Bankruptcy news

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

As iconic fitness brand Crunch celebrates its 35th birthday, CEO Jim Rowley tells HCM about building it up from the ashes and his aspirations to ... More

PureGym has announced that the U.S. Bankruptcy Court has approved its acquisition of Blink Fitness. PureGym will acquire Blink's corporate operations and up to 67 ... 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

Directors, Aaron McCulloch and James Lorey, have completed a management buy-out of Your Personal Training (YPT) to become the sole owners and operators of Your ... 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

Authorities in Costa Rica have confirmed the death of RSG Group founder, Rainer Schaller and his son Aaron following a private plane crash on 21 ... 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

Private gym chain New York Sports Clubs (NYSC) has acquired boutique brand Fhitting Room, which operates two studios in New York City (Flatiron and Upper ... More

As the UK’s new prime minister Liz Truss prepares an energy bailout, UK Active has sent a letter to the government warning of a “major ... 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

Tech billionaire and hotelier, Larry Ellison, has quietly acquired the lakefront Hyatt Regency Lake Tahoe Resort in Nevada through his venture firm, Lawrence Investments. He ... More

Danish health club operator Repeat, launched in 2016 by serial fitness entrepreneur Rasmus Ingerslev, has filed for bankruptcy. The news comes after the chain, which ... More

US fitness industry revenue dropped 58 per cent during 2020 – from the US$35bn all-time high recorded in 2019 to US$15bn. The figure comes from ... More

Polish medical insurance outfit, Medicover, has rescued Polish operator, Fitness World, out of administration. The 15-club gym chain was placed into bankruptcy by previous owner, ... 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

Humphrey Cobbold, CEO of PureGym, has confirmed to HCM that the company's operations in Poland have been placed into bankruptcy following a strategic review. The ... 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