Gold's Gym
Gold's Gym International, Inc. is an American chain of international co-ed fitness centers originally started by Joe Gold in Venice Beach, California. Each gym offers a variety of cardio and strength training equipment as well as group exercise programs. Gold's Gym's has its headquarters in Dallas and is now owned by RSG Group.
History
opened the first Gold's Gym in August 1965, in Venice Beach, California, long before the modern-day health club existed. Featuring homemade equipment and dubbed "the Mecca of bodybuilding", it was frequented by Arnold Schwarzenegger and Dave Draper.Early developments
In the 1950s, bodybuilding was seen as an anti-social outsider sport dominated by outcasts.Gyms in California, the early home of bodybuilding, were usually set up outdoors. An indoor gym had operated in Santa Monica, but it was shut down by the city in 1959 amid allegations of sexual misconduct. Bodybuilder Joe Gold was dissatisfied with ad hoc gyms, and in 1965, he converted a building he owned on Pacific Avenue in Venice Beach into the first Gold's Gym. Many bodybuilders soon became enthusiastic clients. Dick Tyler commented it as "big news for big men", a location that would become synonymous with the rise of legendary bodybuilders like Arnold Schwarzenegger, Dave Draper, Lou Ferrigno, or Franco Columbu. However, despite the spirited reception and Gold's money-saving measures, such as building his own exercise equipment, monthly membership fees proved insufficient to maintain the business. A veteran of the merchant marine, Gold wanted to go back to sea, and in 1970, he sold the business to antique dealer Dave Saxe and jeweler Bud Danits for $50,000. Saxe and Danits were also unable to operate the gym profitably and considered converting it into an antique shop. Instead, gym member Ken Sprague seized the opportunity and purchased the gym in late 1971. Having a background in the film industry, he injected new energy into the business by organizing bodybuilding competitions and shows to exhibit Gold's Gym athletes. Finally, Gold's Gym became profitable.
The logo
The original Gold's Gym logo, a bald weightlifter holding a barbell, was designed in 1973 by professional wrestler Ric Drasin, who was Arnold Schwarzenegger's training partner for four years. During a training break, he sketched the weightlifter on a napkin. The logo became an iconic symbol within the bodybuilding scene.Gold's Gym as film set for ''Pumping Iron''
Due to Sprague's contacts in the film industry and his persuasion skills, an opportunity arose in 1975 when filmmaker George Butler set out to film the groundbreaking docudrama Pumping Iron with Gold's Gym as the primary location. Sprague, who had strong commitments to his gym and the sport and who understood filmmaking, offered Butler full and unrestricted access to the gym. To preparing and improve the gym as a film set, he had certain windows painted over to control backlight and installed a lighting grid. When the filmmakers ran out of funds to finish the production, Arnold Schwarzenegger and other bodybuilders helped raise additional funds for its completion. The docudrama became a hit, bringing attention not only to the gym itself but also to bodybuilding and physique in general. Gold's Gym became the most famous gym worldwide and more than tripled its membership prices. Gold's Gym continued to be considered a landmark in bodybuilding culture and achieved cult status.Transition to an international franchise
In 1979 Gold's Gym was sold by Sprague to the trio Ed Connors, Pete Grymkowski, and Tim Kimber. It was the most famous gym in the world at that time. After two years of ownership, they moved from the 5500-square-foot facility into a 60,000-square-foot building over a six-year period. The three owners extended Gold's Gym to the franchise system and made licensing out deals all over the USA. Gold's Gym was one of the first companies in the health and fitness industry to franchise, starting in 1980. Using the momentum of its fame it sold licenses for products such as fitness equipment and clothing. Soon the brand expanded internationally, after the first outside USA opening in Canada 1985. In 1993 the limit of 1 million members was exceeded. During the nineties Gold's Gym expanded around the globe, even in Japan and Russia. Due to the international franchise, the original character changed subsequently to a modern commercial gym fulfilling the standards of the modern fitness industry. In 1999 the company was sold to the private firm Brockway Moran & Partners for an estimated $50 million. It was sold again in 2004 to TRT Holdings for $150 million.The growth of Gold's Gym continued expanding the business with modern wellness programs that grew to more than 3000 company partners. The original Gold's Gym in Venice Beach is considered a national sports landmark by ESPN and is named on its list of the 100 most important sports venues. Notable users of Gold's Gym have included such celebrities as Jessica Alba, Jodie Foster, Morgan Freeman, Dwayne Johnson, Jim Morrison, Keanu Reeves, Hilary Swank, Big Show, and Tiger Woods, and many others. In 2016 Gold's Gym opened 58 new locations across the world and in 2017 its first locations in Amman in Jordan.
New ownership by RSG Group
The impact of the COVID-19 pandemic heavily affected the company, forcing it to file bankruptcy with its 61 company-owned gyms and over 700 franchises across six continents. On May 4, 2020, GGI Holdings, LLC and 14 affiliated debtors filed Chapter 11 bankruptcy in the United States District Court for the Northern District of Texas. The debtors have requested joint administration of the cases under Case No. 20-31318. Like nearly all businesses, Gold's Gym was required to temporarily close its US locations in March 2020 amid the COVID-19 pandemic. In April of the same year, Gold's said that it would permanently close 30 of its locations. They said their filing for bankruptcy would only affect company-owned locations and set a reemergence goal for August 2020. The company owns about 10 percent of the nearly 700 worldwide locations.Finally, on July 13, 2020, Gold's Gym was auctioned due to a judicial auction procedure. Rainer Schaller, the owner of the German fitness company RSG Group, won the auction of Gold's Gym for $100 million. Rainer Schaller fulfilled his dream to finally own the legendary fitness brand, which had inspired him to start his own fitness company in 1997. Previously, the RSG Group has been primarily active in Europe and expanded to a global company with the integration of Gold's Gym into its portfolio.
Since, Gold's Gym has been revitalized and it has also established a new presence in Europe by opening new gyms in Austria, Italy, and Germany. Also new gyms have been opened in e.g. Dallas, Highland Meadows, Georgetown. The expansion process continues worldwide, e.g. in Europe, India, Australia, etc., and includes modernization of many of its gyms.
Corporate information
Gold's Gym is privately owned by the international fitness company RSG Group and has about 68 company-owned gyms and via its franchising program about 520 international gyms in countries, e.g.: Australia, Austria, Costa Rica, Egypt, Germany, India, Italy, Japan, Mexico, Mongolia, Netherlands, Peru, Philippines, Poland, Saudi Arabia, Russia, Spain, United Arab Emirates, United Kingdom, and Venezuela. Corporate headquarters are in the Dallas metropolitan area.Current operations
Gold's Gym has locations across six continents. In 2015 and 2016, Gold's Gym topped the J.D. Power Health and Fitness Center Satisfaction Report.In 2017, Gold's Gym launched GOLD'S AMP, a fitness app that is meant to serve as a digital personal trainer for people to use anytime and anywhere. It includes numerous customization workout options led by Gold's Gym coaches and thousands of music mixes.
In July 2020, new parent company RSG Group reported that Gold's Gym had 61 company-owned gyms and over 600 franchise-owned gyms.
Corporate sales and wellness program
Gold's Gym operates a national corporate wellness program that has over 3000 company partners including Home Depot, Bank of America, Whataburger, and Union Pacific. The corporate sales and wellness program offers custom health and fitness plans for employees nationwide including memberships, nutrition, and wellness programs.Gold's is one of two official health clubs of the AARP. Through the AARP it offers month-to-month memberships and is also the official health club of the Blue Cross Blue Shield Association. Gold's offers online enrollment.
Equipment in the studios
Gold's Gyms all have a large strength training and free weight area with heavy dumbbells typically up to 150 lb, Olympic barbells, as well as an area for endurance training. There is a wide range of different fitness courses in specially designated rooms. Personal trainers can be booked for an additional charge. All studios have at least one sauna, and some locations also have a posing room for preparing for bodybuilding competitions.Gold's Gym Challenge USA and Fitness Competition
A major marketing campaign for members is the annual Gold's Gym Challenge, which takes place in the USA. It is a 12-week competition that focuses on the visibility of body changes. In January of each year, participants begin by taking stock of their bodies by measuring and photographing them. After 12 weeks, measurements and photographs are taken again to document the results. Each participating Gold's Gym selects its own winners, who then have to compete nationally. Finally, an overall winner is chosen.The winners of the Gold's Gym Challenge have been featured in numerous publications, including PopSugar, The Atlanta Journal-Constitution, and Women's Health.
In 2023 the Gold's Gym Challenge USA was replaced by annual the Gold's Gym Fitness Competition.