The International Health, Racquet & Sportsclub Association is the fitness industry's only global trade association representing over 10,000 for profit health and fitness facilities and over 600 supplier companies in 75 countries.

 

 



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Friday
Aug262016

This Week in the Fitness Industry: Australia’s Goodlife Health Clubs Bought by Quadrant Private Equity

Australia’s Goodlife Health Clubs Bought by Quadrant Private Equity
A new holding company called Fitness and Lifestyle Group Pty Ltd (“FLG”) (funded from Quadrant Entities) has entered a binding agreement to purchase the Goodlife business in Australia. Chris Hadley, QPE executive chaiman and chairman of FLG, said, “we are delighted to join the team at Goodlife, the business fits our investment strategy of bringing together a great brand, strong management team, and culture, with industry growth opportunities. We intend to invest significant capital to further grow the business.” The acquisition by Quadrant is an exciting opportunity for Goodlife and testament to the successful business strategy led by Goodlife Health Clubs CEO, Greg Oliver, which has seen incredibly strong trends in member growth and retention over the past 18 months. Read the full press release on Goodlife Health Clubs. 

IHRSA Prepares for the 17th Annual IHRSA / Fitness Brasil in São Paulo

We’re gearing up to head south to the 17th Annual IHRSA / Fitness Brasil, Latin America’s largest fitness industry conference and trade show, held in São Paulo, Brazil, September 1-3. Since Brazil has been struggling with an economic recession and political instability—all on top of the Summer Olympic Games—much of this year’s event will focus on change and transformation in the industry. The program is designed for all types and sizes of clubs—from established clubs to those that are just starting out in the industry. The program provides educational opportunities in a variety of interactive formats: traditional seminars, how-to sessions, and best practices. IHRSA is committed to investing in Latin America, which, with 55,809 health clubs, has more clubs than any other region worldwide, according to the IHRSA Global Report 2016. The Brazilian health club industry is the largest in Latin America by far, with 31,809 clubs and nearly 8 million total members. Learn everything you need to know about IHRSA / Fitness Brasil. 

McDonalds Removes Fitness Tracker Toy from Happy Meals
In recent years McDonald’s has been trying to improve its unhealthy image—especially when it comes to Happy Meals. The fast food giant has been offering more nutritious options, allowing kids to swap fries for fruit and soda for water. But the chain suffered a major setback last week when it had to recall the fitness trackers that were distributed with Happy Meals because it was causing wrist irritation, The Wall Street Journal reports. The toy tracker began appearing in Happy Meals in the U.S. and Canada on Aug. 9, and its removal from Happy Meals is voluntary, a McDonald’s spokeswoman said. “We have taken this swift and voluntary step after receiving limited reports of potential skin irritations that may be associated from wearing the band,” McDonald’s said in a statement. “Nothing is more important to us than the safety of our customers and we are fully investigating this issue. Our restaurants are now offering our youngest guests an alternative Happy Meal toy.”

Highlights from the Canfitpro World Fitness Expo

Earlier this month, IHRSA staff attended and exhibited at Canfitpro World Fitness Expo in Toronto, Canada—the largest fitness expo in Canada, attracting more than 16,000 fitness professionals, business owners, and consumers from all over the world. The Canadian Industry Forum—presented with the Fitness Industry Council of Canada (FIC)—featured several topical discussions, including boutique fitness studios and the advance of technology. Read our full coverage of the Canfitpro World Fitness Expo.

Reader Comments (1)

Tried out the Creatine Supplement. It really worked!!!.. Got an incredibly great boost during my workout period.
February 28, 2017 | Unregistered Commenteralisa

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