
HCM magazine
We’ve stepped off the path this month to bring you a special 2020 review edition of HCM and to propose emerging priorities going forward, as we gird our loins to tackle 2021
HCM magazine
How Virtuagym and Thebodycontent created an ecosystem of fitness within a small community
HCM magazine
This was a year when research helped transformed the gym sector into a serious political force. Two pieces of work stand out in terms of timely impact
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Nu Physio and Fitness has placed Egym at the heart of its protection and prevention model
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Our road map is to manage leisure facilities, developing them into community hubs and ensuring the most in need get the most support
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The science shows being fit mitigates against COVID-19. We’ve proven we can operate safely under the SAGE COVID-secure Framework. Time to join it up by securing essential service status
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HCM People

Nick Whitcombe

Founder, Body Tech Fitness
I’ve been in the industry for a decade and it’s the first time I’ve seen it truly unified from the top to the bottom
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HCM talks to policy makers, operators and decision-makers about the public sector and trust response to the pandemic
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Featured supplier news
Featured supplier: Funxtion collaborates with global experts on white paper exploring digital in the future of fitness
In collaboration with ukactive, FunXtion has driven a global discussion with some of the world’s leading fitness operators and influencers, exploring how digitalisation will influence the delivery of fitness services and products moving forwards.
Featured supplier news
Featured supplier: Red Light Rising teams up with ITRM Clinic to supply red light therapy for injured athletes
Red light therapy equipment supplier, Red Light Rising, has partnered with Aidan Robinson of ITRM Clinic in the UK
Company profiles
Company profile: Merrithew™ - Leaders in Mindful Movement™
Merrithew™ enriches the lives of others with responsible exercise modalities and innovative, multidisciplinary fitness offerings ...
Company profiles
Company profile: Technogym
Founded in 1983, Technogym is a world-leading international supplier of technology and design-driven products and ...
Supplier Showcases
Supplier showcase - Bouncing back
Catalogue Gallery
Click on a catalogue to view it online
Directory
Member feedback software
AskNicely: Member feedback software
Uniforms
Service Sport: Uniforms
Lockers/interior design
Fitlockers: Lockers/interior design
Trade associations
International SPA Association - iSPA: Trade associations
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Wearable technology solutions
MyZone: Wearable technology solutions
Fitness equipment
Precor: Fitness equipment
Flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Flooring
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
Diary dates
21-24 Sep 2021
Messe Stuttgart, Germany
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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