This beloved gym chain has just filled a bankruptcy
While the physical condition community continues to suffer the effects of stops, this gym has touched difficult times.
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Staying healthy physical throughout the Covid pandemic has been a challenge. But it is only more difficult than gymnasiums have been forced to close a considerable period of time this year - and some needed to close their doors. The last victim? This week, the beloved California chainThe integrated form announced just filed for bankruptcy. Learn more about the future of this regional channel and for a similar business that stops, discoverThis popular gym closes all its locations.
The integrated form has been a fixing of the California fitness scene for nearly 40 years, but because of COVID, the company has announced on its website that it wasFiling of Chapter 11 Protection against bankruptcy On December 16 "" As you know, the mandatory California stop of the Gymnas kept closed for the best part of 2020, "read the statement, noting that thestatement of state Have "the revenues of [in the form of the spectacular shape]". The company has therefore decided to "take steps to restructure so that we can focus our resources to ensure long-term viability".
Like many states, California was beatenIncreasing number of CVIV-19 casesAnd in mid-November Gov.Gavin Newsom said he pulled the "emergency brake" andRestore strict security measures. As a result, most of the 58 state counties have been placed under the strictest level of restrictions, which includedClosing gyms, as well as the interior operations of the aisles of bowling, cinemas, museums and zoos.
The good news is the shape of the integrated form is not at least not yet. The company expects to go out on the other side of this period "with a smaller and more targeted portfolio of about 45 California clubs", although this did not specify locations that can survive restructuring. The statement emphasized that the chain would not be fully disappearing: "Shape-shaped helped Californians stay healthy, healthy and happy for nearly 40 years and we are not going anywhere."
Read for the last time on other well-established brands who have seen their fortune plunges during the current pandemic and another company in difficulty, read whyThis emblematic channel closes more than 1,000 stores by March.
Read the original article onBetter life.
1 Cm
![AMC Theatres marquee in Times Square](https://xfs-n00.mpcdn.org/thumb/arup/403/403a64ab1ee1c274d9b5f4109dce604b2e96d8e0_1200_798_309732.jpeg)
The largest cinema chain in the United States is currently blurringRename $ 750 million in funding To ensure its future after a year of cinemas and studios earmarked for freeing their new movies directly to streaming and demand services. Bloomberg reported that the campaign toAMC locations have been down 92% in the fourth quarter, compared to the same period in 2019.
Besides,AMC stocks took a huge shot This week, when the news erupted that a set of superior creditors werePush for the chain to deposit in chapter 11, according to the idiot of motley. And for another hard pill to swallow, checkThis legendary store has just announced its bankruptcy deposit.
2 Francesca
![francescas clothing store exterior entrance](https://xfs-n00.mpcdn.org/thumb/arup/85b/85b15a60d8253277060c17f12703c0510ed3bf41_1200_800_233570.jpeg)
During the first week of December, Tween Eclessy and Young Adult Store Francesca announced the first time it depositsChapter 11 Protection against bankruptcyAnd soon the company revealed that 97 stores would closing. This followed the November announcement that140 locations would obtain, totaling more than one third of the 700 chain locations. And for another elegant business making big changes, checkThis iconic clothing chain closes its main stores.
3 Topshop
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November saw the British parent company behind the trendy fashion companyTopshop goes into the administration (the equivalent of the U.K. Chapter 11). "TheForced closure of our stores For periods supported as a result of the Pandemic of Covid-19 had a significant impact on the negotiation of our companies, "said a spokesman for Sky News on November 27. And for more detail news delivered directly to your inbox,Sign up for our daily newsletter.
4 Gamestop
![the entrance of a Game Stop store in a mall in Kokomo, Indiana](https://xfs-n00.mpcdn.org/thumb/arup/04b/04be5a969139aebe05684ce18f35d0934258b96d_1200_800_249038.jpeg)
Gamestop alreadyClosed nearly 800 stores During the previous two years, but early December, the world's largest video game retailer announced that it would beClose more than 1,000 stores at the end of his fiscal year in March. However, CEOGeorge Shermanis always optimistic, depending on the game industry. "We are planning for the first time many figures that the fourth quarter will include positive growth and profitability of sales and profitability, reflecting the introduction of new game consoles, our high omni-channel capabilities and benefits. continuous of our cost and costs. Efficacy initiatives, even with the potential negative impacts on our operations due to the Global Pandemic Covid-19, "he said in December 8, call yourself with investors. And for more new video, know that If you bought this year's most popular gift, you need to get a refund. .
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