Derrimut gym empire enters administration

Derrimut gym empire enters administration

A key entity in the Derrimut fitness empire entered into voluntary administration on Thursday, an internal source confirmed.

Derrimut 24:7 founder Nikolaos Solomos places key company into administration

Derrimut 24:7 Gym founder Nikolaos Solomos has placed the largest company in his struggling fitness empire into administration, days after billionaire Adrian Portelli withdrew from a rescue deal. In a message to staff on Thursday, November 6, Solomos said the decision was “not made lightly” but was a “proactive step to restructure, protect jobs, and position the business for a stronger future.” He assured employees they would continue to be paid…