Fitness
Despite filing for Chapter 11 bankruptcy, the local Blink Fitness outposts will remain open
After filing for bankruptcy on Monday, Blink Fitness said it may close an unspecified number of its 101 clubs.
Equinox Group, Blink’s parent company, is not filing for bankruptcy protection, per published reports.
Around 25% of US gyms and studios permanently closed during the COVID-19 pandemic — roughly 10,000 facilities, according to the Health & Fitness Association, an industry trade group. Several major chains, including 24 Hour Fitness and Gold’s Gym, filed for bankruptcy.
Blink’s bankruptcy shows the lingering impact of the pandemic on the fitness industry. During the height of the pandemic in 2020, Blink temporarily closed all of its clubs, leaving it without revenue to fund operations. Blink said in its bankruptcy filing that it is still financially constrained by rent payments it had put off and was still trying to catch up on from the pandemic.