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North Castle has invested in a pilates-style boutique business called SLT, which uses Lagree equipment

and great companies that larger businesses then have a strong desire to own. We then make our return by helping to grow businesses and build beautiful brands. Do you only invest in US-based companies? We’re a relatively small firm and our resources are very North America-focused. We, therefore, invest in businesses headquartered in the US and Canada. We then secure international partners to expand them overseas. For example, Fitness & Leisure Group (FLG) is our partner in Australia for Barry’s – the first time Barry’s has

partnered with a company rather than an entrepreneur. FLG has rights beyond Australia and we’re excited at the prospect of them helping us reach new markets – Asia, for example, where Barry’s has no presence. What will the market look like in 15 years? In some ways, a continuation of the same: there’s no question in my mind that HVLP – high value, low price – will continue to have deep penetration. Within HVLP, we’re seeing the development of a 2.0 model, certainly in the US, where a lot of value is being put in.

WE LIKE THE IDEA OF CREATING

GREAT BRANDS AND GREAT COMPANIES

THAT LARGER BUSINESSES THEN HAVE A STRONG DESIRE TO OWN. WE MAKE OUR RETURN BY HELPING TO GROW BUSINESSES

AND BUILD BEAUTIFUL BRANDS

©Cybertrek 2019 healthclubmanagement.co.uk May 2019

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Profile for Leisure Media

Health Club Management May 2019  

Health Club Management is the magazine and online community for decision-makers in the global health club, fitness and gym industry.

Health Club Management May 2019  

Health Club Management is the magazine and online community for decision-makers in the global health club, fitness and gym industry.