Virgin Active raises £88.4m, buys Real Foods health chain

Virgin Active Holdings Raised £88.4-million From backers including billionaire Christo Wiese, and will expand with the acquisition of the nutrition assets of South Africa’s Real Foods Group. The UK health chain, part-owned by Richard Branson’s Virgin Group and private-equity firm Brait, plans to create a combined fitness and nutrition company, according to a statement on Friday. Dean Kowarski, 52, who founded Real Foods in Cape Town in 2013, will become CEO of the enlarged company.

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