SHERIDAN, WYOMING – November 05, 2024 – World Gym International, a leading global fitness franchise, has been acquired by a Taiwan-based group led by Sean Yen, Chairman of True Group. The acquisition, valued at $9 million, marks a new chapter in World Gym's 47-year history.
World Gym, founded in 1976 in Santa Monica, California, has grown to over 230 locations across 23 countries and territories. The brand is known for its commitment to providing a comprehensive fitness experience, with state-of-the-art equipment, a wide range of classes, and a supportive community atmosphere.
The acquisition by the Taiwan-based group is expected to accelerate World Gym's growth trajectory. The group has a strong track record in the fitness industry, with ownership of True Fitness, a leading fitness chain in Asia.
"We are thrilled to welcome World Gym to our family of brands," said Sean Yen, Chairman of True Group. "World Gym is an iconic brand with a rich history and a strong global presence. We are committed to investing in World Gym's growth and development, and we believe that together we can achieve great things."
World Gym's CEO, Lewis Woodrow, expressed his enthusiasm for the acquisition, stating, "This is an exciting time for World Gym. We are confident that this acquisition will provide us with the resources and expertise we need to continue our growth and expansion."
Under the new ownership, World Gym plans to add between 30 and 100 new franchise locations annually. The company will also focus on enhancing its digital offerings, including its mobile app and online training programs.
"We are committed to providing our members with the best possible fitness experience," said Woodrow. "We believe that this acquisition will allow us to further innovate and enhance our offerings, both in our gyms and online."
The acquisition of World Gym International is a testament to the brand's strength and its potential for future growth. With the support of its new owners, World Gym is well-positioned to continue its success in the global fitness industry.
About World Gym International
World Gym International is a leading global fitness franchise with over 230 locations in 23 countries and territories. Founded in 1976 in Santa Monica, California, World Gym is known for its commitment to providing a comprehensive fitness experience, with state-of-the-art equipment, a wide range of classes, and a supportive community atmosphere.
*About True Group
True Group is a leading fitness and wellness company with a strong presence in Asia. The group owns and operates a number of fitness brands, including True Fitness, a leading fitness chain in Asia. True Group is committed to providing its members with the best possible fitness experience and is dedicated to promoting healthy lifestyles.
*Additional Information
* World Gym plans to add between 30 and 100 new franchise locations annually.
* The company will also focus on enhancing its digital offerings, including its mobile app and online training programs.
* World Gym is committed to providing its members with the best possible fitness experience.
* The acquisition of World Gym International is a testament to the brand's strength and its potential for future growth.
*Quotes
* "We are thrilled to welcome World Gym to our family of brands. World Gym is an iconic brand with a rich history and a strong global presence. We are committed to investing in World Gym's growth and development, and we believe that together we can achieve great things." – Sean Yen, Chairman of True Group
* "This is an exciting time for World Gym. We are confident that this acquisition will provide us with the resources and expertise we need to continue our growth and expansion." – Lewis Woodrow, CEO of World Gym