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 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 3 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis 'throw man off a building for homosexual affair' and beat him to death when he survives
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...