Fitness equipment maker Tempo, whose home workout systems retail for nearly $2,000, has seen its valuation hit $250 million amid a massive surge in interest as the pandemic shut down brick-and-mortar gyms. The San Francisco company just raised $60 million in venture funding that the...
Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported. The rise comes as more companies succumb to the financial ills of the pandemic and are looking for protection against...
Now that many consumers have to make appointments to go to the gym or use a specific piece of equipment amid the pandemic, will they want to visit fitness clubs again? Gyms are already experiencing a rocky reopening, with reports of potential coronavirus infections at...
Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company statement. The Wall Street Journal reported that the Dallas-based chain will permanently shutter 32 corporate-owned gyms and restructure its balance...
July 02, 2020
Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported. The rise comes as more companies succumb to the financial ills of the pandemic and are looking for protection against creditors, according to legal services firm Epiq Services. In 2019, […]
July 01, 2020
Now that many consumers have to make appointments to go to the gym or use a specific piece of equipment amid the pandemic, will they want to visit fitness clubs...
May 05, 2020
Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company statement. The Wall Street Journal...
