PE-backed GoodLife Fitness shows interest in former Target stores
Canadian fitness club chain GoodLife Fitness Centres Inc has expressed an interest in expanding into stores soon to be vacated by Target Corp. Target announced last week that it had decided to discontinue its operations in Canada. GoodLife founder and CEO David 'Patch' Patchell-Evans said the "spacious and convenient" Target locations fit the company's goal of growing its national chain from over 350 clubs at present to as many as 1,000 clubs. Based in London, Ontario, GoodLife is backed by Canadian private equity firms Penfund and Manulife Capital, as well as other investors.
20 January 2015•3 mins read
