'Several Emirati parties' looking to take over from Al Ahli Holding Group, according to Gold's Gym CEO Adam Zeitsiff
Gold’s Gym has revealed that it has split from master franchisee Al Ahli Holding Group in the UAE and Oman.
However, the company has told Arabian Business that “several Emirati parties” have come forward to take over.
“For nine years, the management teams behind these gyms have done an outstanding job of delivering the best in fitness service to their members, resulting in the strong presence Gold’s Gym has in the UAE market today,” said Adam Zeitsiff, Gold's Gym CEO.
“Because of this, several parties have already come forward expressing interest in acquiring the master franchise rights to continue growing the brand by taking it to a new level in the region and beyond. We hope to have that process completed in the very near future, and we look forward to growing Gold’s Gym in this market with a new partner.”
Gold’s Gym did not give a reason for the split. Al Ahli Holding has been contacted for comment.
Fourteen gyms are affected by the change, 13 in the UAE and one in Oman, although operations will continue under the existing management.
Gold’s Gym plans to open additional locations in the region, including flagship gyms as well as its new Gold’s Studio concept, a unique boutique-style training community with all-inclusive access to enhanced fitness programs like Gold’s Fit, Gold's Burn and Gold’s Cycle.
“We are excited to continue enhancing the Gold's Gym experience for our members in the region," said Zeitsiff. “The company is dedicated to growing the market to its full potential, which we intend to accomplish by delivering the same high calibre of service that Gold's Gym is known for across the world.”