24 Hour Fitness Might File For Bankruptcy

24 Hour Fitness might consider filing for bankruptcy as the coronavirus pandemic continues to keep its doors closed. According to Business Insider, the company is working with Lazard investment bank and lawyers to explore its options. A spokesperson said they are looking at many options “to ensure the long term sustainability” of the company. Two major chains have announced permanent closings to their fitness centers. Gold’s Gym said 30 locations would close while YogaWorks said all of its New York studios are closing.