Talwalkars’ Better Value Fitness Ltd which had announced its tie up with Pantaloon Retail India Ltd for GYMs at Mall is now venturing into premium health clubs. The company is in talks with an European Major for a 50-50 joint venture.
Mr. Prashant, MD of Talwalkars said,
We would be floating an equal JV with an European company which is a manufacturer of health and spa related products. The purpose is to graduate from health clubs to having an exclusive clubs in the area of health and fitness.
After the tie-up with Pantaloon Retail, Talwalkar now has access to many malls in the country where it will launch premium health clubs as well. The facilities planned at these clubs include – spa, indoor swimming pool, restaurant focused on healthy diet and food. The membership for these clubs also comes at a premium price – Rs 25,000. The first three clubs will open for business in Mumbai. Corporate membership is also on the cards 🙂
Talwalkars operates 45 gyms and the figure is likely to touch 60 by the end of this year. They also operate on franchisee model.