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Virgin Active reports 13% global revenue growth through 2017

Virgin Active reports 13% global revenue growth through 2017
July 17, 2018

Brait, the South African-based owner of Virgin Active Health Clubs, has reported that its revenues grew 13% in the financial year to the end of December 2017, to R10.5 billion (US$ 790 million).

In an updated first quarter 2018 trading update, Virgin highlighted “good membership growth in Q1 with closing membership up 1% year on year”.

According to Virgin, the group has added 40,000 new members globally since January, 40% more than in the same period last year.

The Virgin Active Group includes 233 clubs in eight countries including Australia, Singapore and Thailand with 1.2 million members worldwide.

Brait, which is majority owned by billionaire Christo Wiese, acquired 80% of Virgin Active from funds managed by subsidiaries of CVC Capital Partners at a cost of R13.4 billion (US$900 million) in 2015.

The family interests of Sir Richard Branson and former Virgin Active management holds the remaining 20% stake. 

8th February 2018 - GLADSTONE SOFTWARE HELPS VIRGIN ACTIVE CUSTOMISE THE FITNESS EXPERIENCE 

9th January 2018 - REFORMER STUDIO UPGRADES AT SYDNEY’S VIRGIN ACTIVE PITT STREET

11th September 2017 - NEW VIRGIN ACTIVE CONCEPT TO OPEN AT SYDNEY’S BARANGAROO

27th March 2017 - VIRGIN ACTIVE’S NEW BANGKOK CLUB TAPS INTO HIGH-END FITNESS MARKET 

19th January 2017 - VIRGIN ACTIVE LAUNCHES GLOBAL MARKETING CAMPAIGN

17th January 2017 - VIRGIN SPORT ANNOUNCES FIRST INTERNATIONAL EVENTS

30th November 2016 - FITNESS FIRST’S NEW ‘TITANIUM’ CLUB LAUNCHED AS AUSTRALIA’S FIRST ‘CONNECTED GYM’

26th August 2016 - VIRGIN ACTIVE EXPANDS PRESENCE IN THAILAND WITH SIAM DISCOVERY CLUB OPENING 

2nd June 2016 - VIRGIN ACTIVE TO OPEN 30 FITNESS CLUBS IN SINGAPORE AND THAILAND

20th September 2015 - BRANSON ACKNOWLEDGES KEY PEOPLE BEHIND THE EXPANSION OF VIRGIN ACTIVE 

14th September 2015 - VIRGIN ACTIVE RAMPS UP GROWTH PLANS IN AUSTRALIA AND EAST ASIA 


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