TL;DR
World Gym International has been acquired by World Fitness Services, Ltd, the parent company of World Gym Taiwan. The acquisition is expected to infuse the brand with new energy and resources to enhance the fitness experience for members worldwide.
World Gym International has been acquired by World Fitness Services, Ltd (“WFS”), the parent company of World Gym Taiwan. WFS owns and operates World Gym fitness centers in Taiwan, demonstrating its deep understanding of the brand and commitment to fitness excellence.
John Caraccio, Chairman of WFS, will serve as interim CEO of World Gym International, while Michael Sanciprian, former CEO of WFS, shall serve as Executive Director.
This acquisition by WFS infuses the brand with new energy and resources and enhance the fitness experience for members worldwide. Under the leadership of Caraccio and Sanciprian, The company maintains sales and marketing, personal training, and IT systems, providing a blueprint for success that will be leveraged to benefit World Gym franchisees around the globe.
"As long-time partners and passionate advocates for the World Gym brand, we are thrilled to lead this next phase of growth," said John Caraccio. "We are committed to upholding the values that have made World Gym an iconic name in fitness."
In this story
This story was originally published in Franchising.com on October 30, 2024. Burnaze summarizes and links to the original reporting.
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