A Blink Fitness gym is seen on Flatbush Avenue on August 12, 2024 in the Flatbush neighborhood of the Brooklyn borough in New York City. Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy protection. The fitness brand, with more than 100 centers in the U.
S., is the latest chain to seek bankruptcy post-pandemic, following companies such as New York Sports Club, 24 Hour Fitness and Gold's Gym. The company plans to sell its business and has listed its assets and liabilities at $100 million and $500 million, respectively.
It plans to continue to operate its fitness centers during the sale process, according to a release. "Over the last several months, we have been focused on strengthening Blink's financial foundation and positioning the business for long-term success," Guy..
. Brandon Gomez.
