Nick Coutts to launch low-cost health club venture
Nick Coutts, a former chief executive officer of health club chain Holmes Place Iberia, is to launch a new budget health club venture called Fitness Hut.
The concept will be marketed as a chain of "premium low cost" clubs with the first sites scheduled to open in Lisbon, Portugal during the last quarter of 2011.
Coutts has secured private equity backing for the venture and said that "multiple sites" were being targeted for a roll out in 2012.
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