Energie Group’s Stock Market Floatation Paves The Way For Franchisees
Énergie Group’s stock market floatation is headed in the right direction for franchisees.
Chief executive officer to énergie Group, Jan Spaticchia announces the fitness brand could either float on the stock market or sell shares to a private equity company within the next two years. Back in 2012, the fitness group ditched its initial public offering (IPO) because of the volatility of the marketplace. In a recent interview with Health Club Management, Spaticchia revealed a floatation can now be considered. He said:
“There will come a point in the next 12 to 24 months when you will see us look to crystallise the value of the business," he said. "This could be through an IPO or the sale of some stock to a private equity company. It could be either, so watch this space.”
Last year, the group did a deal that allowed franchisees to become shareholders by selling over 3% of the business valued at £15m through the crowdfunding site Crowdcube. Spaticchia announced the groups expansion plan that includes an international presence in Africa, Nairobi, Kenya, two gyms opening soon in Latvia, one in Poland and the expansion of its 11 clubs in Ireland from 15 to 20 more sites to spawn over the next 12 months.
In August, fitness franchise énergie Group announced plans to rebrand its UK clubs that includes the opening of thé Yard – a new signature training concept part of its énergie and Fit4less clubs.
Debra-Derieux Matos, Point Franchise ©
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