gyms

Town Sports, the bankrupt owner of New York Sports Clubs, secured $20 million in financing from its lenders to keep it afloat while it searches for a buyer. The tentative deal comes just two days after Town Sports filed for Chapter 11 bankruptcy protection in Delaware and buys the company time to reopen and maintain …

Spinning gym chain Flywheel Sports has filed for bankruptcy with plans to shut down its business, making it the latest victim of the coronavirus pandemic. Flywheel — known for its intense, bicycle-based classes — submitted a bankruptcy petition this week under Chapter 7 of the US bankruptcy code, which companies use to sell off their …

Town Sports International, the owner of New York Sports Clubs, filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic forced its gyms to close and caused revenue to dry up. The company’s assets and liabilities were in the range of $500 million to $1 billion, according to a court filing in the US …

As businesses reopen across the US after coronavirus shutdowns, many are requiring customers and workers to sign forms saying they won’t sue if they catch COVID-19. Businesses fear they could be the target of litigation even if they adhere to safety precautions from the Centers for Disease Control and Prevention and state health officials. But …

Gym chain 24 Hour Fitness filed for Chapter 11 bankruptcy protection on Monday, a victim of the coronavirus lockdown that has shuttered thousands of health clubs across the country. The news was not a huge surprise, as the San Ramon, Calif.-based company laid off a number of employees, including personal trainers, fitness instructors and sales …

The 24 Hour Fitness gym chain recently laid off workers over the phone as it grappled with the coronavirus crisis. The California-based company told employees their jobs were being cut on Wednesday morning phone calls, according to the Wall Street Journal. The invitation to the calls promised “important company updates” but they gave no details …

As US businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, the notices have sprung up across the country, asking guests to acknowledge they might contract a disease that …

Gold’s Gym has filed for Chapter 11 bankruptcy after the coronavirus forced it to shut down its workout venues nationwide. The fitness chain stressed that it’s not going out of business even though the crisis forced it to permanently close 30 company-owned locations. The company plans to work through the restructuring process by Aug. 1 …

Angry gym rats blasted Planet Fitness on Thursday after they learned the chain had charged their accounts for the month of March — despite the fact they’ve been stuck at home because of the coronavirus. “Planet Fitness making sure they snatch my membership fee from my checking account even though gyms are closing nationwide,” Twitter …