Gold’s Gym International is set to be purchase by European fitness brand RSG Group. To view this email as a web page,
click here News | By Pamela Kufahl, Content Director The new owners of Gold’s Gym International, pending bankruptcy court approval, will be the same company that owns the McFIT brand in Europe. read more |
| | | 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. read more |
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| | | 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. read more |
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| | | 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. read more |
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| | | 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. read more |
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From Club Industry | | | 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. read more |
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In Brief |
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