This beloved gym chain closes 100 locations
If you are a member of this gym, your local branch may be disappearing in the near future.
If you are looking forward toget back in the gym After months at home, you are not alone. However, for members of a gym chain, this workout space may not be there to return. 24 hours of fitness announced that it will beClose 100 of its gymnasiums Out of 14 States and Filing of the Bankruptcy of Chapter 11. In his statement on June 15, CEO of Fitness 24 hours a dayTony UEBER did not score words when it came to identify the culprit behind the financial misfortunes of the company: "If it were not forCOVID-19 and its devastating effects, we would not be classified in Chapter 11. "
However, Uber assured the members that about 300 of the gym facilities will remain open. He also suggested that there could be potential for expansion in the future.
By closing some of the chain gym ", we will get a financial force and flexibility to accelerate our company's processing plan, which includes reinvestment in our existing clubs, opening new clubs and introducing several new products and services innovative Who will improve the physical fitness experience for our club members and invited for many years to come, "UEBER said.
Fortunately, even if your 24-hour fitness branchis Closing, this does not mean that you will need to start an immediate search for a new gym. UEBER also announced that all four million members of the 24-hour fitness, regardless of their current level of membership, will be able to work in one of the remaining gymnasiums of the chain until the end 2020.
RELATED:For more information up to date, sign up for our daily newsletter.
The 24-hour fitness is not the only gym chain that was affected by Covid-19; in May,Gold's gym announced its own chapter 11as well as shutter projects of 30 of its gyms. Gold still contains nearly 700 gyms around the world. And if you resume your workouts, read it onThe worst thing you can touch at the gym, the CDC says.
