Health and Fitness Club Industry News: Chains
Thursday, June 1st, 2023
Gold’s Gym Chapter 11 Restructuring: Official Statement
Posted: May 4, 2020 in Chains
DALLAS, TX - GGI Holdings, LLC and its affiliates (“Gold’s Gym”) filed voluntary petitions for relief under Chapter 11 in an effort to facilitate the financial restructuring of the company. This pre-negotiated filing will enable us to emerge stronger and ready to grow, and it is our intent to be on the other side of Chapter 11 by August 1, if not sooner. Read More...
Gold’s Gym Temporarily Closes All Company-Owned Locations Amid COVID-19 Outbreak
Posted: March 17, 2020 in Chains
DALLAS, TX - Gold's Gym has made the decision to temporarily close all company-owned Gold's Gym locations in the U.S., including Texas, Oklahoma, St. Louis and Carolina gyms through March 31, 2020, to do its part in slowing the spread of the coronavirus (COVID-19). Privately-owned franchised gyms will make their own determinations on when and whether to close and are watching this situation very closely. All Gold's Gym locations have focused on stepping up all sanitary procedures and practices to protect their members and team members in response to the public health crisis. Read More...
Former Gold’s Gym Executive Turns Franchisee with Acquisition of 24 Company-Owned Locations
Posted: March 3, 2020 in Chains
DALLAS, TX - Gold's Gym, a trusted fitness authority, has announced that former Senior Vice President of Eastern U.S. Operations and longtime Washington D.C. resident, Matt Clifford, along with Gold's Gym corporate veterans, Brenda Jorgensen and Josh Fuglsby, has purchased the franchise rights to 24 company-owned gyms throughout the D.C. area. CFJ Holdings is the newest addition to the brand's portfolio of area franchisees, which now collectively covers more than 40 Gold's Gym locations across D.C., Maryland and Virginia. Read More...
Gold’s Gym Opens in Oxnard, California
Posted: January 22, 2020 in Chains
LOS ANGELES, CA - Gold's Gym, the world's trusted fitness authority, is set to open its latest state-of-the-art gym in Oxnard on Febuary 1, 2020. As the 20th facility opened by Gold's Gym franchisees Angel and Willy Banos (CEO and COO respectively of Gold's Gym SoCal), the new facility is poised and ready with the highest quality of amenities to help Oxnard locals continue pursuing their 2020 fitness goals. Read More...
Gold’s Gym Celebrates Strongest Year of Worldwide Growth in Company History
Posted: January 15, 2020 in Chains
DALLAS, TX - Gold's Gym, one of the world's trusted fitness authorities, finished 2019 with a record-setting 22 U.S. franchise agreements finalized and a total of 35 grand openings worldwide in the year. Also throughout 2019, Gold's Gym worked to consolidate and optimize brand ownership through franchisee acquisition of company-owned clubs. Gold's Gym SoCal franchise group acquired two facilities, and Gold's Gym Tennessee acquired eight. Read More...
Gold’s Gym Names Restorative Fitness 2020’s Top Fitness Trend
Posted: December 2, 2019 in Chains
DALLAS, TX - Gold's Gym, a trusted fitness authority since 1965, has identified restorative fitness as the top fitness trend for 2020 that will shape how America works out in the next year. Restorative fitness will bring a welcome balance to gymgoers who dove headfirst into 2019's HIIT (high-intensity interval training) trend and are currently experiencing burnout and overtraining injuries. Restorative fitness centers on the idea that the body goes through a cycle of stress and recovery, and high-intensity workouts aren't effective when the body is stressed, as from an intense workout. Read More...
Gold’s Gym Franchisee Association Names 2019 Bravo Award Winner
Posted: October 9, 2019 in Chains
NEW YORK, N.Y. - The GGFA presents the Bravo Award annually at the GGFA Owners’ Conference to a Franchisee who has consistently provided their peers with excellence in leadership. The recipient clearly serves the Gold’s Gym Brand with integrity and dedication. They serve the interests of the GGFA goals as well as the good of the general membership. The Executive Board of Directors nominates a candidate and a vote takes place to select the recipient. Mary Zampetti has served on the prestigious GGFA Advisory Board since 2009 and the Gold’s Gym Advertising Advisory Council for two years. She is the first female recipient. Read More...
Gold’s Gym Gives Fitbit Devices a Workout and Coaching Boost
Posted: September 19, 2019 in Chains
DALLAS, TX - GOLD’S AMP, the digital personal training app powered by Gold’s Gym, has officially launched an exclusive version of the popular coaching app designed for the Fitbit Versa, Fitbit Versa Lite and Fitbit Ionic smartwatches, the global wearable brand’s first gym partnership. The GOLD’S AMP for Fitbit addition to the Fitbit App Gallery provides users with more enhanced tools and experiences to help maximize their health and fitness as well as achieve their personal goals. Read More...
Gold’s Gym Honors Top Franchisees During 2019 Global Convention
Posted: August 27, 2019 in Chains
DALLAS, TX - Gold’s Gym, a trusted fitness authority, announced during its annual Global Convention in Las Vegas the 2019 winners of the brand’s most prestigious franchising awards. Among some of the most notable awards distributed were Franchisees of the Year, Gold’s Vision awards and a new induction to the Gold’s Gym Hall of Fame. Read More...
Gold’s Gym Finalizes Master Agreement for Australia and New Zealand
Posted: August 15, 2019 in Chains
DALLAS, TX - Gold's Gym, a trusted fitness authority, recently entered into a new master franchise agreement for brand development in Australia and New Zealand with Australian investment group Colour Capital. According to the deal, Colour Capital's development commitment entails a minimum of 30 new locations in Australia and a minimum of 10 new locations in New Zealand. Read More...
Gold’s Gym International Continues Long-Term Vision for Growth in the United Arab Emirates and Oman
Posted: July 16, 2019 in Chains
DALLAS, TX - Gold's Gym, one of the world's trusted fitness authorities, has announced that it has parted ways with former master franchisee Al Ahli Holding Group in the United Arab Emirates and Oman. As franchisor, Gold's Gym is currently working to support the continued operations of the affected sub-franchisee-owned and operated Gold's Gym locations in the UAE and Oman. In the meantime, operations of these 14 locations will continue under existing management. Read More...
Gold’s Gym Names 2019 Winners In Its Annual 12-Week Challenge
Posted: June 11, 2019 in Chains
DALLAS, TX - Gold's Gym, a trusted fitness authority, has chosen 30 national winners of the Gold's Gym Challenge, its signature 12-week body transformation challenge offered exclusively to Gold's Gym members. Gold's Gym Challenge winners received $100,000 in cash prizes for their incredible and inspiring results. The Gold's Gym Challenge is a collaboration between Gold's Gym and the Gold's Gym Franchisee Association. 2019 Gold's Gym Challenge sponsors included C4, Dymatize, Muscle Milk and Matrix Fitness. Read More...
Gold’s Gym Celebrates National Best Friend Day With a Week of Free Workouts and Classes
Posted: May 29, 2019 in Chains
DALLAS, TX - Friends who sweat together are more likely to stay fit together, according to a 2016 study, and that's why Gold's Gym is celebrating National Best Friend Day with an entire week of free workouts and classes for friends, no membership required. Beginning on National Best Friend Day, Saturday, June 8, through Friday, June 14, friends (ages 18 and older) can simply check in together at their nearest Gold's Gym to enjoy state-of-the-art cardio and strength equipment, dynamic group exercise classes and more. Read More...
Gold’s Gym Appoints Craig Sherwood Chief Development Officer
Posted: April 2, 2019 in Chains
DALLAS, TX - Gold's Gym, a trusted fitness authority, has promoted Craig Sherwood to Chief Development Officer. Sherwood brings more than 20 years of franchise development experience across a variety of industries to this new and expanded role. As Chief Development Officer of Gold's Gym, Sherwood will maintain overarching responsibility for the brand's franchise community and licensing programs while spearheading the charge to expand the brand's international footprint through master franchising. Read More...
Gold’s Gym Recognized as Industry Leader During 2019 IFA Convention
Posted: March 12, 2019 in Chains
DALLAS, TX - Gold's Gym, a trusted fitness authority, is the winner of this year's Global Franchise Award for Best Fitness Franchise, marking the second consecutive year the brand has been recognized as the overall winner of this award in its category. Craig Sherwood, Gold's Gym Senior Vice President of Franchise and Licensing, accepted the award on behalf of the brand during the 2019 International Franchise Association ("IFA") Convention, which was held February 24 - 27 in Las Vegas, Nevada. Read More...
TRT Holdings, Inc. To Maintain Ownership And Reinvest In Gold’s Gym
Posted: February 22, 2019 in Chains
DALLAS, TX - TRT Holdings, Inc., the majority shareholder of Gold's Gym since 2004, says that it has chosen to retain its ownership and reinvest in the iconic brand, and it has brought back former Chief Information Officer Adam Zeitsiff to the company in a new role as president and CEO, effective immediately. TRT had announced in July of 2018 it would explore a possible sale of the company. Read More...
Gold’s Gym Paramus Owner Mike Epstein Named A North Jersey Hometown Hero
Posted: January 15, 2019 in Chains
PARAMUS, N.J. - Mike Epstein, franchise co-owner of Gold’s Gym Paramus, was recognized last month by U.S. Congressman Josh Gottheimer as one of 42 North Jersey “Hometown Heroes.” Epstein was nominated for the honor by Mayor Richard LaBarbiera who is an advocate for the impact that Epstein has made in the community. Read More...
Gold’s Gym Announces Strongest Quarter of Worldwide Growth in Company History
Posted: October 23, 2018 in Chains
DALLAS, TX - Gold's Gym, a globally trusted fitness authority, has announced a record-setting third quarter, the largest for franchise development in company history. The global franchise celebrated nine international openings, renewed master franchise agreements for Saudi Arabia and United Arab Emirates and signed a new master franchise agreement to enter Turkey. In addition, Gold's Gym celebrated one domestic grand opening and signed franchise agreements for multiple locations across three states in the U.S. Read More...
Gold’s Gym Awards Matrix Fitness 2018 Vendor of the Year for Equipment
Posted: August 21, 2018 in Chains, Suppliers
COTTAGE GROVE, WI - Johnson Health Tech North America, Inc. announced that its commercial brand, Matrix Fitness, was awarded the 2018 Gold’s Gym Equipment Vendor of the Year, its fifth such honor in the past nine years. Gold’s Gym franchisees from 29 states and 28 countries ranked vendors in several areas, such as customer satisfaction and overall product quality, to name Matrix Fitness the Vendor of the Year in the Equipment category. Read More...
TRT Holdings, Inc. Exploring Possible Sale of Gold’s Gym
Posted: July 20, 2018 in Chains
DALLAS, TX - TRT Holdings, Inc., the majority shareholder of Gold's Gym since 2004, says it will put the iconic fitness brand up for sale to focus more on its core business. It has retained Piper Jaffray & Co. to conduct a sales process. During its partnership with TRT Holdings, Gold's Gym has grown to 700+ locations across six continents and has differentiated the brand through a series of new fitness offerings, including GOLD'S STUDIO, the company's signature boutique-style fitness classes, BOOTCAMP large group training classes and 3D body scanning technology. With a core focus on innovation and expanding the brand's reach beyond the four walls of the gym, Gold's Gym also recently launched GOLD'S AMPTM, the first digital personal training and music app from a brick-and-mortar gym. Read More...
