Women help boost Clubhaus profit
Thursday 26 August 1999
Memberships at its health clubs, all of which are attached to its golf courses, more than doubled from 2,400 in June last year to 5,200 today. The company aims to persuade its core male golfing clients to bring their partners and families with them to their courses, some of which contain saunas, gyms and swimming pools.
Charlie Parker, the chief executive, said he was taken aback by the success of the opening in June of the healthclub at its top-of the range Castle Royle course, where a year's golf costs pounds 7,000. "It's just gone off the planet," he said.
While Castle Royle is atypical in its wealthy suburban catchment area, a Clubhaus spokesman said the group expected to replicate its success. "The ladies and children will be attracted by the pool and the gym. Then might see the golf course and say, that looks nice."
Meanwhile, Mr Parker challenged PGA European Tour Courses, its smaller quoted rival, to prove that the bid it rejected last month had undervalued the business. Clubhaus has declined to reveal details of the offer. "It's up to PGA now to demonstrate to shareholders why the business is worth more than our indicative offer," he said. However, he said a deal with PGA was still possible, and any tie-up would have to be on a friendly basis.
Investment, page 19
- 1 Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
- 2 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 4 John Travolta addresses former pilot's gay romance allegations publicly for the first time
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Portuguese academic says British are 'filthy, violent and drunk'
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
iJobs Money & Business
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...
£20 - 24k + Benefits: Guru Careers: This is a great opportunity for an enthusi...
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...