Branson-backed Virgin Active slashes losses amid WFH battle

cityam10-07

Sir Richard Branson founded Virgin Active 35 years ago. (Photo by John Lamparski/Getty Images) Virgin Active, the gym chain founded by Sir Richard Branson, has significantly slashed its losses as its ...

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(Photo by John Lamparski/Getty Images) Virgin Active, the gym chain founded by Sir Richard Branson, has significantly slashed its losses as its ...</p>\n\n<a href=\"https://www.cityam.com/branson-backed-virgin-active-slashes-losses-amid-wfh-battle/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Branson-backed Virgin Active slashes losses amid WFH battle</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBranson-backed Virgin Active slashes losses amid WFH battle\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-07 18:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/branson-backed-virgin-active-slashes-losses-amid-wfh-battle/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sir Richard Branson founded Virgin Active 35 years ago. (Photo by John Lamparski/Getty Images) Virgin Active, the gym chain founded by Sir Richard Branson, has significantly slashed its losses as its ...</p>\n\n<a href=\"https://www.cityam.com/branson-backed-virgin-active-slashes-losses-amid-wfh-battle/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WFH","symbol_name":"Direxion Work From Home ETF","start_time":0,"source_url":"https://www.cityam.com/branson-backed-virgin-active-slashes-losses-amid-wfh-battle/","article_id":"2573959537","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/10/GettyImages-1445597757-2.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/branson-backed-virgin-active-slashes-losses-amid-wfh-battle/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2573959537","pubTimestamp":1759831960,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Sir Richard Branson founded Virgin Active 35 years ago.  Virgin Active, the gym chain founded by Sir Richard Branson, has significantly slashed its losses as its battle with the work-from-home trend continues.The business, which runs 224 international locations, has reported a pre-ax loss of 78.1m for 2024, down significantly from the 146.7m it lost in 2023.New accounts filed with Companies House also show its revenue increased from 511.4m to 576.3m over the same period.Virgin Active’s adult membership grew by five per cent to more than one million and is now back above pre-pandemic levels.Virgin Active is majority owned  by private equity firm Brait, which itself is controlled by South African billionaire Christo Wiese.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.Sir Richard Branson’s Virgin Group holds a 16.8 per cent stake while Titan Premier Investments has a 7.9 per c","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WFH":"Direxion Work From Home ETF"},"translate_title":"布兰森支持的维珍活跃在在家办公之战中大幅削减亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WFH":1.5},"content_text":"Sir Richard Branson founded Virgin Active 35 years ago. (Photo by John Lamparski/Getty Images) Virgin Active, the gym chain founded by Sir Richard Branson, has significantly slashed its losses as its battle with the work-from-home trend continues.The business, which runs 224 international locations, has reported a pre-ax loss of £78.1m for 2024, down significantly from the £146.7m it lost in 2023.New accounts filed with Companies House also show its revenue increased from £511.4m to £576.3m over the same period.Virgin Active’s adult membership grew by five per cent to more than one million and is now back above pre-pandemic levels.\n\nVirgin Active is majority owned (67.6 per cent) by private equity firm Brait, which itself is controlled by South African billionaire Christo Wiese.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSir Richard Branson’s Virgin Group holds a 16.8 per cent stake while Titan Premier Investments has a 7.9 per cent holding.\nPlay Video\nSubscribe to the Boardroom Uncovered show from City AM here.No London listing for Virgin ActiveVirgin Active was founded in the late 1990s by Sir Richard Branson and Matthew Bucknall, who stepped down as CEO in 2022.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2573959537","isCrawlerRequest":true}