news Planet Fitness buys Sunshine for US$800m
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PHOTO: PLANET FITNESS
lanet Fitness has signed an agreement to acquire Sunshine Fitness – an operator of 114 Planet Fitness fitness clubs in the US – in a deal worth US$800m. The cash and shares deal, which is expected to be finalised during the first quarter of 2022, will allow Planet Fitness to diversify across more geographies, according to CEO Chris Rondeau. Sunshine Fitness was the first franchisee in the Planet Fitness system and has been backed by Planet Fitness will acquire Sunshine Fitness’ 114 sites across the US PHOTO: PLANET FITNESS
TSG Consumer Partners since 2017. Its 114 locations will be merged into the current Planet Fitness company-owned portfolio, which is predominantly located in the northeast of the US. Shane McGuiness, co-founder and CEO of Sunshine Fitness, who has been an owner and operator in the
Owning corporate clubs is an important part of our strategy Chris Rondeau
Planet Fitness system for nearly 20 years, will oversee operations of the combined corporate store portfolio. Rondeau said: “Owning corporate clubs is an important part of our strategy and gives us relevancy and credibility when making decisions.” More: http://lei.sr/h8b2Q_H
Wellness economy to be worth $7trn by 2025
PHOTO: SHUTTERSTOCK/RAWPIXEL
The report predicts that the wellness sector will continue to grow in value
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Issue 1 2022 ©Cybertrek 2022
PHOTO: GWS
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he global wellness economy will grow by 9.9 per cent annually and reach US$7trn by 2025, according to new research by the Global Wellness Institute (GWI). Named The Global Wellness Economy: Looking Beyond COVID, the report was unveiled on the first day of the 2021 Global Wellness Summit (GWS) in Boston. The research provides new market data on the overall wellness economy and for each of its 11 sectors, as well as exploring how COVID-19 impacted the industry, which markets fared best and worst and what the future holds for the sector. “We estimate that the global wellness economy grew from US$4.3 trillion in 2017 to US$4.9 trillion in 2019,” said GWI senior research
The global wellness economy grew from us$4.3trn in 2017 to US4.9trn in 2019 Ophelia Young
fellows and report co-authors, Ophelia Yeung and Katherine Johnston. The report estimated the global physical activity sector to be worth US$738bn in 2020, while workplace wellness was valued at US$49bn and the weight loss sector at US$946bn. More: http://lei.sr/w5M2p_H
