Now that many consumers have to make appointments to go to the gym or use a specific piece of equipment amid the pandemic, will they want to visit fitness clubs again? Gyms are already experiencing a rocky reopening, with reports of potential coronavirus infections at...
24 Hour Fitness, the privately owned gym chain, announced Monday (June 15) that it filed for Chapter 11 bankruptcy protection, according to a press release. The California-based company also said that it will permanently close more than 100 locations, the company said in an online...
Fitness chain 24 Hour Fitness is looking at a possible bankruptcy due to the coronavirus, as well as mounting debt concerns and the fact that every single one of its 448 locations has closed down, according to CNBC. 24 Hour Fitness, which has said it...
Despite increased attendance and a spike in the fitness industry, some middle-market fitness gyms are struggling with debt, according to a report by Bloomberg. Gyms like Town Sports and 24 Hour Fitness are among the troubled brands, and being a mid-tier provider means that a...
July 01, 2020
Now that many consumers have to make appointments to go to the gym or use a specific piece of equipment amid the pandemic, will they want to visit fitness clubs again? Gyms are already experiencing a rocky reopening, with reports of potential coronavirus infections at a West Virginia Planet Fitness location emerging earlier this week. The […]
June 15, 2020
24 Hour Fitness, the privately owned gym chain, announced Monday (June 15) that it filed for Chapter 11 bankruptcy protection, according to a press release. The California-based company also said...
April 19, 2020
Fitness chain 24 Hour Fitness is looking at a possible bankruptcy due to the coronavirus, as well as mounting debt concerns and the fact that every single one of its...
January 27, 2020
Despite increased attendance and a spike in the fitness industry, some middle-market fitness gyms are struggling with debt, according to a report by Bloomberg. Gyms like Town Sports and 24...
