Business Growth Fund invests in UK discount providers Xercise4Less

industry news fitness

PLC Business Growth Fund (BGF ) has been involved in Xercise4Less , a UK Discount fitness provider with an investment of 6 million euros . The injected capital of BGF is to enable the management to achieve its ambitious 5-year rollout plan.

Jon Wright, Xercise4Less founder and CEO explained that the commitment of BGF give the financial and operational capacity to carry out the expansion at a critical time for the market. Costs remained an important criterion for consumers, but he tries to make sure that the members have benefited from many value-added services and that the company wins a large share of customers in the market. The chain (founded in 2006) has nine sites, which are located mainly in the north of England, with over 80,000 members and 250 employees. The company's turnover amounted to € 9 million in the last year.

Source: Xercise4Less
Pictures: Xercise4Less

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