US investment firm swoops for Pure Gym
Leeds-headquartered Pure Gym is to be acquired by a California-based investment firm.
Leonard Green and Partners (LGP), which co-owns Topshop with Sir Philip Green, and has other brands in its portfolio such as J Crew and denim retailer LuckyBrand, has agreed the takeover of Pure Gym.
Founded in 2008, Pure Gym operates has more than 950,000 members spread across 189 sites and has turnover of £160m.
CCMP bought a majority stake in the business in May 2013 and will no longer retain an interest in the business on completion.
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