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The Deal That You Do Not Know About Fitness First

As we all know,  Fitness First merged with Celebrity Fitness Across Asia .This news announced on the 23rd of February 2017 .
However ,

total branches of fitness first and celebrity fitness in Asia

source from fitnessfirst.com.sg

Do you know what happen to Fitness First last year 2016 ? I bet YOU do not know .

Fitness First is actually looking for buyers for their branches across Australia and also Asian .

the merge of fitness first and celebrity fitness in asia

source from thetimes.co.uk

Statement 1

“Its American owners , Oaktree Capital Management and Marathon Asset Management, have hired HSBC to find buyers for the Asian and Australian sites. “

source from thetimes.co.uk

Statement 2

 “Virgin Active has outlined plans for a buying spree in Asia following its takeover last year by Brait Capital, controlled by South African billionaire Christo Wiese. The chain, which still counts Sir Richard Branson’s Virgin as an investor, wants to spend £150m in the region.”

source from thetimes.co.uk

So , since that Fitness First is selling off , then why is the merge of celebrity fitness across Asia ?

So much of brotherhood going on here. Good luck guys .

 

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