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July 14, 2020

News

Gold’s Gym International To Be Acquired By German Company RSG Group for $100 Million

The new owners of Gold’s Gym International, pending bankruptcy court approval, will be the same company that owns the McFIT brand in Europe.

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Reopened Gyms Aren’t Spreading COVID-19, IHRSA Tells Governors

A letter promoting the safety and importance of health clubs, signed by 61 U.S. health club executives, was sent by IHRSA to governors of all 50 states, urging the governors to consider data when making their decisions about essential businesses and shutdowns.

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California Gyms Ordered Closed in 30 Counties

California Gov. Gavin Newsom has ordered health club in 30 counties in California to close or remain closed after an increase in COVID-19 cases in the state.

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Mountainside Fitness Is Now Complying With Arizona Governor’s Shutdown Order

After a lawsuit to stay a closure order was unsuccessful, Mountainside Fitness CEO Tom Hatten has agreed to comply with the Arizona governor’s order that health clubs temporarily close until July 27.

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Town Sports Takes Impairment Charge, Receives Non-Compliance Notice From Nasdaq

Town Sports International, parent company of New York Sports Clubs among other brands, has closed some clubs, is taking an impairment charge of $135 million to $155 million and has until Sept. 8 to offer a plan for compliance with Nasdaq rules or risk being delisted.

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From Club Industry

COVID-19’s Impact on Membership, Programming, Club Types and Engagement

In this webinar, you will see data and hear analysis about how the last few months have affected memberships by club types (big box vs. studios) and how they have impacted cancellations, freezes, unique check-ins, chargebacks and refunds. Join us for this free Master Class webinar at 2 p.m. ET on July 23.

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In Brief

24 Hour Fitness Initiates Collaboration; New Avenue With Les Mills On Demand For Digital Workouts

 

Gold's Gym Awards New Franchise Agreement In South Africa