Corporate headquarters are in the Dallas metropolitan area. Brockway Moran had acquired the company in 1999 for more than $50 million. It was acquired from its previous owner, private equity firm Brockway Moran & Partners, by Robert Rowling's TRT Holdings in 2004 for approximately $158 million. Corporate information Gold's Gym in Cairo along the Nile 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. ![]() The original Gold's Gym logo, a bald weightlifter holding a barbell, was designed in 1973 by professional wrestler Ric Drasin, who was Schwarzenegger's training partner for four years. The company licenses its name to products such as fitness equipment and clothing. Gold's Gym was one of the first companies in the health and fitness industry to franchise, starting in 1980. German fitness company RSG Group acquired Gold's in August 2020. Another private equity firm, TRT Holdings, bought Gold's Gym in 2004. and the world in 1999, when it was sold to private equity firm Brockway Moran & Partners. Grymkowski's brother became the licensing director, which helped bring the Gold's Gym name from one location to over 534 throughout the U.S. 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. ![]() World bodybuilding champion) and his partners. Subsequent ownership, franchising, and image įrom 1979 to 1999, Gold's Gym was owned by Peter Grymkowski (a Mr. Gold's Gym continues to be considered a landmark in bodybuilding culture and has achieved cult status. By 1979, when Sprague sold Gold's Gym, it was the most famous gym in the world. America had more press requests than the 1977 Academy Awards. America Day parade held in Santa Monica, sponsored and conceived of by Sprague, the profile of Gold's gym grew even larger. This brought attention not only to the gym itself but also to bodybuilding and physique in general.Īfter the release of the movie, and along with the 1977 Mr. Sprague told Butler that he would paint the windows over to minimize back light, and let Butler mount a lighting grid to the inside ceiling, convincing Butler to use Gold's Gym as the primary location for filming Pumping Iron. In 1975 George Butler was going to film the docudrama Pumping Iron (1977). Sprague was the first owner of Gold's to actually sponsor and hold bodybuilding competitions, and his promotional skills and film industry contacts helped build the establishment's profile. Sprague purchased it in late 1971 this kept the gym running. ![]() They offered to sell it to Ken Sprague, a gym member who visited frequently. They realized that running the gym was not a plausible operation they were going to close it and reopen the location as an antiques shop. He and Saxe were co-owners of the gym for almost two years. In 1970, Gold sold the gym which was failing at the time to Bud Danits, most commonly known as an antique dealer, and Dave Saxe who was a jeweler. ![]() Featuring homemade equipment and dubbed "the Mecca of bodybuilding", it was frequented by Arnold Schwarzenegger and Dave Draper. Joe Gold opened the first Gold's Gym in August 1965, in Venice Beach, California, long before the modern day health club existed. Gold's Gym's headquarters have relocated to Dallas.Ĭorporate history Gold's Gym in Round Rock, Texas Gold's Gym in Venice, California Each gym offers a variety of cardio and strength training equipment as well as group exercise programs. is an American chain of international co-ed fitness centers (commonly referred to as gyms) originally started by Joe Gold in Venice Beach, California.
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