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UK'S FITNESS FIRST PLANNING TO EXPAND AUSTRALIAN BUSINESS.
SYDNEY, Oct 1 Asia Pulse - The world's second largest health club chain believes Australia has the potential for more than 100 of its Fitness First gyms across the country.
The Australian subsidiary of Britain's Fitness First UK today said it had turned its business around, forecasting net profit of A$15 million (US$10 million) from revenue of A$131 million for the current financial year.
The company has forecast earnings before interest and tax (EBIT) of A$25 million.
"It is the most successful chain and the largest ever," Fitness First Australia managing director Tony De Leede said.
"Ninety-nine per cent of our people pay monthly and so we have this wonderful thing called cash flow which ensures that we have enough funds to run the business properly."
Fitness First bought the insolvent Healthlands Australia gyms in November 2000. Healthlands was then losing around A$1 million a month with its 11 gyms.
Fitness First now operates 30 gyms across four states with plans to grow to more than 100 sites over the next few years.
- Pakistan fail to take de Leede.
- Newspaper article from: The Evening Standard (London, England) February 25, 2003 700+ words
...outsiders Holland in Paarl today. Taufeeq Umar and Saeed Anwar shared an opening stand of 61 before Anwar was caught off Tim de Leede for 25 in the 14th over. Pakistan face India in a make-or-break Pool A clash at Centurion on Saturday.
- Newport Beach, Calif.-Based L.A. Fitness to Buy Atlanta-Area Health...
- Newspaper article from: Knight Ridder/Tribune Business News DeGross, Renee June 16, 2000 700+ words
...Atlanta's largest fitness chain. A franchise...is owned by Tony de Leede. The chain has more...held. Norris said de Leede will not be part...other interests. De Leede was unavailable for comment. L.A. Fitness is also planning...
- Fitness flexes ad muscle.
- Newspaper article from: Australasian Business Intelligence August 15, 2006 700+ words
...is controlled by Active Media Group, which is owned by Michael Ryan and Tony de Leede, the latter being the MD of Fitness First. De Leede states that Fitness First could be earning $A10 million a year by August 2009. Publication Date...
- Fitness First directors to reinvest 15m [pounds sterling].
- Magazine article from: Leisure Report April 1, 2003 700+ words
Fitness First directors who will share...James McGoldrick and Tony de Leede. Christopher Pearce, currently...that the board is selling Fitness First too cheaply, since...operators, Holmes Place and LA Fitness, had both fallen sharply...
- Fitness First looking healthy.
- News wire article from: Australasian Business Intelligence October 1, 2003 700+ words
...Australian subsidiary of Fitness First UK has forecast net...expects EBIT of $A25m. Fitness First Australia managing director, Tony De Leede, said the company has a...yoga, pilates and tai chi. Fitness First is the second-largest...
- Fitness First dumps FPC in marketing strategy overhaul.
- News wire article from: Australasian Business Intelligence July 19, 2005 700+ words
...Weekly - ABIX via COMTEX) Fitness First has reviewed its advertising arrangements. Tony de Leede, managing director of the company, said Fitness First decided not to renew...house. This move is part of Fitness First's strategy to consolidate...
- New gym puts fitness in the fast lane.
- News wire article from: Australasian Business Intelligence January 4, 2002 700+ words
...first express gymnasium when Fitness First opens its X-Press Club...director of the company, Tony de Leede, said faster workouts would...utilise cycle rooms and circuit fitness routines. Fitness First plans to offer similar...
- Cricket World Cup: ENGLAND GET BACK ON TRACK.(ROP)
- Newspaper article from: Birmingham Evening Mail (England) February 17, 2003 700+ words
...straight to Craig White, who passed a fitness test on his side strain, in the gully...resistance in middle order batsman Tim de Leede. As Holland's most experienced one...Vaughan was the first to fall, edging to de Leede at slip during van Bunge's first over...
