Of the 14 states where the company operates, California is by far the state with the most closed gyms, at 42 total. Prior to the bankruptcy announcement, 24 Hour Fitness had about 430 locations this week's cuts equate to about 30% of that total. "We intend to use the process to strengthen the future of 24 Hour Fitness for our team and club members, as well as our stakeholders," said CEO Tony Ueber. fWKHz6jG1M- 24 Hour Fitness June 15, 2020Īccording to a press release, 24 Hour Fitness has secured $250 million in funding to enable it to reopen its remaining gyms. Today, we embark on a new chapter in order to serve our members and communities long into the future. The Wall Street Journal reported that the company laid off an undisclosed number of staff members via phone last week. Spokesperson Karen Bakula declined to comment on any further details about the closures. The four San Francisco gyms that will not be reopening are in Ingleside (3591 Alemany Blvd.), the Castro (2145 Market St.), Noe Valley (3800 24th St.) and North Beach/Fisherman's Wharf (350 Bay St.)Īccording to the company's website, the five remaining San Francisco locations - the Financial District (100 California St.), Ingleside/Ocean (1850 Ocean Ave.), Potrero (1645 Bryant St.), Sutter-Montgomery (45 Montgomery St.) and Van Ness (1200 Van Ness Ave.) - are tentatively set to reopen August 1. This morning, gym chain 24 Hour Fitness officially filed for Chapter 11 bankruptcy, citing the "devastating" effect of COVID-19 on its business.Īs a result, it plans to permanently close 134 gyms nationwide - including four in San Francisco, where all gyms have been closed since mid-March under the Bay Area's shelter-in-place orders.
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