24 Hour Fitness files for bankruptcy and closes over 130 gym locations across the US - Business Insider

The news comes just days after the fitness chain said it would be

"If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11," he said. "With that said, we intend to use the process to strengthen the future of 24 Hour Fitness for our team and club members, as well as our stakeholders." Through its Chapter 11 filing, 24 Hour Fitness said it has secured around $250 million in funding to enable it to reopen its remaining locations and resume business. It expects the majority of its remaining 300 or so locations to be open by the end of the month.

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