Printer Friendly

Bannatyne powers on with new deal.

DARLINGTON-BASED heath club group Bannatyne Fitness has placed a multi-million-pound order for fitness equipment across its chain.

The firm, headed by TV Dragon and Tees Valley-based entrepreneur Duncan Bannatyne, has signed a four-year agreement with Technogym to supply equipment to its clubs.

The deal, which is worth pounds 6m over four years, is the renewal of a previous contract between Technogym and Bannatyne's, signed in 2005.

Technogym has an agreement to supply both new and existing Bannatyne's sites.

It will supply a mixture of strength, free weights and cardiovascular equipment exclusively until 2013.

Nigel Armstrong, managing director of Bannatyne Fitness, says: "Technogym continues to meet our high standards for quality, reliability and innovation and I am pleased to continue our relationship.

"It is important that our equipment supplier provides our members with an unrivalled exercise experience and the feedback we have received from our clubs has been very positive," he added.

Bannatyne's has more than 60 health clubs across the UK including sites in Darlington, Ingleby Barwick and Coulby Newham.

Earlier this year the Darlington-based chain more than doubled profits with a pre-tax figure of pounds 9.7m for 2008 - up from pounds 4.3m in 2007.


POSITIVE FEEDBACK: Nigel Armstrong, managing director of Bannatyne Fitness
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Evening Gazette (Middlesbrough, England)
Date:Aug 21, 2009
Previous Article:Pay deals take a hit during recession.
Next Article:Analox launches lifesaver.

Related Articles
pounds 73m deal.
Business chief cuts off funds to Labour.
Bannatyne's pounds 1m upgrade for fit clubs.
Hotel No 2.
TV DUNCAN LIVING IT UP; Dragon's Den star buys gyms.
Dragons' Den star buys health clubs for pounds 90m.
Bannatyne's in pounds 90m club deal.
pounds 90m deal is good fit; LEISURE: Dragon's Den boss buys health clubs.
Humble beginnings to healthy profit.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters