Quadrant Private Equity will add Fitness First's 65 clubs to a stable of that includes 76 Goodlife gyms, acquired from Ardent Leisure in August, and plus Jetts hour gyms bought earlier in September.
While Fitness First and Goodlife are full service gyms, the lower cost Jetts chain gives Quadrant's operations a presence across the market. Mr Hadley said the suite of gyms now covers , members nationally, and allows the company to discuss offers with large corporations for deal packages, while the Jetts chain is also expanding into south east Asia. Quadrant will retain the three brands as separate operations, although Mr Hadley said some changes would include longer operating hours for Fitness First.
The private equity player, which bought Fitness First from another private equity firm, Oaktree Capital Management, will look at a float of the gym business in the future. Mr Hadley said the gym industry is growing, with 3. Quadrant is also looking at the health insurance industry and is considering discussions with government on broader health initiatives. Proposed changes to the NDIS pose an 'enormous risk' to its future. State environment ministers ramp up pressure on federal government to show climate leadership.
Australians will be financially better off under net zero plan, climate modelling shows. Refugee with disability says he's sleeping rough after release from immigration detention. Bob Katter slams Morrison government's 'blatantly racist' proposed voter ID laws. We bring this to life for our members through a new fitness philosophy, innovative fitness products, an enhanced club environment, a focus on service and expertise, and the development of a connected fitness platform.
Our brand belief is that fitness gives you the confidence, energy, and self-belief to go further in life. Founded in in Bahrain, the Landmark Group has successfully grown into one of the largest and most successful retail organizations in the Middle East and India. An international, diversified retail and hospitality conglomerate that encourages entrepreneurship to deliver exceptional value consistently, the Group operates over 1, outlets encompassing over 25 million square feet across the Middle East, Africa, and the Indian sub-continent.
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