Reported 2 months ago
Blink Fitness, a budget gym chain owned by Equinox, has filed for Chapter 11 bankruptcy to facilitate a sale of the business while ensuring its gyms remain operational. With over 100 locations, the company has received $21 million in new financing and reported a 40% revenue increase over the past two years. This move comes as the fitness industry continues to recover from the impacts of the COVID-19 pandemic.
Source: YAHOO