Pure Gym
| Private Company | |
| Industry | Health Clubs |
| Founded | 2009 |
| Founder | Peter Roberts |
Area served | United Kingdom |
| Website | http://www.puregym.com |
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Pure Gym Ltd is a chain of no frills fitness clubs in the United Kingdom. The chain is based in Leeds and has gyms across the UK.
It is the Britains's largest gym chain by membership with about 450,000 members currently signed up and has plans to open 300 gyms by 2020.
In May 2015, Pure Gym acquired all gyms from rival fitness chain LA Fitness bringing the total number of gyms across the UK to 141.
Facilities
The gyms are open 24 hours a day[1] and offer cardio equipment, fixed and free weights, and exercise classes. There are no swimming pools or saunas which are found in more expensive gyms.
All Pure Gyms are monitored by real-time CCTV linked directly to security staff and emergency services.
Ownership and management
Pure Gym is privately owned by CCMP Capital and other investors.[2] In 2014, rival The Gym Group attempted to take over Pure Gym, but abandoned the takeover after it was referred to the Competition and Markets Authority.[3]
In May 2015, Pure Gym said they are close to buying their rival LA Fitness for around £60 million to £80 million.[4]
Humphrey Cobbold took over Peter Roberts as the CEO and Peter Roberts has, in turn, become the Executive Chairman with Adam Bellamy continuing as the CFO.
References
- ↑ The Guardian, http://www.theguardian.com/lifeandstyle/2012/jan/29/exercise-in-all-night-gym
- ↑ Telegraph http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/10082006/Private-equity-takeover-lifts-Pure-Gym.html
- ↑ Telegraph http://www.telegraph.co.uk/finance/businessclub/11029227/The-Gym-Group-keen-to-cut-pounds-in-growth-market.html
- ↑ "Pure Gym to buy rival LA Fitness". BBC News. 29 May 2015.