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Health and Fitness Club Industry News: Chains

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Town Sports International Brings Its Luxury Boutique Brand to Boston
Posted: June 1, 2015 in Chains

BOSTON, MA - Town Sports International (NASDAQ: CLUB), a leading owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States, announced the expansion of its boutique brand, BFX Studio, with the opening of its first Boston location at 699 Boylston Street. The launch of BFX Studio Back Bay follows the success of two locations already open in New York City's Financial District and Chelsea section of Manhattan. Read More...

Town Sports International Holdings, Inc. Announces First Quarter 2015 Financial Results
Posted: May 5, 2015 in Chains

NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB), one of the leading owners and operators of health clubs located primarily in major cities from Washington, DC north through New England, operating under the brand names "New York Sports Clubs," "Boston Sports Clubs," "Washington Sports Clubs", "Philadelphia Sports Clubs" and "BFX Studio" announced its results for the first quarter ended March 31, 2015. Read More...

Town Sports International Holdings, Inc. Announces Agreements on Board Composition
Posted: March 24, 2015 in Chains

NEW YORK, NY - On March 24, 2015, Town Sports International Holdings, Inc. (Nasdaq:CLUB) ("TSI" or the "Company") announced that the Board of Directors unanimously approved, effective immediately, the appointment of each of Martin J. Annese, Jason M. Fish, Mark A. McEachen, Patrick Walsh and L. Spencer Wells as members of the Board, and the resignation of Paul N. Arnold, J. Rice Edmonds, John H. Flood III and Kevin McCall. The changes in the Board were made in accordance with two separate agreements by the Company that together involve its three largest shareholders, HG Vora Capital Management, PW Partners Atlas Fund III LP and Farallon Capital Management, L.L.C. In connection with the appointments, the Board increased its size from seven to eight directors, effective immediately. Read More...

Town Sports International Opens Second Luxury Brand Boutique Location in Manhattan’s Financial District
Posted: March 23, 2015 in Chains

NEW YORK, NY - Town Sports International (NASDAQ: CLUB), a leading owner and operator of health and fitness clubs in the Northeast and Mid-Atlantic, announced the expansion of its boutique brand, BFX Studio, with the opening of its second location in NYC's Financial District (FiDi) at 30 Broad Street. The first BFX Studio opened in Manhattan's Chelsea neighborhood in June 2014. Read More...

Town Sports International Holdings, Inc. Expands High Value Low Price Club Model
Posted: March 10, 2015 in Chains

NEW YORK, NY - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB), a leading owner and operator of health clubs in the Northeast and Mid-Atlantic regions of the U.S. wants to give more people the opportunity to have access to its clubs in response to rising health care costs, changing demographics and the fact that nearly 70% of adult Americans are classified as overweight or obese. The company is now offering low monthly rates at select clubs by continuing to modify pricing of facilities to reduced fee memberships labeled High Value Low Price (HVLP). Read More...

Town Sports International Holdings Announces Fourth Quarter and Full-Year 2014 Financial Results
Posted: February 25, 2015 in Chains

NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB), one of the leading owners and operators of health clubs located primarily in major cities from Washington, DC north through New England, operating under the brand names "New York Sports Clubs," "Boston Sports Clubs," "Washington Sports Clubs", "Philadelphia Sports Clubs" and "BFX Studio" announced its results for the fourth quarter and full-year ended December 31, 2014. Read More...

Town Sports International Holdings Announces Management Transition and Engagement of Financial Adviser to Assist in Strategic Review
Posted: February 25, 2015 in Chains

NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB), announced that Daniel Gallagher has been appointed Chief Executive Officer and Robert Giardina has been appointed Executive Chairman of the Board. Mr. Gallagher had been TSI's President and Chief Operating Officer since January 2014, and prior to that the Chief Financial Officer. Mr. Giardina had been TSI's CEO since 2010. The Company also announced that its Board of Directors is evaluating strategic alternatives, including a possible sale of the Company, and has retained Deutsche Bank Securities, Inc. to assist it in this process. Read More...

Town Sports International Announces Participation in the ICR XChange Conference
Posted: January 5, 2015 in Chains

NEW YORK, NY - Town Sports International Holdings, Inc. (NASDAQ:CLUB), a leading owner and operator of fitness clubs operating under the brand names New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs, Philadelphia Sports Clubs and BFX Studio, today announced that management will participate in the 17th Annual ICR XChange Conference held at the JW Marriott Orlando Grande Lakes in Orlando, Florida. Management is currently scheduled to present on Monday, January 12, 2015 at 8:30 a.m. Eastern Time. Read More...

Town Sports International Holdings Adopts Stockholder Rights Plan
Posted: December 31, 2014 in Chains

NEW YORK, NY - Town Sports International Holdings, Inc. (the "Company") (Nasdaq:Club), announced today that its Board of Directors has adopted a stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of the Company's common stock. Read More...

BFX Studio Adds Premium Access To Luxury Private Training Facilities
Posted: December 23, 2014 in Chains

NEW YORK, NY - BFX Studio, the boutique brand of Town Sports International, announced a new premium reservation program - BFX Private Access - for clients. The new concept allows fitness enthusiasts to book time working out in a semi-private environment within its Private Sessions personal training spaces. Read More...

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