3 August: DW Sports fell into administration, closing its retail website immediately and risking the closure of its 150 gyms and shops.
Are DW Fitness First gyms closing?
All of its stores are to close, but DW said it would work with administrators BDO to save as many gyms as possible. Fitness First and its 43 gyms, which are part of the same group of companies, will not be affected, the firm said.
Is DW gym Derby closing down?
A well-known sports shop in Derby is to shut down after nearly 20 years of trading. The DW Sports store, at Pride Park, will close its doors for good at some point over the next two to four weeks. Earlier this week, the national firm appointed administrators, and announced it would be winding down its retail business.
Has DW gyms been bought?
David Whelan’s retail and fitness business DW Sports collapsed into administration this month and was bought by hungry high street acquisition king Mike Ashley. … Administrators from BDO said 43 of DW Sports’ 73 gyms and 31 of its 50 shops had been transferred to the Frasers Group retail empire.
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.
What are DW gyms called now?
Sports Direct parent company Frasers Group has bought the gyms business of DW Sports out of administration for £37 million and will rebrand them as Everlast Fitness Clubs. The company – full name Dave Whelan Sports – was declared insolvent in August and BDO appointed to manage its assets.
Who owns DW Sports gym?
DW Sports, which is owned by Wigan Athletic owner Dave Whelan, operates 73 gyms and 75 retail sites across the UK.
Does goodlife own Fitness First?
The Australian arm of Fitness First was sold in 2016 to the Fitness and Lifestyle Group, a holding company which also owns Jetts Fitness, Goodlife Health Clubs and Hypoxi and is majority-owned by Quadrant Private Equity and partially-owned by Oaktree.
Who are the administrators for DW Sports?
Graham Newton and Ryan Grant of BDO LLP were appointed Joint Administrators of Dave Whelan Sports Limited on 3 August 2020.
What happened Fitness First?
Fitness First remains a separate company and its 43 clubs are unaffected by the administration of DW Sports. We are working with the administrators to save as many DW Sports gyms as possible, but it is inevitable that some will close.
What companies do Frasers group own?
Frasers Group plc formerly known as Sports Direct International sells a wide range of clothing, footwear, and athletic accessories for sports and outdoor activities. Its brands partners are Nike, adidas, and Puma. Its owned brands include Lonsdale, Karrimor, Slazenger, and Everlast.
How much did Mike Ashley pay for House of Fraser?
Analysis. With the benefit of hindsight, buying House of Fraser looks to Mike Ashley like buying a millstone and tying it around his own neck. He paid £90m to the administrators and has seen his Sports Direct profits reduced by £51m since then. That’s been the cost of keeping House of Fraser going.