Equinox-Owned Blink Fitness Files for Chapter 11 Bankruptcy, Impacting 100 Locations

Aug 12, 2024, 01:41 PM

Blink Fitness, a low-cost gym chain owned by Equinox, has filed for Chapter 11 bankruptcy. The company, known for offering memberships as low as $15 to $40 per month, is facing stiff competition and higher operational costs. Blink Fitness operates 100 locations and has liabilities amounting to hundreds of millions. The bankruptcy filing includes plans to explore a sale of the business.