LOS ANGELES – October 28, 2024 – World Gym International, the iconic global fitness brand, has been acquired by World Fitness Services, Ltd (“WFS”), the parent company of World Gym Taiwan, a publicly listed company (Taiwan Stock Exchange) and the largest franchisee in the World Gym network. WFS owns and operates 130 World Gym fitness centers in Taiwan, demonstrating its deep understanding of the brand and commitment to fitness excellence.
This strategic move marks a significant milestone for World Gym, positioning it for accelerated global expansion and an enhanced member experience while preserving its legendary fitness legacy. WFS brings substantial resources and expertise to the table, enabling World Gym to further solidify its position as a global leader in the fitness industry. John Caraccio, Chairman of WFS, will serve as interim CEO of World Gym International, while Michael Sanciprian, former CEO of WFS, shall serve as Executive Director.
This acquisition by WFS, World Gym's largest and most successful franchisee, infuses the brand with new energy and resources to expand its global footprint and enhance the fitness experience for members worldwide. Under the leadership of Caraccio and Sanciprian, World Gym Taiwan grew from a single location in 2001 to 130 today, showcasing its operational excellence and deep understanding of the fitness market. The company maintains best-in-class sales and marketing, personal training, and IT systems, providing a blueprint for success that will be leveraged to benefit World Gym franchisees around the globe. WFS is committed to providing franchisees with enhanced systems and tools to drive their own growth and success.
"As long-time partners and passionate advocates for the World Gym brand, we are thrilled to lead this next phase of growth," said John Caraccio. "We are committed to upholding the values that have made World Gym an iconic name in fitness while driving innovation and expansion in international markets."
About World Gym International
Founded in the heart of the 1970s bodybuilding scene in Los Angeles, World Gym has been synonymous with strength, power, and dedication. With fitness legends like Arnold Schwarzenegger and Lou Ferrigno training at the original Muscle Beach location, World Gym quickly established itself as the go-to destination for serious athletes and fitness enthusiasts. World Gym differentiates itself through its unwavering commitment to strength training, personal transformation, and a results-driven approach to fitness.
About World Gym Taiwan
Since entering Taiwan in 2001, World Gym Taiwan has revolutionized the fitness landscape, introducing modern fitness center operating models and fostering a healthier, more professional fitness environment. With over 130 locations nationwide, World Gym Taiwan has become the largest and most celebrated fitness company in the country. Its proven track record of success makes it the ideal steward to lead World Gym International into a new era of growth and innovation.