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Gold’s Gym Chain Sells for $100M in Bankruptcy Auction
Berlin-based RSG Group GmbH is set to acquire Gold’s Gym for $100 million in a court-approved auction process. The Dallas-based fitness chain filed for bankruptcy in early May.
Branching out from its McFIT brand into 17 fitness and lifestyle brands, RSG has been active mainly in Europe up until now. The Gold’s Gym deal, subject to final bankruptcy court approval, will add 61 company-owned gyms and more than 600 franchise locations to RSG’s portfolio.
“Gold’s Gym is a fitness institution that had a major influence on the industry’s development,” said Rainer Schaller, RSG’s founder and CEO. “It was a huge source of inspiration when I was setting up my first McFIT studio in Würzburg, Germany back in 1997. I am incredibly proud that, in partnership with their current leadership team, we will be able to breathe new life into this iconic brand under the umbrella of the RSG Group.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
