Founded in 1961, Myrtha Pools® quickly became Italy’s première swimming pool company, and has since grown into one of the world's leading swimming pool construction…read more
Fitness First to expand Philippines presence
Fitness First is to expand the number of clubs that it operates in the Philippines as part of a five year expansion plan for Asian markets.
Following its global rebranding earlier this year, Fitness First Asia Chief Executive Simon Flint explained that the global fitness operator plans to open one to two clubs in the Philippines in each each of the next five years. It also plans to refurbish its existing clubs over the next 18 months as part of the global rebrand.
All of the new clubs will be in metropolitan Manila area and will be developed as stand-alone gyms as well as in malls and corporate offices.
Flint explained “after 13 years in the Philippines, we are rebranding a symbolic change in our logo but, more importantly, a major change across many, many areas. And we have researched deeply (to) go further in life through fitness and we believed that we cracked the code to motivation.”
Fitness First already has 16 clubs in the Philippines, mostly in the Manila area, but its growth stagnated in a recent years as its UK-based parent company faced a range of financial issues.
The company is now majority owned by US-based Oaktree Capital Partners which has been behind the recent rebranding and the announcement of its expansion plans in Asia.
Launching Fitness First’s 16th Philippines club is the Manila suburb of Taguig, the company’s first in the region to display its new branding, Flint said the company spent P90 million (US$2.1 million) for the gym and will spend about P65 million (US$1.4 million) more to upgrade its other Philippine clubs.
Looking forward, Flint explained “we are debt free and we have a clean balance sheet and we are very healthy to invest in our estate. We have US$42 million to invest in our current estate to invest in Asia and $100 more to expand our footprint by 60%.
“In our global rebranding initiative, we are investing in the Philippines as it is one of our key markets with high potential for growth.”
Flint concluded that the new investment, will not only be in club development but that funds will be used to train staff and develop programs, as well as products to address the needs of people in the Philippines.
16th January 2014 - FITNESS FIRST TO MOVE BRAND UPMARKET WITH $490 MILLION GLOBAL REVAMP
25th September 2013 - FITNESS FIRST INVESTS S$26 MILLION TO OPEN THREE MORE CLUBS IN SINGAPORE
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
HQH Fitness is an international company that specialises in improving the health, fitness and wellness of people everywhere. We are the South Pacific distributors for Total Gym/GRAVITY Education and…read more
About Priava's Technology - Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…read more
INTRODUCTION Abel Sports is Australia’s leading manufacturer and suppliers of Goal Posts, sports ground safety netting systems and coaches boxes for Stadiums ,Sports Clubs, Councils and…read more
NovoFit is an exciting and dynamic new company born from two of Australia’s leading commercial fitness equipment suppliers. NovoFit combines over 45 years of industry expertise, delivering state…read more
Sports Padding At Rae-Line we manufacture high quality sports padding, gym mats, foam mats and protective padding, suitable for a range of different facilities. Our sports padding is…read more
Developed in Europe, this innovative system offers a safety management solution for swimming pools that checks individual swimmers via their wristband - monitoring their depth and time. Sensors…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!