Seeking Alpha

Goldman invests in Russian exercise chaim

  • Teaming with VTB Capital to buy a 50% stake in Russian Fitness Group, Goldman Sachs (GS) is looking to capitalize on the country's growing enthusiasm for working out. Goldman had owned a minority stake since 2006.
  • Russian Fitness Group - an owner of the World Class and FIsKult chains - has 60 clubs in 22 cities with 109K members after 21 years in business. The World Class group plans to open nine more clubs this year.
Comments (1)
  • al roman
    , contributor
    Comments (8606) | Send Message
     
    Now our Comrades can put (MCD) (CPB) to good use and look good too with the help of (GS).
    3 Feb 2014, 08:16 AM Reply Like
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