Fitness club merger sees creation of Evolution Wellness
by Deven Pamben | 01 Mar 2017
Simon Flint, Fitness First Asia chief executive officer, has become head of Evolution Wellness
Celebrity Fitness and Fitness First Asia have merged to create one of the largest fitness club networks in Asia.
The new entity, Evolution Wellness, will comprise 152 wholly-owned fitness clubs across the continent, serving 400,000 members with a combined staff of 7,000.
Fitness First Asia has clubs in Hong Kong (9), Indonesia (11), Malaysia (12), Philippines (13), Singapore (17) and Thailand (28). Celebrity Fitness has operations in Malaysia (23), Indonesia (35) and Singapore (4).
Celebrity Fitness and Fitness First Asia recorded revenues of US$76million (£61.4m, €72.1m) and US$219m (£176.9m, €207.7m) respectively for the 2016 financial year.
Simon Flint, Evolution Wellness chief executive, said: “We’re turning the page and beginning an exciting new chapter for Celebrity Fitness and Fitness First.
“Joining forces will allow us to operate with increased scale, reach, and efficiency, to enhance our members’ experience through the continued expansion of our club networks, faster innovation and product evolution, as well as improved service standards.
"I am honoured and proud to be leading this team; this merger creates a unique opportunity to build on the success of both brands, and I am confident we will further energise the Asia fitness market with the collective expertise and experience we now have as one unified team.”
Evolution Wellness’s plans include improving member access privileges across the network and adding new locations.
Martin Darby, Celebrity Fitness chief executive officer, said: “Celebrity Fitness and Fitness First complement each other in their distinctive brand identities and market positioning. This merger will enable both brands to expand faster and move into new Asian countries. I look forward to assisting Evolution Wellness with this strategic expansion.”
Oaktree, a global investment firm, and Navis, a private equity company, will own an equal share in Evolution Wellness.
In September, DW Sports bought Fitness First UK and its 62-club portfolio.
Fitness First merger
Celebrity Fitness and Fitness First Asia have merged to create one of the largest fitness club networks in Asia. The new entity, Evolution Wellness, will comprise 152 wholly-owned fitness clubs across the continent, serving 400,000 members with a combined staff of 7,000. Fitness First Asia has clubs in Hong Kong (9), Indonesia (11), Malaysia (12), Philippines (13), Singapore (17) and Thailand (28). Celebrity Fitness has operations in Malaysia (23), Indonesia
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