Joe Gold, the founder of Gold's Gym and World Gym, died in Los Angeles on July 12. He was 82. Gold was responsible for two fitness chains, as well as the design of a line of fitness equipment. In the mid-1960's, Gold opened Gold's Gym in Los Angeles only to sell it, along with the name, six years later. The new owners franchised Gold's Gym and opened hundreds of sites. In 1977, Gold founded World Gym and began franchising the concept. It grew to more than 300 locations.
Posted by franchiselawblog at July 14, 2004 11:25 AM