- David Lloyd Leisure
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Coordinates: 51°45′54″N 0°14′24″W / 51.765°N 0.240°W David Lloyd Leisure is a chain of fitness and racquet sport centres founded by the British professional tennis player David Lloyd.
Contents
History
David Lloyd established David Lloyd Leisure in 1980 and opened the first club, aimed at providing a "family orientated" fitness and leisure facility. This was somewhat distinct from the traditional gyms and sports centres of the time. There was also an emphasis on racquet sports.
Acquisition by Whitbread PLC
By 1995, there were 18 David Lloyd Leisure clubs when Whitbread PLC acquired the company for £182 million,[1] incorporating it into its Restaurants & Leisure Division. David Lloyd remained as managing director of the division until 1996.
Acquisition by London & Regional Properties
Whitbread ran more than 50 David Lloyd Leisure (DLL) clubs in the UK and Northern Ireland with a further number in Spain, the Netherlands and Belgium. However, by the mid-2000s, the business was giving Whitbread a poor financial return,[2] and on 2 August 2007 they sold it to London & Regional Properties and Bank of Scotland for £925 million. Whitbread used the proceeds from the sale to repay debt.[1]
London & Regional Properties already owned and operated Next Generation Clubs; the businesses were merged under the Next Generation Clubs' management team led by Scott Lloyd.[3] As of 2011[update], Scott Lloyd remains the current CEO.[4]
Current operations
DLL is Britain's biggest tennis operator and manages more than 500 tennis courts. There are 79 clubs in the UK and a further 10 across the rest of Europe.[5][6]
References
- ^ a b Whitbread sells David Lloyd gyms, BBC News, 4 June 2007. Retrieved 15 July 2011.
- ^ Osborne, Alistair (2 September 2005). "Leisure boss ousted over poor figures". Daily Telegraph. http://www.telegraph.co.uk/finance/2921501/Leisure-boss-ousted-over-poor-figures.html. Retrieved 15 July 2011.
- ^ "London & Regional Properties and Bank of Scotland acquire David Lloyd Leisure Ltd". Press release. Next Generation Clubs. 5 June 2007. Archived from the original on 2007-10-08. http://web.archive.org/web/20071008061334/http://www.nextgenerationclubs.co.uk/?p=press&a=1. Retrieved 2011-07-15.
- ^ Senior Leadership Team, David Lloyd Leisure. Retrieved 15 July 2007.
- ^ David Lloyd Leisure
- ^ About David Lloyd Leisure
External links
Current businesses: Premier Inn · Beefeater · Brewers Fayre · Taybarns · Table Table · Costa Coffee · Touchbase
Former businesses: Swallow Hotels · Berni Inn · T.G.I. Friday's · Pizza Hut · Whitbread Inns · Hogshead · Britvic · David Lloyd Leisure · ThreshersAnnual revenue: £1,411m GBP (FY 2007) · Employees: 31,703 (FY 2007)
Stock symbol: LSE: WTB · Website: whitbread.co.ukCategories:- Tennis venues in the United Kingdom
- Health clubs in the United Kingdom
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