Former Wigan Athletic owner Dave Whelan founded DW Sports in 2009 purchasing 50 JJB Sports Fitness Clubs and additional retail stores
The Fitness First Gyms which is a part of DW Sports are not affected, but all of it’s retail outlets will close.
Fitness First and its 43 gyms, which are part of the same group of companies, will not be affected, the firm said.
Martin Long, DW Sports chief executive said in a statement “As a consequence of Covid-19, we found ourselves in a position where we were mandated by government to close down both our retail store portfolio and our gym chain in its entirety for a protracted period, leaving us with a high fixed-cost base and zero income. The decision to appoint administrators has not been taken lightly but will give us the best chance to protect viable parts of the business, return them to profitability, and secure as many jobs as possible.”
25 of it’s stores are already closed and the additional 50 will have closing down sales from today prior to permanent closure.
The companies website will close immediately, whilst 59 of it’s gyms have reopened with the remainder still closed due to local lockdown laws.
Mr Long in an earlier statement said “The firm’s income normally totals around £15m a month, but that it had fallen to zero, overnight, while it we still have a £3m monthly wage bill”
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