Tuesday, June 16, 2020

Steve Nash Fitness World acquires new owners

SNClubs.com is reporting that "Steve Nash Fitness World, Crunch Fitness, and UFC GYM locations in British Columbia have been acquired by a new group of investors. Chris Smith will remain as CEO to navigate the return of the fitness centers for members, employees, and partners." Good news. I was hoping that was going to happen. Interesting timing though.

May 21st they announced that they were looking to sell business with goal of re-opening. Business Vancouver announced that "the board of SNFW Fitness B.C. Ltd. boasted two fitness industry titans who ceased serving on the board near the end of March 2020."

July 2019 Global reported that "B.C. whistleblower leads $20-million class-action suit against Steve Nash Fitness World." More recently Global reported that "Terminated employees file class action against Steve Nash Fitness World." The Georgia Straight is confirming the acquisition.

Sounds like some changes were made to avoid lawsuits. Let's get back to business.

The Believe BC campaign celebrates the innovative minds working to reimagine, rebuild and reignite businesses in our province. Now that's what I'm talking about. Move forward.

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