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NFL star befriended by Buffett invests in 'micro-gyms' concept


NFL star befriended by Buffett invests in micro-gyms concept
Sandrine Rastello, Bloomberg News
Ndamukong Suh
, Getty Images
Wilfred Valenta opened his first “micro-gym” almost two years ago, repurposing a 580-square-foot office space in downtown Montreal and renting it out by the hour to fitness trainers and small workout groups.
He couldn’t have known back then how fortuitous his timing was.
 
Now, with the COVID-19 pandemic forcing many big gyms to stay closed, his company, Silofit Inc., is rushing to scale up. After five openings since September, it’s adding a dozen locations in Toronto next year.
It’s also accelerating plans to enter the US$32 billion gym market in the U.S., backed by money from U.S. and Canadian venture capital firms and Ndamukong Suh, a defensive tackle for the NFL’s Tampa Bay Buccaneers who counts billionaire Warren Buffett as a friend and ....

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Gyms, fitness centers in trouble because of lockdowns, surveys find - Carolina Journal


About 25% of gyms in the U.S. will close by year’s end, a new study shows. 
The global pandemic is the biggest disruption the fitness industry has ever faced, writes Nick Rizzo of RunRepeat, which specializes in shoes for athletes and studies the fitness industry.
It’s also estimated the gym and health club industry lost $13.9 billion from mid-March to Aug 31, according to data compiled by the International Health, Racquet & Sportsclub Association.
Gov. Roy Cooper closed gyms in March but allowed them to reopen at limited capacity several months later. Masks are required, even while working out, according to his executive order. ....

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