Gyms

24 Hour Fitness bankruptcy: Which gyms are closing?

24 Hour Fitness Worldwide Inc. sought court protection from its creditors, unable to keep up with debt payments after the COVID-19 pandemic shut down gyms nationwide.

The company will permanently close about 130 gyms, including 18 locations around the Greater Los Angeles area and Orange County.

For the record:

1:31 PM, Jun. 15, 2020An earlier version of this article included a list of gyms slated for closure that incorrectly described several as being located in Los Angeles County.

The fitness chain’s Chapter 11 petition was filed in Delaware, court papers show. Such a restructuring allows a company to keep operating while it works out a plan to pay its creditors and ease its debt load of $1.4 billion, plus lease obligations.

24 Hour lined up $250 million in so-called debtor-in-possession financing backed by its creditors to allow the company to continue operating as it starts reopening locations across the

Read More

California gyms reopening: Gov. Gavin Newsom says guidelines for reopening CA gyms, fitness centers coming in ‘week or so’

SAN FRANCISCO — When do gyms reopen in California and what will they look like when they do? Gov. Gavin Newsom held a roundtable discussion on Wednesday to talk about reopening the fitness industry amid the COVID-19 pandemic.

The participants shared how they are dealing with the crisis, how they are adapting their workplaces, and what opportunities they see to reinvent their businesses and our state’s economy.

Newsom says he hopes that within a week or so, the state can release guidelines for reopening gyms. But he also points out that the fitness industry is multi-faceted and he doesn’t want to be naive and just put out something bland that doesn’t meet the unique criteria and considerations.

In the meantime, some gyms and instructors have been able to switch to virtual, one-on-one classes to make money. “We’re continuing to work our mission virtually,” one fitness industry member said.

Breaking down

Read More

Coronavirus rules for reopening California gyms coming soon

Gov. Gavin Newsom on Wednesday said his administration will release guidelines “in a week or so” for allowing gyms, yoga studios and other fitness facilities to reopen, though stringent safeguards will need to be adopted to protect customers from the COVID-19 pandemic.

Newsom cautioned that the state directives will be tailored to the unique characteristics of each business, from large fitness chains to small studios, and will rely heavily on the advice of public health officials in each county.

The governor made the comments during an online roundtable with fitness professionals and business owners Wednesday morning, saying he hopes to allow them to be back in business as soon as possible.

“We also recognize your sector is multifaceted and we don’t want to be naive and just put out something that’s bland and that doesn’t meet your unique criteria and your unique considerations,” Newsom said.

The news comes as Dr.

Read More

Top 10 Gyms in Los Angeles