TAICHUNG, Taiwan – June 13, 2025 –World Gym International (WGI), the franchise arm of World Gym. Corporation (2762.TW), has entered into a Master Franchise Agreement (MFA) with Flag Holding LTDA to significantly expand its footprint in Brazil to 50 World Gym locations within five years.
Flag Holding is led by CEO Flavia Almeida, co-owner and operator of 17 World Gym locations in Goiás and the Federal District of Brasília. Since opening the first World Gym in Brasília in 2012, Almeida has established the brand as the premier fitness chain, offering the largest selection of strength and cardio equipment.
The MFA grants Flag Holding LTDA exclusive rights to expand World Gym into Brazil’s 25 other states. This strategic partnership will position Brazil as the third-largest World Gym market, following Taiwan and Australia, and greatly enhance World Gym’s presence in South America.
“We are thrilled to partner with Flag Holding LTDA and Flavia Almeida, whose vision and proven success in Goiás make them the ideal partner to drive World Gym’s growth across Brazil,” said John Caraccio, CEO of World Gym International. "This agreement marks a significant milestone in our global expansion strategy, bringing our world-class fitness offerings to more communities in South America.”
Flavia Almeida, CEO of Flag Holding, added, “We have received strong interest from potential franchisees across Brazil, who desire to operate the iconic World Gym brand with its proven systems and IT support. We have several franchise agreements pending completion at this time.”