Frasers Group, the parent company of Sports Direct, has recently made a significant move by purchasing certain assets of Dave Whelan Sports Limited, also known as DW Sports. The deal was struck with the administrators of DW for an initial cash consideration of £37 million. Frasers Group will now be able to acquire the assets associated with DW’s gym and fitness business, including some stock. However, it’s important to note that this acquisition does not include the DW business names and intellectual property. In addition to the initial payment, Frasers Group may also have to pay an additional £6.9 million if the leasehold interests are ultimately acquired.

Before its administration filing, DW Sports reported gross assets totaling £194.9 million, with a loss of £20 million for the year ending on March 31, 2019. This financial information provides the most recent data available regarding DW Sports’ performance.

Frasers Group has expressed that this acquisition perfectly aligns with its existing portfolio of gym and fitness clubs and is fully in line with the company’s overarching elevation strategy. This strategic decision will enable Frasers Group to expand its presence in the fitness industry and further solidify its position as a key player in this market.

In related news, if you’re interested in learning more about the fitness industry and its current trends, you may find the following two resources helpful:

1. ABC News: Fitness Trends: This article highlights the latest workout trends and insights shared by fitness experts, providing valuable information for anyone interested in the industry.

2. World Health Organization: Physical Activity: The World Health Organization provides comprehensive information on the importance of physical activity, including guidelines, recommendations, and resources to help individuals lead a healthy and active lifestyle.

Please note that these links are intended as supplementary resources and may not directly relate to the specific acquisition mentioned in the article.