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Fitness Chain Virgin Active Expands Amid $118M Capital Raise

March 7, 2022

London-based fitness chain Virgin Active is expanding from a gym company to a wholesale “combined fitness and nutrition” operation. To do so, the company has made two major moves: a capital raise and an acquisition.

The capital raise totaling $118 million included retail billionaire Christo Wiese — who contributed $65.6 million to the effort — as well as the owners of Real Foods Group, who gave $23.8 million. Front Office Sports