PureGym to acquire Blink's corporate operations and a significant number of locations, primarily in New York and New Jersey An affiliate of JTRE Holdings LLC to acquire Blink's Chicago , Houston , and California locations Sale expected to close later this year NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Blink Fitness ("Blink" or the "Company"), the affordable fitness brand known for its commitment to an inclusive and inviting environment, today announced that the U.S.
Bankruptcy Court has approved the sale of Blink's corporate operations and New York and New Jersey locations to PureGym. On November 7, 2024 , the Court also approved the sale of Blink's Chicago , Houston , and California locations to an affiliate of JTRE Holdings LLC ("JTRE"). "We are pleased to have reached another milestone in our sale process, and look forward to emerging an even stronger business, under new ownership that believes in the value of our mission," said Guy Harkless , President and Chief Executive Officer of Blink Fitness.
"We are excited to continue our work to position the business and various gyms for long-term success, as we remain focused on providing members with an inclusive, community-focused gym experience. I'd like to reiterate my thanks to each member of Blink Nation, who go the extra mile every day, providing members with an elevated gym experience." Humphrey Cobbold , CEO of PureGym commented, "We are delighted with the court approval which sets us well on the way to completion later t.