French ski resort

“Keep calm and go skiing” – industry urges no panic over Brexit

| Ski holidays had been tipped to become more costly if Britain voted to leave the European Union, but leading tourism companies assure customers that robust contingency plans will protect against price shocks | Though many in the ski industry predicted before the referendum that snow sports holidays would become more expensive in the event of Brexit, operators such as Crystal Ski Holidays and Mountain Heaven, plus the British Association of Snowsport Instructors (BASI), are reassuring holidaymakers and workers alike that they have drawn up contingency plans, and that Britons should not be immediately…

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Hollywood Bowl ten pin bowling alley at Finchley Lido complex

Bowled out: Hollywood Bowl goes to market valued at $280m

| Hollywood Bowl Group has announced plans to list on the stock market, in a move that values the UK ten-pin bowling firm at around £280 million | Private equity owner Electra acquired Hollywood Bowl for £91 million in 2014 and has presided over a period of steady growth; delivering a 9% increase in revenues to £86 million, with earnings up 41% to £20.6million last year. In this flotation Electra will sell about half of its 85% stake in Hollywood Bowl, which operates 54 bowling centres including four in Scotland. Chief executive Stephen Burns said: “The…

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Gym chain Xercise4Less expands North and South

Xercise4Less, the award-winning budget gym operator has announced plans to expand further in the UK –in Scotland, Wales and London. The Yorkshire-based firm now has about 40 clubs across the UK, and Jon Wright, chief executive and owner of Xercise4Less, has said he would like to grow its total customer base to a million, from nearly 300,000 currently. “It’ll probably take us a few years to get there but there’s plenty of growth in this industry yet,” he said. The chain is aiming to open at least 20 sites across…

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