Danish health club brand Repeat files for bankruptcy
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Shropshire Council
£25,481
SpArC Bishops Castle Leisure Centre, Shropshire
Everyone Active
Competitive salary plus benefits
Lutterworth Sports Centre, Leicestershire, UK
Barnham Broom Hotel
Highly competitive
Norwich, UK
Bryanston School
£19,261
Blandford Forum, UK
Kynren
Competitive
11Arches Park, Bishop Auckland, UK

Danish health club brand Repeat files for bankruptcy

Job opportunities
Oxley Sports Centre
Competitive
location: Sherborne, UK
more jobs

Danish health club operator Repeat, launched in 2016 by serial fitness entrepreneur Rasmus Ingerslev, has filed for bankruptcy.

The news comes after the chain, which operates four clubs in Denmark and one in Sweden, had begun a reorganisation of its business in January.

Like most health club operators in Europe, Repeat has been hit hard by the pandemic and the forced shutdowns of its facilities.

When announcing its restructuring plans in January, Repeat said in a statement: "In recent years, we have both opened new clubs and made a number of conceptual adaptations and expensive renovations to improve conditions at our sites.

"These investments meant that we were vulnerable when the first pandemic lockdown hit us – a situation exacerbated by us not getting full help from the state.

"When we were allowed to open for business again, it became clear that we had lost many members – and then lost many more due to the fears relating to COVID-19.

"Despite these factors, after the reopening in June 2020 we still believed in a future for Repeat and we received fresh capital from both the owners and from the growth fund – and we adjusted our prices to be able to face a brighter future.

"When we were forced to shut down again, however, shortly before Christmas, we knew that we would face a really tough time.

"The extended shutdown has meant that our costs now far exceed our income, and therefore there is not enough capital to continue the further operation."

Discussions are now underway to try and find a possible buyer for Repeat's assets out of bankruptcy, or to find another way forward to save the operations.

Speaking to local media, Ingerslev said that at least one club – located in Aarhus – will close permanently, while there were also talks to sell the club in Sweden.

Described as an "urban millennial brand" Repeat clubs were 24 /7 sites, offering a wide variety of cardio and strength equipment, free weights and functional training.

There were separate virtual studios designed to match the type of classes offered: mind-body and high intensity (HIIT) classes respectively.

During his career, Ingerslev has created Denmark’s first chain of low-cost clubs; built the global virtual fitness technology company, Wexer, and has introduced boutique fitness to Stockholm and Gothenburg with Barry’s Bootcamp.

• To read an interview with Ingerslev and his partner, neuroscientist Dr Mouna Esmaeilzadeh, click here for HCM issue 7/2019

Sign up for FREE ezines & magazines
Danish health club operator Repeat, launched in 2016 by serial fitness entrepreneur Rasmus Ingerslev, has filed for bankruptcy.
HAF,FIT,IND,PTS
2021/THUMB347458_94323_748026.jpg

More News

1 - 15 of 43,276
17 May 2021
Indoor group exercise can recommence in England and Scotland today (17 May), as part of the easing of lockdown measures. England has today moved to ... More
15 May 2021
Thousands of health clubs, swimming pools and leisure centres are under the threat of permanent closure, unless the government provides increased financial support for the ... More
14 May 2021
Fully vaccinated people in the US no longer need to wear a face mask whether indoors or outdoors, following a new ruling from the Centers ... More
13 May 2021
Anytime Fitness UK has revealed that April was its busiest month for new memberships since it began trading in the UK. The franchised health club ... More
13 May 2021
UK Sport has outlined its mission to create the "greatest decade of extraordinary sporting moments", driven by success at the Paris 2024 Games and the ... More
13 May 2021
HCM understands that Fitness International, which operates more than 700 health clubs under the LA Fitness, Esporta Fitness and City Sports Club brands, is launching ... More
Miha Bodytec GmbH
Miha Bodytec GmbH
13 May 2021
COVID-19 has presented our industry with a chance to reinvent itself, said thought leader Seth Mattison at ISPA's Stronger Together Summit. Mattison, the founder of ... More
12 May 2021
The Local Government Association (LGA) has appointed Baroness Tanni Grey-Thompson as its new president. The Paralympic legend and ukactive chair will succeed outgoing president Lord ... More
12 May 2021
A court has given Virgin Active the green light to erase the rent arrears it had accrued during pandemic lockdowns. The wiping out of the ... More
12 May 2021
There is "incredible resilience" in the sports and physical activity sector – but the industry requires further support to bounce back from the devastating effects ... More
12 May 2021
The Swimming Teachers' Association (STA) has partnered with a psychologist to provide new mindfulness and wellness resources for its members. The new wellbeing and mindfulness ... More
11 May 2021
A report commissioned by Parkrun has estimated that allowing mass-participation outdoor events carries an "exceptionally low risk" of COVID-19 transmission. The study, by Professor Clive ... More
FreeMotion Fitness
FreeMotion Fitness
11 May 2021
The Sport and Recreation Alliance (SRA) has published its new four-year strategy, outlining its vision to showcase the social, economic and health benefits of physical ... More
11 May 2021
Jan Spaticchia, founder and chair of énergie Fitness has died aged 51 following a short illness. Spaticchia was also chair of the recently-launched Empowered Brands ... More
09 May 2021
A new themed attraction, based on the popular I'm a Celebrity...Get Me Out of Here! TV show, is set to open in the UK this ... More
1 - 15 of 43,276
Active IQ
Active IQ