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David Lloyd Leisure buys rival for £78m

Whitbread is buying Racquets & Healthtrack Group for £78.3m for rebranding as David Lloyd Leisure.

The deal increases the number of David Lloyd Leisure clubs to 47 with a further seven due to open by summer 2000. According to a spokesman for Whitbread, membership will grow to nearly 170,000, which he claims is some 35% more than that of the nearest competitor.

Established in 1995, Racquets & Healthtrack has a network of six health and fitness clubs with more than 35,000 members – four of which have full facilities for racquets sports.

Steve Philpott, managing director of David Lloyd Leisure, said: “These are first rate clubs which fit well at the top end of our existing business.”

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