Fitness chain Gold's Gym files for bankruptcy protection | Editorji
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Fitness chain Gold's Gym files for bankruptcy protection

May 05, 2020 18:02 IST

With fitness studios forced to shut due to the coronavirus pandemic, Gold's Gym is seeking bankruptcy protection as it copes with piling debt payments. The fitness chain has listed close to $100 million in assets and liabilities, according to CNBC. The chain owns over 700 gyms around the world and at least of the 30 company-owned gyms in the US will be shuttered due to the Chapter 11 filing. However, the company statement says that franchise-owned outlets will not be affected by the restructuring. 

Wellness