You are here: Home - Uncategorized -

David Lloyd health clubs may be sold back again

0
Written by:
26/03/2007

A number of potential buyers have approached leisure group Whitbread, which owns the Costa Coffee chain, expressing an interest in buying the David Lloyd health club chain.

Reports have appeared in the Sunday newspapers suggesting that Scott Lloyd, whose father David originally set up the business, wanted to buy the firm. David Lloyd sold it to Whitbread in 1995 for £200m.

The news came as no surprise to investment experts. “Whitbread has been selling off parts of its empire recently, getting rid of a 50% holding in Pizza Hut and the TGI Friday bars,” said City analyst Colin Perry.

“There are also takeover rumours surrounding Whitbread itself, which have pushed the share price higher to record levels.

“It still has Premier Travel Inns, and the Beefeater and Brewers Fayre pub and restaurant businesses, but it’s definitely been shedding parts of its operations.

“My assessment is that Whitbread will be bought but I don’t know which company will acquire it. The signs are all there, however.”

Scott Lloyd is believed to have the backing of wealthy property investors Ian and Richard Livingstone, who last year bought the Next Generation of health clubs set up by the Lloyd brothers after they had sold the David Lloyd group.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
VAT falls into the laps of dancers as club wins tax appeal

The lap dancing club Spearmint Rhino has won a High Court appeal against a ruling that it had to pay...

Close