Is DW gym closing?
DW Sports – 1,700 jobs at risk
3 August: DW Sports fell into administration, closing its retail website immediately and risking the closure of its 150 gyms and shops.
What is happening to DW gyms?
However, Ashley has not acquired the DW Sports name. The gyms acquired will be re-branded under the Everlast Fitness Club brand already owned by Frasers Group. Ashley’s retail empire said the deal “complements” its existing gym and fitness club portfolio. Mike Ashley is the chief executive of Frasers Group.
Is DW Coatbridge closing down?
The club has seen many changes since lockdown first began in March including rebranding as their original owners, DW Sports, were bought over in August bringing them out of administration. The DW store located above the Coatbridge club officially closed on 14 August.
Is DW Fitness First going into administration?
DW Sports is going into administration saying it’s working to save its 73-strong gym portfolio. HCM understands administrators will be appointed this afternoon. Fitness First remains a separate company and its 43 clubs are unaffected.
Why did DW Sports Fail?
“As a consequence of Covid-19, we found ourselves in a position where we were mandated by government to close down both our retail store portfolio and our gym chain in its entirety for a protracted period, leaving us with a high fixed-cost base and zero income,” chief executive Martin Long said.
Who owns Fitness First gyms?
|Area served||17 countries|
|Key people||Oren Peleg, CEO|
|Services||Health and wellness services|
|Owner||DW Sports Fitness (UK) Evolution Wellness (Asia) Fitness and Lifestyle Group (Australia) Landmark Group (Middle east)|
Who owns SDI?
On 22 August 2020, the Joint Administrators exchanged contracts with SDI Fitness (DW) Limited (‘SDI’), part of Frasers Group PLC, for the sale of the Company’s business as a going concern, with a completion date of close of business on Sunday 23 August 2020.
Who owns the Fraser group?
|Trade name||Frasers Group|
|Net income||£101.0 million (2020)|
|Owner||Mike Ashley (61.7%)|
|Number of employees||19,962 (2020)|
How many DW gyms are there in the UK?
In 2016, DW Sports Fitness acquired all 62 Fitness First clubs in the UK from Oaktree Capital Management, selling 14 of those and continuing to operate 48 under the Fitness First brand. As of August 2020 DW Sports Fitness operate 73 gyms, 43 of them under the Fitness First brand.
Can you still shop at DW Sports?
DW Sports said it will now wind down its retail business for good, with its website ceasing trading with immediate effect and closing-down sales starting at its 50 remaining stores. The shops will then close permanently by the end of this month.
Is DW Sports Dundee still open?
DW Sports store and fitness club in Dundee. … Two Dundee sports shops are to close as its owner said Covid-19 had forced it to enter administration. DW Sports said it expects to appoint insolvency specialists today as its income was wiped out during closure during lockdown.
Who is the owner of DW Sports?
DW Sports, which is owned by Wigan Athletic owner Dave Whelan, operates 73 gyms and 75 retail sites across the UK.
Can I freeze my DW membership?
You can request to freeze your membership by completing the freeze request details in the ‘My Membership’ section of the website. We will send you confirmation by email once we have processed your freeze. Please tell us if you do not receive this.