Holmes Place in joint venture with Bally Total Fitness

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Holmes Place in joint venture with Bally Total Fitness

4 Dec 2001 . BY

Holmes Place has agreed a joint-venture agreement with Bally Total Fitness to develop Holmes Place clubs in the USA and Bally clubs in Europe.

Bally and Holmes Place will each acquire a 50 per cent interest and will share equally in the profit and loss of the business.

The agreement covers the opening of two Holmes Place clubs in Chicago and three Bally clubs in central Europe. Initial total cash investment will be £11m with Holmes Place investing £5.5m in two tranches. Together we believe we can create a profitable business with long-term value for our shareholders, said Allan Fisher, chief executive of Holmes Place.

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PRODUCT NEWS

Holmes Place in joint venture with Bally Total Fitness

4 Dec 2001 . BY

Holmes Place has agreed a joint-venture agreement with Bally Total Fitness to develop Holmes Place clubs in the USA and Bally clubs in Europe.

Bally and Holmes Place will each acquire a 50 per cent interest and will share equally in the profit and loss of the business.

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We Work Well founders Monica Helmstetter and Lucy Hugo have called on ISPA members to join their annual SpasPushingLimits charity hike in Phoenix, Arizona, on 22 April.

MyEquilibria combines art and outdoor exercise

"We summarise what we do in two words – functional art," says Gian Luca Innocenzi, CEO and founder of MyEquilibria, which specialises in high-end outdoor exercise equipment.

Sothys launches pro-ageing Sun Range

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