06/05/2026
GFH
The official group of AUFP Inc.
06/05/2026
Amid claims that pandemic lockdowns pushed the company into heavy debt, it’s worth asking how we actually ended up here. Fitness First continues to pull fortnightly direct debits from members while boasting record membership numbers, and it charges trainers some of the highest rental fees in the industry. Yet many clubs remain outdated and untouched by refurbishment.
This is now the third financial collapse the brand has faced. From a national peak of 95 clubs, Fitness First has shed nearly half its footprint in recent years — including the closure of its flagship Bondi Junction site.
19/11/2025
Quadrant Private Equity’s Fitness & Lifestyle Group (FLG) is struggling under heavy debt and ongoing losses, despite being the Asia-Pacific’s largest gym operator. Quadrant is now considering a sale of its portfolio, including Fitness First and Jetts, while restructuring debt to buy time for recovery.
Formed in 2016 by Quadrant Private Equity, Fitness & Lifestyle Group (FLG) has grown into the Asia-Pacific’s largest gym operator. The portfolio spans Goodlife Health Clubs, Fitness First Australia, Jetts Fitness, Zap Fitness, Barry’s Bootcamp (Australia), and Emily Skye FIT, with more than 330 locations across Australia, New Zealand, Thailand, and Singapore.
The pandemic saddled Fitness & Lifestyle Group (FLG) with debt exceeding $2 billion, and while sales rose 5% to $685.6 million in 2024, losses remained steep at $222 million, down from $290.7 million the prior year. Financial strain persisted into 2025, with the group still reporting a $161.2 million loss.
Quadrant has restructured FLG’s debt to extend repayment timelines and ease immediate pressure, while also preparing a formal auction of the portfolio. JPMorgan is advising on a two-stage sale process aimed at positioning the group’s assets for potential buyers.
Fitness First Australia and Jetts Fitness are expected to be the first assets put on the market, with the broader sale process likely extending to all six brands within Fitness & Lifestyle Group.
Membership growth has strengthened, yet profitability remains out of reach, with FLG’s future hinging on whether expansion can balance its heavy debt load. Quadrant’s planned sale indicates a likely move to exit rather than commit further investment.
FLG is the largest gym operator in Asia-Pacific but remains loss-making despite growth in sales. Quadrant is restructuring debt and preparing a major sale of assets, signaling that the firm faces “more heavy lifting” before the business stabilises.
Prior to the pandemic, Quadrant sought $1 billion for its fitness portfolio but declined a $900 million offer from an Asian buyer.
Fitness First owner sweats under $2.2bn debt despite record membership Quadrant Private Equity’s Fitness and Lifestyle Group is banking on a hard-won debt refinancing to keep it afloat, even as it continues to book hefty losses more than four years after Covid-19 shutdowns hammered the fitness sector.
The Federal Court will hear ASIC’s application to shut down Derrimut’s Health & Fitness Pty Ltd tomorrow. 🏛️
22/07/2025
Former employees close to upper management have described Crunch as “amateur,” “unprofessional,” and hypocritical in upholding Christian values while engaging in questionable conduct. Notably, they sold 18-month memberships prior to the Revo takeover—despite knowing Revo doesn't offer classes—and reportedly cancelled a large percentage of sessions in the final weeks to reduce exit costs. Crunch reportedly plans to launch "Crunch 3.0" across New Zealand and additional Australian states.
Eight Crunch gyms sold to Revo Fitness in expansion drive Perth-based Revo Fitness has strengthened its national presence by acquiring eight Crunch Fitness Australia locations in Victoria, advancing its target of opera
23/06/2025
Since OneMusic lacks the authority to take action against health club chains that play licensed music, while privately owned clubs bear the costly fees, how do you propose to ensure fairness in this situation where no action has been taken?
MYTH ❌: ‘Royalties’ are what is paid to music creators when their copyright-protected music is used, particularly by other people. For instance, by radio stations, on TV or when played ‘in public’ by a business.
OneMusic keeps track of the music being played in a huge database that has been collected from music users across Australia, including from radio stations, TV broadcasts, music streaming services and live performances.
OneMusic then pays APRA AMCOS and PPCA the licence fees it collects so that they can pay ‘royalties’ to help music creators continue their work.
Read more: https://onemusic.com.au/news/myth-busting-onemusic/?utm_source=instagram&utm_medium=social&utm_campaign=om_mythbusters_campaign
Hope you're enjoying the long weekend! A reminder that weekends, the eight-hour workday, and most types of leave were fought for and won by unions. If you’re not for unionisation, well—you’re not for the weekend either. Best you get back to work. 😊
13/05/2025
We’re working to ensure non-compliant gyms pay the super they owe—plus the maximum 200% penalty for knowing noncompliance, backed by documented proof. We’re also engaging local media to expose your business practices to the community and your members. Your best option is to contact the ATO, acknowledge outstanding super, and negotiate a plan—because if the ATO contacts you, you’ll pay 200%. Time is running out.
09/05/2025
Upon learning of CoverMe’s Australian launch, GFH reached out and was surprised to find the hired MD hadn’t taught a class in 15 years, raising concerns about their selection process. While the CEO clarified what wasn’t important (like app usage), they failed to outline what was. The MD later resigned after a short tenure, becoming the source of the claim. We recommend media training for CoverMe—birds of a feather flock together. 🪶
05/05/2025
02/05/2025
GFH introduced itself to OnePlayground today. 🥰
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