Is Cannons Health and Fitness Clubs the next chain to be sold?

A good source this morning informed me that Cannons may be up for sale (again!). The 67 clubs and circa 165,000 members went private in 2001 in a £360 million buy-out supported by Royal Bank of Private Equity.

Although, it is one of the oldest club chains, it seems to have drifted over the past few years and is rarely on the media’s radar. I understand that Hawkpoint corporate finance is presently reviewing options, which may include:

Selling the company, or selling the company, or selling the company!

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