ArabianBusiness.com:
Landmark Group, the Dubai-based retail giant, has
acquired the Fitness First franchise for the Middle East region, after snapping up a subsidiary of the Saudi leisure conglomerate Al Hokair Group.
The 100 percent buyout of Leisure Unlimited, the previous franchisee, was carried out by the group’s investment arm, Landmark Investments.
Under the terms of the deal, Landmark will absorb all Fitness First assets and employees in the Middle East.
Talks between Al Hokair Group and Landmark Group were first reported by Arabian Business in July.