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These Two Major Gyms Just Filed for Bankruptcy | News Break

Restaurants and grocery stores aren’t the only businesses going bankrupt because of the pandemic—your favorite gyms and fitness chains are also taking a massive hit. According to Business Insider, there’s now a growing list of exercise companies that have filed Chapter 7 or 11 bankruptcy this year. Cyc Fitness, a popular cycling studio chain owned by Cyc Holdings in Delaware, filed for Chapter 11 earlier this month, as did Yogaworks, an indoor yoga chain out of California. YogaWorks also announced that it’s closing all 55 of its locations nationwide (after already closing all of its spots in New York City back in April.)
— Read on www.newsbreakapp.com/n/0XM04ZRb