Chapter 11 news

The original founder of 24 Hour Fitness, Mark Mastrov, is returning as owner and executive chair.  Mastrov has partnered with private equity firm, LongRange Capital, ... More

Fifty-six former Blink Fitness gyms in New York and New Jersey have been upgraded and rebranded as PureGym and are now open for business.  Unveiled ... More

Following the completion of PureGym’s Blink Fitness acquisition, outgoing CEO, Humphrey Cobbold, and incoming CEO, Clive Chesser, lift the lid on the rollercoaster journey. “I ... More

It has been confirmed that PureGym is the winning bidder in the auction for US operator, Blink Fitness, with a successful bid of $121 million. ... More

Pure Gym has raised the necessary funds to allow the purchase of Blink Fitness, which had filed for protection under Chapter 11 of the US ... More

PureGym is making a bid for the majority of the assets of Blink Fitness, which was put into Chapter 11 by owner, Equinox, on 12 ... More

Blink Fitness, the affordable fitness brand founded in 2011 and owned by Equinox Holdings, has filed for Chapter 11 bankruptcy in the District of Delaware, ... More

Rainer Schaller, founder and CEO of RSG group and his partner and two children are presumed dead after the private plane in which they were ... More

TRX has been acquired by its founder, Randy Hetrick and Jack Daly of private equity firm JFXD Capital, who has become CEO. Hetrick will act ... More

Rainer Schaller Global Group (RSG Group) has opened a huge flagship Gold's Gym club in the German capital city Berlin. Marketed as the “gym of ... More

24 Hour Fitness will emerge from chapter 11 bankruptcy this week after the gym chain secured backing for its restructuring plan. The US Bankruptcy Court ... More

Digital fitness tech and on-demand platform, Intelivideo, has appointed former Gold's Gym CEO, Adam Zeitsiff, as its new president and CEO. Zeitsiff will take up ... More

Indoor cycling brand, Flywheel, has filed for Chapter 7 bankruptcy and closed all its US studios – just months after settling a legal case with ... More

Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure ... More

Rainer Schaller, the founder of budget gym megabrand McFIT, has added iconic franchised chain Gold's Gym to his portfolio of fitness businesses. The deal, worth ... More

Gold's Gym is battling to get out of Chapter 11 bankruptcy protection by innovating its business model and going after a wider market. The company ... More

Health club chain 24 Hour Fitness has filed for Chapter 11 bankruptcy protection, blaming the "disproportionate impact of the COVID-19 pandemic" on its operations. There ... More

Health club chain 24 Hour Fitness has reopened some of its sites in Texas and is preparing to open further locations in Florida and Hawaii, ... More

Franchised fitness giant Gold's Gym has filed for Chapter 11 bankruptcy protection, as it struggles with the impact of coronavirus lockdowns. In a statement, CEO ... More

Hong Kong-based global conglomerate Chow Tai Fook Enterprises Limited (CTFE) – parent company of Rosewood Hotel Group – has bought the troubled US$3.5bn Bahamian mega-resort ... More

It’s nearly the end of August and many of us have been on our holidays, but things in the spa industry haven’t slowed down. This ... More

The giant Baha Mar resort complex slated for the Bahamas will resume construction in September, following a new agreement with the Bahamian government and the ... More

In the ongoing saga of the delayed opening of the US$3.5bn (€2.7bn, £2.2bn) Baha Mar resort, Bahamian Prime Minister Perry Christie said last week that ... More

The long-running saga of the US$3.5bn (€2.7bn, £2.2bn) Baha Mar resort complex in the Bahamas has taken another twist, after its developer announced that it ... More

US-based health club operator LA Fitness has completed its acquisition of 171 Bally Total Fitness clubs in North America. The deal, believed to be worth ... More