Los Angeles-based World Gym International has been acquired by World Fitness Services, Ltd (WFS), the parent company of World Gym Taiwan.
WFS, a publicly listed company on the Taiwan Stock Exchange, is the largest franchisee in the World Gym network. WFS owns and operates 130 World Gym fitness centers in Taiwan.
World Gym International said WFS brings substantial resources and expertise to the table, enabling World Gym to further solidify its position as a global leader in the fitness industry. John Caraccio, chairman of WFS, will serve as interim CEO of World Gym International, while Michael Sanciprian, former CEO of WFS, shall serve as executive director. Under the leadership of Caraccio and Sanciprian, World Gym Taiwan grew from a single location in 2001 to 130 today.
“As long-time partners and passionate advocates for the World Gym brand, we are thrilled to lead this next phase of growth,” said Caraccio. “We are committed to upholding the values that have made World Gym an iconic name in fitness while driving innovation and expansion in international markets.”
