News: Finance
Lift Brands investment to drive Fitstop’s international expansion
Australia gym franchise business Fitstop is reported to be ready to expand in the USA, backed by a $3.3 million investment from global fitness franchisor Lift Brands. The capital injection…
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Strengthening presence in Asia Ticketmaster announces part acquisition of Thai Ticket Major
Ticketmaster has announced a part acquisition of Bangkok, Thailand-based ticketing agency Thai Ticket Major (TTM), furthers the Live Nation company’s goal of bringing its ticketing…
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Ungerboeck launches new integrated payment solution to modernise events industry
Leading provider of event and venue management software, Ungerboeck has launched ‘Ungerboeck Payments’- a fully integrated, end-to-end payment solution built specifically for…
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Choice Hotels Asia Pacific launches Community Sports Grants Program
Leading hotel group, Choice Hotels Asia Pacific, has launched its $12,000 Choice Hotels Community Sports Grants Program to support registered sporting clubs and individual athletes as they…
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Judge finds True Group Chief Executive mismanaged closures of Malaysia and Thai gyms
Months before the impending closures of True Group fitness chains in Malaysia and Thailand in June 2017, then Chief Executive Patrick John Wee Ewe Seng was still allowing the sale of new…
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Women’s Tennis Association poised to attract US$150 million private equity investment
The Women’s Tennis Association (WTA) is set to sell a 20% share of its commercial revenue to private equity firm CVC Capital Partners for US$150 million. As reported by London…
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Choice Hotels Asia Pacific signs 15-year Master Franchise Agreement with Suba Group of Hotels in India
As of 1st July 2022, Choice Hotels in India has transitioned from a direct franchise market to a master franchise model. Under this arrangement, Suba Group of Hotels will assume…
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Cost for COVID-delayed Tokyo Olympics is double the original estimate
Organisers of last year’s COVID-delayed Tokyo Olympics have placed the final cost of the Games at US$13 billion (1.4 trillion Japanese yen) - twice the cost of what was forecast in…
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