Is DW gym closing down?
3 August: DW Sports fell into administration, closing its retail website immediately and risking the closure of its 150 gyms and shops. 20 July: The high street stalwart cuts management jobs in stores as well as head office roles related to property and store operations.
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.
What does DW stand for in DW Sports?
www.dwfitnessclubs.com. DW Sports Fitness was a British retailing and fitness business, founded as a result of Dave Whelan’s purchase of 50 JJB Sports fitness clubs with attached retail stores for £83.4 million in March 2009.
Is DW Sports the same as Sports Direct?
Mr Ashley’s Frasers Group, which owns Sports Direct, Evans Cycles, Lillywhites and House of Fraser, said it would pay £37m for parts of the assets of DW’s gym and fitness business, as well as some of the company’s stock, but not the brand name or intellectual property.
Why did DW Sports close?
“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 DW gym?
DW Sports, which is owned by Wigan Athletic owner Dave Whelan, operates 73 gyms and 75 retail sites across the UK.
Who took over DW Fitness?
Mike Ashley’s Frasers snaps up DW Sports from administration for £37m. M ike Ashley’s Frasers Group, which owns Sports Direct, has snapped up the assets of Dave Whelan Sports from administration for £37 million.
Why did DW Sports Fail?
The unprecedented coronavirus and its lockdown impacted the company through its lengthy closure of stores and gyms, wiping out its income. As a result, it has been decided that insolvency specialists will be appointed. DW Sports is a sports retailer and gym group.
Is Everlast gym owned by Sports Direct?
The gyms have been acquired by Frasers Group, owned by Ashley – whose other assets include gym chain, Everlast, retail brand SportsDirect and Premier League football club Newcastle United. Frasers said the acquisition complements the existing gym portfolio and that it will operate the sites under the Everlast brand.
Who took over DW gym?
Less than two weeks after Frasers Group – of which Ashley is the majority owner – initially placed a bid on DW Sports, it acquired certain assets from its competitor for £37 million. 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.
How many DW Sports stores are there?
S ports retail tycoon Mike Ashley this week spent £37 million buying assets from bust DW Sports, the business founded by his longstanding rival Dave Whelan. The move by Ashley’s Frasers group saved 922 jobs as he snapped up 46 of its gym leisure clubs and 31 shops, some of which are combined on the same site.