Tuesday, February 12, 2013

Fitness First to expand across Middle East with $150m injection


The world's largest health club chain plans to expand its Middle East network this year with new branches in the UAE, Saudi Arabia, Kuwait, Qatar and Turkey.
Fitness First, which is operated under franchise by Landmark Group in the Middle East and North Africa (Mena), currently has 38 branches in the region.

That number is set to expand to 100 over the next three years as a result of a US$150 million (Dh550.97m) injection of equity into the business by Fitness First.

"Going forward our core areas of expansion will be Saudi Arabia, Abu Dhabi ... and Kuwait," said Praveen Bhatnagar, the chief executive of Landmark Hotels and Wellness, in Dubai yesterday.

Read more: http://www.thenational.ae/news/uae-news/health/fitness-first-to-expand-across-middle-east-with-150m-injection#ixzz2KfP88w2W

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