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Planet Fitness, Inc. is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. [4] The company has around 2,600 clubs, [ 5 ] making it one of the largest fitness club franchises by number of members and locations.
The 21,000-square-foot Planet Fitness gym is equipped with cardio machines, strength equipment, a 30-minute express circuit, fully furnished locker room and walls of television screens.
Universal Gym Equipment was an American manufacturer of exercise equipment, in particular weight machines. It was founded by Harold Zinkin in 1957. In 1998, it was acquired by Flexible Flyer. In 2006 it was acquired by Nautilus, Inc. The Universal Gym brand was subsequently discontinued except for a line of selectorized dumbbells. [1]
The Planet Fitness $10-a-month membership plan is a powerful marketing tool and a central part of its strategy. But the largest gym chain in the United States is hiking that monthly fee for the ...
The same year, Life Fitness expanded into treadmills. Life Fitness was acquired by Brunswick Corporation in June 1997 for $310 million. [5] [6] The sale was completed on July 11, 1997. [7] Later in 1997, Life Fitness bought Hammer Strength, a manufacturer of weight machines. [8] ParaBody, Inc. was bought by Life Fitness in 1998. [9] [10]
Baffled investors pulled out of Planet Fitness stock as the news broke, with the company's share price sinking 15% to around $50—the lowest since the pandemic floor of August 2020.
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