Monday, May 10, 2010

Virgin Active Sees Rise in Revenues

“Health club operator Virgin Active has said it recorded annual earnings of more than £100 million for the first time in its 10-year history. The group, which has 71 clubs in the UK and 187 sites in total, saw a 15% rise in revenues to £391 million after lifting membership by 4% to 919,000. Virgin Active chief executive Matthew Bucknall said: ‘The trend that we have seen throughout the recession confirms our opinion that health and fitness has become a core aspect to people's lives.’ The company, which is majority owned by Sir Richard Branson's Virgin Group, said its UK business ‘demonstrated its resilience’ during 2009.”

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