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fibodo Limited
fibodo Limited
fibodo Limited
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Investors, led by Tacit Capital, are working to buy Town Sports International out of Chapter 11

Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.

On 14 September, Town Sports became the latest US fitness operator to file for bankruptcy protection, following Gold’s Gym International (in May) and 24 Hour Fitness (June).

The company is looking to sell itself out of bankruptcy by securing a deal with a group of lenders, led by Tacit Capital, to provide the finance needed to keep its clubs open.

Town Sports said it intends to use the Chapter 11 process to restructure its debts and to position the company for "long-term success".

"We are not going out of business," a spokesperson said.

"Restructuring is the best way to properly respond to the COVID-19 pandemic, with the long-term goal being to emerge as a thriving powerhouse in the fitness industry.

"The goal is to emerge from Chapter 11 as an even stronger company, better positioned to serve members into the future."

The company will continue to operate its facilities and plans to continue to reopen clubs in a phased approach in regions where lockdowns are being eased.

Town Sports operates the New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, Total Woman and Around the Clock Fitness brands.

In January, Town Sports announced plans to acquire the studio business of indoor cycling specialist Flywheel Sports – a deal which subsequently fell through due to the pandemic.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.
HAF,FIT,IND,PTS
2020/THUMB346268_708491_205780.jpg
Latest News
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Butt, bottom, booty, bum – whatever you call it, working the backside is a vital part of the balance, power and wellbeing equation and has been ignored for too long, as Tom Tawell reports
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Andy Hall, COO of data and tech solutions brand, Volution, looks at the trends we can expect to see emerging in the global fitness market in 2021
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With many older people in crisis due to the pandemic, ukactive’s head of health and wellbeing development, Kenny Butler, explains why the organisation is launching an active ageing consultation and how you can get involved
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Given its support for the NHS, should the fitness industry be classified as an essential service, and if so, how do we get the sector reclassified? Kath Hudson asks industry leaders for their views
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Property & Tenders
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News

Investors, led by Tacit Capital, are working to buy Town Sports International out of Chapter 11

Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.

On 14 September, Town Sports became the latest US fitness operator to file for bankruptcy protection, following Gold’s Gym International (in May) and 24 Hour Fitness (June).

The company is looking to sell itself out of bankruptcy by securing a deal with a group of lenders, led by Tacit Capital, to provide the finance needed to keep its clubs open.

Town Sports said it intends to use the Chapter 11 process to restructure its debts and to position the company for "long-term success".

"We are not going out of business," a spokesperson said.

"Restructuring is the best way to properly respond to the COVID-19 pandemic, with the long-term goal being to emerge as a thriving powerhouse in the fitness industry.

"The goal is to emerge from Chapter 11 as an even stronger company, better positioned to serve members into the future."

The company will continue to operate its facilities and plans to continue to reopen clubs in a phased approach in regions where lockdowns are being eased.

Town Sports operates the New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, Total Woman and Around the Clock Fitness brands.

In January, Town Sports announced plans to acquire the studio business of indoor cycling specialist Flywheel Sports – a deal which subsequently fell through due to the pandemic.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Town Sports International – which operates a raft of brands, including the New York Sports Club and Boston Sports Club – is looking to secure a takeover deal to safeguard its long-term future, following its recent move into Chapter 11.
HAF,FIT,IND,PTS
2020/THUMB346268_708491_205780.jpg

News

The UK government has published its impact report for the three-tier COVID-19 alert system, which
Professor Chris Whitty, the chief medical officer for England, has said exercise and physical activity
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This year's UK government Spending Review, announced in Parliament by chancellor Rishi Sunak on 25
Up to 100k people will benefit from the free gym and physical activity sessions, thanks
To the relief of the sector, the UK government confirmed yesterday (23 November) that gyms,
Servicesport UK
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HCM Magazine
Sponsored
We felt our plans had to be ambitious to give members the all-encompassing modern health and fitness facility they deserve
HCM Magazine
Butt, bottom, booty, bum – whatever you call it, working the backside is a vital part of the balance, power and wellbeing equation and has been ignored for too long, as Tom Tawell reports
HCM Magazine
Sponsored
Andy Hall, COO of data and tech solutions brand, Volution, looks at the trends we can expect to see emerging in the global fitness market in 2021
HCM Magazine
Consultation
With many older people in crisis due to the pandemic, ukactive’s head of health and wellbeing development, Kenny Butler, explains why the organisation is launching an active ageing consultation and how you can get involved
HCM Magazine
HCM People
I’ve been in the industry for a decade and it’s the first time I’ve seen it truly unified from the top to the bottom
HCM Magazine
Sponsored
Venueserve Fitness enables clubs to offer white-label content streaming to optimise capacity and member engagement
HCM Magazine
Research
Regular sessions of new-generation yoga can help tackle the lockdown blues, increase sleep quality and boost mental health
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Given its support for the NHS, should the fitness industry be classified as an essential service, and if so, how do we get the sector reclassified? Kath Hudson asks industry leaders for their views
HCM magazine
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Featured supplier news
Featured supplier: Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110 °C electrical solutions.
Featured supplier news
Featured supplier: Anytime Fitness partners with Gympass across UK and Ireland
Anytime Fitness, the UK’s leading 24/7 high-spec gym operator, has partnered with Gympass to give its corporate members access to over 170 clubs across UK and Ireland.
Company profiles
Company profile: Hedgehog Concept Ltd
Ground breaking leisure and fitness club management software. Software that has incisive focus on the ...
Company profiles
Company profile: IONTO Health & Beauty GmbH
IONTO-COMED offers a wide range of treatment beds offering maximum flexibility and the symbiosis of ...
Supplier Showcases
Supplier showcase - Bouncing back
Catalogue Gallery
Click on a catalogue to view it online
Directory
Spa software
SpaBooker: Spa software
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Locking solutions
Monster Padlocks: Locking solutions
Trade associations
International SPA Association - iSPA: Trade associations
Wearable technology solutions
MyZone: Wearable technology solutions
Lockers/interior design
Fitlockers: Lockers/interior design
Software
Volution.fit: Software
Uniforms
Service Sport: Uniforms
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Member feedback software
AskNicely: Member feedback software
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
03-03 Dec 2020
Virtual,
Diary dates
09 Dec 2020
Raffles City Convention Centre, Singapore, Singapore
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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fibodo Limited
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