Blink Fitness Cuts 10% of Locations Following Bankruptcy Filing
Blink Fitness Announces Closures
Blink Fitness has revealed plans to close 10 percent of its gyms following its recent filing for Chapter 11 bankruptcy protection. The gym chain operates a total of 101 locations, meaning this decision affects 10 gyms.
Reason for Closures
The closures are part of a larger strategy to stabilize finances during this difficult period. By reducing the number of locations, Blink Fitness aims to focus resources and manage costs more effectively.
Future Outlook
As the company seeks to navigate the bankruptcy process, it hopes to emerge stronger with a more sustainable gym model.
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