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What will be the outcome of Blink Fitness's bankruptcy filing by end of 2024?
3
Resolution / Starting Odds
Reorganization • 25%
Sale to another company • 25%
Liquidation • 25%
Other • 25%
Official bankruptcy court filings and public statements from Blink Fitness
Story
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.
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Similar markets
Yes • 50%
No • 50%
Less than $100 million • 25%
$100 million to $200 million • 25%
$200 million to $300 million • 25%
More than $300 million • 25%
Planet Fitness • 25%
LA Fitness • 25%
24 Hour Fitness • 25%
Other • 25%
0-25 • 25%
26-50 • 25%
51-75 • 25%
76-100 • 25%
Reorganization and emergence from bankruptcy • 25%
Sale to another company • 25%
Liquidation of assets • 25%
Other • 25%
Emerges successfully • 25%
Acquired by another company • 25%
Liquidates assets • 25%
Other • 25%
Emerge successfully • 25%
Liquidate assets • 25%
Merge with another company • 25%
Other outcome • 25%
Going-concern sale • 25%
Liquidation • 25%
Debt restructuring • 25%
Other • 25%
Sale to Nexus Capital Management completed • 25%
Sale to another bidder • 25%
Reorganization without sale • 25%
Liquidation • 25%