Latest News

Back to Latest News back

 

World Gym acquires California Fitness in Taiwan

World Gym acquires California Fitness in Taiwan
October 26, 2010

The Taiwanese arm of World Gym Fitness Centres has taken over all six of California Fitness' centres in Taiwan.

As a result of the acquisition, World Gym hopes to grow its Taiwanese revenue by about 50%, expanding its market share to 10% from its current 6%.

Company President John Caraccio told a media briefing in Taipei that "the deal enables us to extend World Gym's footprint across Taiwan.

"After the completion of the deal, World Gym will enjoy the economy of scale in terms of both locations and memberships, allowing us to operate more cost-effectively in Taiwan."

World Gym will acquire all six California Fitness outlets and related facilities in Taiwan, expanding its number of outlets to 18 across the nation, with more than 90,000 members.

Following the acquisition, the entire staff of California Fitness in Taiwan will be able to stay in their current positions and the rights of its members will remain intact.

To further protect consumers' rights, World Gym has set a special two-month renewal period for members who previously failed to renew their memberships under a special promotional package offered by California Fitness.

Taiwanese consumer groups have watchied the deal for any cases of rights infringement and to prevent history from repeating itself after Alexander Health Club Group abruptly shut down in December 2007. The bankrupt fitness chain initially left no answer for its 100,000 members who lost their membership, including those who paid high upfront fees not long before the bankruptcy.

Consumer spokesperson Hsieh Tien-jen said that World Gym is obligated to provide at least the same level of fitness services to former members of California Fitness, who have paid their membership fees with expectations of a certain standard of fitness service. If consumers find that the quality of services is lower than that provided by California Fitness, consumers are entitled to full refunds.

Representatives of California Fitness in Taiwan told reporters that it would now focus on its businesses in Hong Kong and other places in the Greater China market.

For more information go to www.worldgym.com/

10th September 2009 - CALIFORNIA FITNESS SELLS MALAYSIAN BUSINESS


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.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

The Pool Enclosure Company

Welcome to The Pool Enclosure Company (TPEC). We provide a large range of premium commercial and residential retractable swimming pool, spa and terrace enclosures throughout Australia, servicing…

read more

Aquatics / Design / Recreation / Venues

 
 

GreeneDesk

Track. Engage. Retain GreeneDesk is a suite of cloud based software solutions helping health clubs, leisure centres and swim schools to effectively track progression, improve customer engagement and…

read more

Aquatics / Billing / Education / Fitness / Technology

 
 

Hydrocare Pool Services

Hydrocare Pool Services Pty Ltd offer 30 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…

read more

Aquatics / Attractions / Play / Recreation / Technology

 
 

AEROBIC MICROPHONES AUSTRALIA

Aerobic Microphones Australia provides audio products for the fitness industry. Products include the sweat resistant Cyclemic and Aeromic headworn microphones and pouchbelts that are made in…

read more

Fitness / Technology

 
 
 

Centaman Entrance Control

Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…

read more

Access / Entertainment / Sport / Ticketing / Venues

 
 

AlphaFit

AUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

Aflex Inflatables

Aflex Inflatables are the leaders for obstacle courses, pool toys, waterparks and land-based watersides and fitness runs. They are industry leaders offering the widest range of pool, lake and beach…

read more

Aquatics / Play / Waterparks

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business