This popular gym closes all its locations

The beloved chain deposited for the bankruptcy of Chapter 11 and will close all 66 studios.


Working at the gym, an interior space where people breathe strongly, probably does not sound ideal for many of us right now. But this week, the news of an epidemic confirmed thatGymnasiums are one of the most dangerous places You could be in the middle of the coronavirus pandemic. Theinfection epidemic In question occurred in Canada of a single Spin studio, which finally 70 people. With many old gyms canceling memberships for their health, wellness studios had to close their doors. And now, another bit the dust.The beloved studio yoga chain, Yogaworks will close its locations after 33 years of activity.The chain based on California with 66 studios across the United States filed for bankruptcy of Chapter 11 and isClose permanently all its studios, according to a report of October 15 inThe Journal de Wall Street.

The Yogaworks had initially announced temporary closures of all its studios because of COVID precautions, revealing in April that its studios based in New York would make the end. "Economic realities are clear that there is no way to reduce our losses and get the New York region to break - even," said Yogaworks CEOBrian Cooper in a statement at the time. He added that the company had "desperately tried to keep New York afloat. "

yogaworks exterior shot
Shutterstock / David Toneson

Yogaworks do not stop operations completely, however. Serene investment management will purchase Yogaworks' digital and educational weapons, including the brand's intellectual property and the company will rotate on online instructions.

Cooper said in an October statement that Yogaworks is nowOffering more than 40 yoga classes streaming live daily and more than 1,000 hours of pre-recorded instruction. Yogaworks "will continue to rely on the strengths of our digital and educational platforms, both of which have been proven to succeed and have experienced significant growth in recent months," added Cooper.

This is not a new for you that YogaWork is not the only company inFinancial disorder in the middle of the pandemic coronavirus. Read it to find out which other companies have been closed because of COVID. And if you want to stay safe during the exercise,This is the worst thing you can touch at the gym, the CDC says.

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Flying tiger

Flying Tiger
Refuge

Retailer Danish eclectic flying Tiger announced on October 14th that it would definitely beshut up In the United States "For 5 years, we liked to provide daily magic for thousands of people in New York, New Jersey and Massachusetts. We built an incredible team of store colleagues. We had our ups and downs, cornI always felt the love of our customers ... and this love is reciprocated, "said the chain in a statement. And for more companies that close the shop,This 200-year-old shoe business could disappear.

2
L'Oréal

loreal makeup display
Shutterstock / Ty Lim

Emblematic beauty mark L'Oréal announced in October that it would beClose some of its status stores In the midst of the financial pressures related to COVID.

"The luxury consumer behavior in the United States has fundamentally evolved and L'Oréal-USA evolving its activities to meet these new expectations and consumer preferences," said the company in a statement. And for more changes in this industry, checkThis beloved beauty product starts to be banned.

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Pier 1

Pier 1 Imports store with closing sign
Refuge

Home Banky Store Pier 1 filed for bankruptcy in May and is currently closing all its retail operations. The company has announced that it intends to have all its brick and remaining mortar stores clogged by the end of October. And for more detail news delivered directly to your inbox,Sign up for our daily newsletter.

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Lord & Taylor

Lord and Taylor store with closing sale sign
Refuge

The Lord & Taylor department store announced its Chapter 11 of the bankruptcy deposit in August and is closing all its retail operations.Ed KremerThe Society's restructuring head stated in a statement that Lord & Taylor thought it "prudent to simultaneously put the rest of the shops in the liquidation to maximize the value of the stocks for the domain while pursuing options for the marks of the company".


Categories: Smarter Living
Tags: Fitness / News
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