Investment in Jackie Skelly Fitness
Jackie Skelly Fitness entered the Examinership process in February, 2010. The proposal by énergie, approved by the Court today, includes the restructuring of the business’s balance sheet and the acquisition of nine of the ten existing Jackie Skelly Fitness clubs to operate under the énergie brand. énergie plans to continue to provide all of the facilities currently available at these clubs and will invest €1.8 million in new equipment and refurbishment to provide members with a service offering that meets the énergie fitness standard. énergie is also in negotiation with the landlord of the tenth club, [located in Greystones] to assess the possibility of keeping the club open.
énergie Group in Ireland
énergie currently operates seven fitness clubs on the island of Ireland located in Belfast, Galway, Limerick, Waterford (2 clubs), Wexford and Lisburn. Two more clubs will open shortly in Letterkenny and Derry. In addition to the acquisition of the Jackie Skelly fitness clubs, énergie will be the leading Irish fitness group operating eighteen clubs under the énergie brands.
The High Court approval follows the support of the creditors of the business and examiner, Kieran Wallace, of KPMG, for énergie to acquire Jackie Skelly Fitness clubs. The approval will secure jobs and guarantees continuous and consistent service to club members.
Jan Spaticchia, énergie group CEO commented: “We are delighted that our proposed investment has been approved by the High Court and that we can ensure the survival of Jackie Skelly Fitness memberships and jobs.”
Jan added “We look forward to the opportunities this acquisition presents as we work to secure a long term relationship with Jackie Skelly staff and members under the énergie brand. Our existing and prospective members can look forward to a new look and feel as we rebrand these clubs over the coming months and introduce them to our unique émpower programme, providing results in six weeks, guaranteed.”