Fitness First back on track
GYM chain Fitness First said its move into the premium health and fitness market is starting to pay off.
Fitness First is currently undergoing a three year make over
The group, majority owned by US buyout firm Oaktree Capital and which has 377 clubs globally, is undergoing a three-year £200million makeover including new training programmes overall revenue fell slightly to £509.3million with pre-tax earnings down 16 per cent to £65.3million.
Chief executive Andy Coslett said: “The turning point came in the latter part of 2014 as the impact of better results from a number of rebranded clubs started to be felt.”