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The three owners extended Gold's Gym to the franchise system and made licensing out deals all over the USA. Gold's Gym was one of the first companies in the health and fitness industry to franchise, starting in 1980. [17] Using the momentum of its fame it sold licenses for products such as fitness equipment and clothing.
The company has made several acquisitions over the years, including the Omni Hotel chain in 1996, [5] Gold Gym International in 2004, [6] and Cresta Construction in Irving, Texas. In August 2020, TRT Holdings sold Gold's Gym to German fitness company RSG Group for US$100 million [ 7 ]
More than 70 gyms are company-owned, the rest of the gyms are franchised. Famous personalities such as Arnold Schwarzenegger, [14] Lou Ferrigno and Franco Columbu trained at the original Gold's Gym in Venice Beach. Ten months after the Gold's Gym acquisition, [13] new gyms were opened also in Europe. RSG Group opened the brand's flagship gym in ...
The gym franchise is known for having state-of-the-art cardio and strength equipment and often offering group exercise classes, among other activities. There are two other Gold's Gym locations ...
Joe Gold is also the founder of Gold's Gym, another unaffiliated gym chain, which he sold in 1973. [1] The gym was often frequented by celebrities and famous bodybuilders such as Arnold Schwarzenegger, Lou Ferrigno, Dave Draper and Franco Columbu. In March 2021, World Gym said it had over 200 franchises across six continents. [2]
Gold's Gym opened in South Asheville in 2014 after The Rush Fitness Complex closed. The location has previously been a Bi-Lo Grocery, a chain that closed its last stores in 2021.
Planet Fitness, Inc. is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. [5] The company has around 2,400 clubs, [2] making it one of the largest fitness club franchises by number of members and locations.
Gold's Gym Dreamland, a franchisee in Cairo, is under fire for posting the following advertisement, which has since gone viral: Gold's Gym/Facebook Social media users did not react kindly to the post.
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