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LA fitness to sell Salisbury gym
GYM chain LA fitness has announced plans to sell its Salisbury club.
An agent has been appointed to try to find another gym company to take over, but if a buyer isn’t found in the next six months the venue could close altogether. The company says it is selling 33 of its 80 clubs as part of a restructuring plan to reduce its debt and secure its long-term future.
Martin Long, LA fitness chief executive, said: “LA fitness is a strong brand that is valued by its members. We have had a good start to 2014 and our membership numbers are up year on year.
“It is a structural issue that is hampering LA fitness, and it is through this process that we will create a leaner, more operationally efficient business, with a long-term, sustainable future as one of the UK's leading health and fitness operators.
“Importantly, we will have the financial strength and operational flexibility to continue investing in facilities, equipment and technology across our retained portfolio of clubs to enhance the experience for our members.”
The company said the proposals will have no immediate impact on the day-to-day running of the business for members, employees, suppliers or trade partners. It is expected that the majority of the existing employees will continue to be employed by the new owners.
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