News: Finance
Construction of new Christchurch multi-use arena set to start next year
Christchurch City Council is moving forward with preparation work for the new Canterbury Multi-Use Arena, announcing that construction is ready to start early next year. Ahead of the…
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Viva Leisure acquires Plus Fitness’ master franchisor for $20 million
Viva Leisure has acquired Australian Fitness Management, the master franchisor of Plus Fitness, for $20 million. Announced today, Viva Leisure's acquisition sees it add 197 franchised…
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Carriageworks receives funding for independent future but some creditors not happy
The future of Carriageworks, a multi-arts precinct in Sydney, has been secured with financial support from a group of benefactors and commitment to providing a 10 + 5 + 5 year precinct…
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Industry welcomes Federal Government’s announcement of JobKeeper extension
Industry groups have welcomed the Federal Government's announcement that its JobKeeper and JobSeeker programs will be extended into 2021. Australian Prime Minister Scott Morrison…
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Australian Fitness Show creator Shaun Krenz departs Reed Exhibitions
Shaun Krenz, Reed Exhibitions’ well-known Director of the Australian Fitness Show, has announced that his “time at the helm of the Fitness Show portfolio of events has come to an…
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Gold’s Gym acquired by German owners
US-based Gold’s Gym International, which filed for bankruptcy in May, has been acquired by German fitness and lifestyle brand the RSG Group GmbH. Hit hard by the economic shutdown…
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Without JobKeeper 60% of Australian fitness businesses will close in less than a month
An explosive report from Fitness Australia has revealed that, without the Federal Government's JobKeeper payments or other financial support, 60% of businesses in the exercise industry…
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Thousands back ATIC petition for retention of JobKeeper allowance
The Australian Tourism Industry Council (ATIC) has highlighted a petition of 10,000 people proactively calling for the Federal Government to extend the JobKeeper program’s future to…
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