Virgin Active membership remains below prepandemic levels
15 November 2023 - 09:04
UPDATED 15 November 2023 - 20:55
Investment holding company Brait is spending R150m more on Virgin Active after putting up just more than R750m earlier this year, as it tries to grow the gym chain that is now breaking even.
Virgin Active, which has branches in SA, the UK, Australia and Singapore, swung to a profit in earnings before interest, tax, depreciation and amortisation (ebitda) for the first time since 2019 but remains heavily indebted. ..
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