Press Coverage: The Gym Group IPO
The Gym Group, a low-cost gym business that Bridges built alongside entrepreneur John Treharne, was listed successfully on the London Stock Exchange this month, valued at £250m. Founded in 2008, Bridges has worked intensively to roll-out a group that now operates 66 gyms in the UK, with revenues of £45m last year.
The Gym has proved to be a truly disruptive business. Its flexible, affordable proposition (which includes a low monthly price point, no membership contract and 24/7 opening) has helped to attract an entirely new demographic of gym users: since 2008 it has already signed up over 360,000 members, a third of whom have never been members of a gym before. By promoting healthier lifestyles, it’s helping to tackle one of the UK’s biggest public health problems – the rise of chronic conditions linked to physical inactivity.
The company’s IPO gained significant coverage across the nationals and trade press. You can find a selection of this coverage below.