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Virgin Active Raises £88.4 Million, Buys Real Foods Health Chain

  • Gym chain gets funding from backers such as billionaire Wiese
  • Real Foods founder Dean Kowarski to be Virgin CEO after merger

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Virgin Active Holdings Ltd. raised 88.4 million pounds ($118 million) from backers including billionaire Christo Wiese, and will expand with the acquisition of the nutrition assets of South Africa’s Real Foods Group.