Equinox-Owned Blink Fitness Files for Bankruptcy, Impacting 100 Locations

Aug 12, 2024, 11:47 AM

Blink Fitness, a low-cost gym chain owned by Equinox, has filed for Chapter 11 bankruptcy protection. The company, which operates 100 locations, cited stiff competition and higher costs as reasons for its financial struggles. Blink Fitness is known for its affordable $40 memberships and aims to make fitness accessible to everyone. The bankruptcy filing includes plans for a sale of the company, which is burdened with hundreds of millions in liabilities.