Blink Fitness, an affordable gym chain under the ownership of luxury fitness giant Equinox Group, has filed for Chapter 11 bankruptcy protection.
With over 100 locations across the U.S., Blink Fitness joins the growing list of gym chains seeking bankruptcy after the pandemic, including New York Sports Club, 24 Hour Fitness, and Gold’s Gym.
The company has announced its intention to sell the business, listing its assets and liabilities between $100 million and $500 million. During the sale process, Blink Fitness plans to keep its centers open and operational, according to a company statement.
The attorneys at Outside Legal Counsel LLP have extensive experience with advising Companies that are considering filing for bankruptcy. Reach out to us to schedule a consultation.
This is not legal advice and is attorney advertising.
Disclaimer: Nothing on this website is or should be construed as legal advice. An attorney-client relationship does not exist with our firm unless a signed retainer agreement is executed, and we do not offer legal advice through this site or any of the content located on it. For legal advice for your particular circumstances, please contact us directly.
