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NEWS
24 Hour Fitness begins reopenings amid rumours of Chapter 11
POSTED 01 Jun 2020 . BY Tom Walker
The operator has introduced a number of COVID-19 measures at its reopened clubs Credit: 24 Hour Fitness/Youtube
Health club chain 24 Hour Fitness has reopened some of its sites in Texas and is preparing to open further locations in Florida and Hawaii, the three states in which it has operations and where gyms are allowed to reopen.

Clubs to have already reopened are the company's six sites in Houston and 10 in Dallas/Fort Worth. They will be followed by three locations in Miami and seven in Hawaii – all of which are scheduled to open in mid-June.

The operator has introduced a number of COVID-19 measures at the reopened clubs – including spacing cardio equipment six feet apart to ensure physical distancing and the requirement for members to pre-book 60-minute workout sessions using the 24GO app.

The reopenings came as a number of US-based media report the company – which has more than 430 locations – is considering filing for Chapter 11 bankruptcy protection to allow it time to reorganise its affairs.

The Wall Street Journal, Bloomberg and USA Today were among those to say the company was seeking a loan to allow it to restructure the business following the COVID-19 pandemic.

In a statement to the media, 24 Hour Fitness said: "We are considering a broad range of options to ensure the long-term sustainability and success of 24 Hour Fitness and we are not going to comment publicly on our strategic plans."

In April, 24 Hour Fitness was among a number of US gym operators hit by lawsuits relating to the collection of membership fees during the lockdown.

In May, franchised fitness giant Gold's Gym filed for Chapter 11 bankruptcy protection, as part of a restructuring process which will see at least 30 company-owned gyms close permanently.
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  24 Hour Fitness appoints new CEO, reveals strategy focusing on personalisation


24 Hour Fitness has named Tony Ueber has its new chief executive, replacing outgoing CEO Chris Roussos.
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NEWS
24 Hour Fitness begins reopenings amid rumours of Chapter 11
POSTED 01 Jun 2020 . BY Tom Walker
The operator has introduced a number of COVID-19 measures at its reopened clubs Credit: 24 Hour Fitness/Youtube
Health club chain 24 Hour Fitness has reopened some of its sites in Texas and is preparing to open further locations in Florida and Hawaii, the three states in which it has operations and where gyms are allowed to reopen.

Clubs to have already reopened are the company's six sites in Houston and 10 in Dallas/Fort Worth. They will be followed by three locations in Miami and seven in Hawaii – all of which are scheduled to open in mid-June.

The operator has introduced a number of COVID-19 measures at the reopened clubs – including spacing cardio equipment six feet apart to ensure physical distancing and the requirement for members to pre-book 60-minute workout sessions using the 24GO app.

The reopenings came as a number of US-based media report the company – which has more than 430 locations – is considering filing for Chapter 11 bankruptcy protection to allow it time to reorganise its affairs.

The Wall Street Journal, Bloomberg and USA Today were among those to say the company was seeking a loan to allow it to restructure the business following the COVID-19 pandemic.

In a statement to the media, 24 Hour Fitness said: "We are considering a broad range of options to ensure the long-term sustainability and success of 24 Hour Fitness and we are not going to comment publicly on our strategic plans."

In April, 24 Hour Fitness was among a number of US gym operators hit by lawsuits relating to the collection of membership fees during the lockdown.

In May, franchised fitness giant Gold's Gym filed for Chapter 11 bankruptcy protection, as part of a restructuring process which will see at least 30 company-owned gyms close permanently.
RELATED STORIES
Gold's Gym files for bankruptcy protection


Franchised fitness giant Gold's Gym has filed for Chapter 11 bankruptcy protection, as it struggles with the impact of coronavirus lockdowns.
24 Hour Fitness launches active ageing programme to attract 'grey dollar'


Health club operator 24 Hour Fitness has introduced a nationwide active ageing programme as part of efforts to encourage seniors to incorporate regular exercise into their lives.
24 Hour Fitness appoints new CEO, reveals strategy focusing on personalisation


24 Hour Fitness has named Tony Ueber has its new chief executive, replacing outgoing CEO Chris Roussos.
MORE NEWS
Snap Fitness' holding company – Lift Brands – is up for sale
Speaking to HCM, global CEO of Lift Brands, Ty Menzies, has confirmed that the company –  owner of Snap Fitness and Fitness On Demand – is up for sale.
Planet Fitness increases price of basic membership for first time in over 20 years
Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired, using cash.
Xponential dumps Geisler as company faces investigation by US Attorney’s Office
Xponential Fitness today indefinitely suspended founder and CEO, Anthony Geisler, saying it had been notified on 7 May that the company is facing a legal challenge by the United States Attorney’s Office for the Central District of California.
Fast Fitness Japan acquires master franchisee rights to Anytime Fitness Germany
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