LA Fitness

LA Fitness

LA Fitness is a privately-owned American health club chain

History

LA Fitness was founded in 1984 by its current executive management team to purchase and operate under performing fitness clubs. Through the mid-1990’s, the company grew its club portfolio both by acquiring and turning around existing clubs and by developing, opening and operating newly constructed properties. In 1995, LA Fitness designed and built a new 45,000-square-foot multipurpose health and fitness club that has become the company’s signature look. LA Fitness then expanded its in-house development efforts for additional prototype clubs. In 1998, with 12 proven prototype clubs in Southern California and Arizona, the company rapidly increased the rate of new club development and rolled out its concept into several new geographic regions

On May 21, 2007, Madison Dearborn Partners announced that it acquired a 20% stake in L.A. Fitness International, from Seidler Equity Partners, CIVC Partners, and the management of the company for consideration of $600 million.

Criticism

LA Fitness is known to conduct questionable billing practices. Firstly, they require all cancellations to be done via postal mail. Such cancellations are often misplaced and credit cards will continue to be billed. Even in cases when cancellation has been confirmed via return mail billing has continued.

References

External links

Search another word or see LA Fitnesson Dictionary | Thesaurus |Spanish
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;