Majority owner of virginactiveSA, Brait, says that despite operational challenges, the gym company in SA has seen membership sales recover above pre-Covid levels with significantly stronger membership engagement. Moneyweb BusinessNews NDL_ndumeey
JSE-listed investment company and majority owner of Virgin Active, Brait, says that despite operational challenges, the gym company in South Africa has seen membership sales recover above pre-Covid levels with significantly stronger membership engagement. It noted in a Sens statement issued on Monday that the gym company’s membership numbers in Italy have also recovered.
It noted that there have been broad-based decreases in key commodity inputs recently which it expects will reduce some inflationary pressure within the business. Brait adds that its British retail chain company asset New Look has recovered well from its disappointing performance in the third quarter of 2022 when supply chain blockages and the emergence of the Omicron variant disrupted trading between October and December 2021.
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