Mandatory Provident Fund Authority Drives Changes in Hong Kong's Fitness Industry

Mandatory Provident Fund Authority's Role in Gym Acquisition

The Mandatory Provident Fund Authority has stirred interest in the acquisition of the now-defunct Physical gym chain, prompting health and consumer advocates to call for careful handling of customer transitions.

The Emergence of New Investors

• Under the guidance of the Mandatory Provident Fund Authority, Perface Aesthetic is potentially stepping in to rescue the gym chain.
• Consumer Council urges humane approaches as new owners negotiate terms with current gym members.

Impact on Consumers in Hong Kong

With many customers left in a state of uncertainty, the Mandatory Provident Fund Authority underscores the importance of clear communication and reassurance.

Future of Physical Gym Chain and Brand

1. Perface's interview efforts with former employees are aimed at staff retention and enhancing service quality.
2. New branches, namely Perfit, are set to open in prime locations, establishing a potential revival for the brand.