David Lloyd Leisure

David Lloyd clubs is a British multinational sports, health and leisure business that runs health clubs and gyms across Europe, mainly in the United Kingdom.

David Lloyd Leisure
TypeLimited company
IndustryHealth club, gym, tennis
Founded1982 (1982)
FounderDavid Lloyd
Headquarters
Hatfield, Hertfordshire
,
England, UK
Number of locations
122 total
99 in the UK
23 across Europe
1 in India [1]
Area served
UK, Europe, India
Key people
Glenn Earlam, Chief executive
ServicesPremium Racquets and Leisure Clubs
OwnerTDR Capital
Membersc.440,000
Number of employees
c.6000
Websitewww.davidlloyd.co.uk

History

David Lloyd established David Lloyd Leisure in 1982 and opened the first club, aimed at providing a family orientated, high quality fitness and leisure facility. This was somewhat distinct from the traditional gyms and sports centres of the time. There was also an emphasis on racquet sports.

By 1995, there were 18 David Lloyd Leisure clubs when Whitbread PLC acquired the company for £182 million,[2] incorporating it into its Restaurants & Leisure Division. Gerrard Duxbury remained as managing director of the division until 1996.

Whitbread ran more than 50 David Lloyd Leisure (DLL) clubs in the UK with a further number in Spain, the Netherlands and Belgium. However, by the mid-2000s, the business was giving Whitbread a poor financial return,[3] and on 2 August 2007 they sold it to London & Regional Properties and Bank of Scotland for £925 million. Whitbread used the proceeds from the sale to repay debt.[2]

London & Regional Properties already owned and operated Next Generation Clubs; the businesses were merged under the Next Generation Clubs' management team led by Scott Lloyd, David Lloyd's son.[4]

On 5 September 2013 London & Regional Properties agreed to sell David Lloyd Leisure to TDR Capital for £750m. TDR Capital will invest £50m into existing clubs and to further expand its UK & European operations.[5]

Current operations

David Lloyd Leisure currently operates 99 clubs in the United Kingdom as well as 15 in Europe in Spain, Germany, Ireland, Belgium, Italy and the Netherlands.[6]

References
  1. https://www.davidlloyd.co.uk/about-us David Lloyd Leisure. Retrieved 11 November 2019.
  2. Whitbread sells David Lloyd gyms, BBC News, 4 June 2007. Retrieved 15 July 2011.
  3. Osborne, Alistair (2 September 2005). "Leisure boss ousted over poor figures". Daily Telegraph. Retrieved 15 July 2011.
  4. "London & Regional Properties and Bank of Scotland acquire David Lloyd Leisure Ltd". Press release. Next Generation Clubs. 5 June 2007. Archived from the original on 8 October 2007. Retrieved 15 July 2011.
  5. Blitz, Roger (5 September 2013). "TDR Capital snaps up UK's David Lloyd Leisure". Financial Times. Retrieved 24 March 2016.
  6. "About". David Lloyd Leisure. Retrieved 2 December 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.