Blink Fitness Announces Court Approval for Sale to PureGym and …
1 day ago · by Taylor Gabhart. November 13, 2024. in. 0. Blink Fitness announced that the U.S. Bankruptcy Court has approved the sale of Blink’s corporate operations and New York and New Jersey locations to PureGym. On November 7, 2024, the Court also approved the sale of Blink’s Chicago, Houston, and California locations to an affiliate of JTRE ...
Planet Fitness loses 11th hour bid to acquire bankrupt Blink
1 day ago · PureGym's offer, assuming Blink's liabilities, also comes with 60 of Blink's fitness centers still operating in New York and New Jersey. Get Tri-state area news delivered to your inbox. Sign up ...
Blink Fitness Receives Court Approval for Sale | SGB Media Online
1 day ago · November 13, 2024. SGB Update. Blink Fitness announced that the U.S. Bankruptcy Court has approved the sale of its corporate operations and New York and New Jersey locations to PureGym. On November 7, 2024, the Court also approved the sale of Blink’s Chicago, Houston and California locations to an affiliate of JTRE Holdings, LLC.
Planet Fitness Loses Bidding War for Bankrupt Blink to U.K.’s PureGym
1 day ago · Photo: Yuki Iwamura/Bloomberg News Planet Fitness , one of the largest budget-friendly gym chains in the U.S., lost its bid to buy rival Blink Fitness out of chapter 11 to U.K. fitness chain PureGym.
PureGym Acquires Majority of Blink Fitness for $121M
Nov 6, 2024 · U.K.-based gym operator PureGym has acquired the majority of bankrupt Blink Fitness ’ U.S. locations for $121 million in cash, the company announced last week. But an 11th-hour bid from another competing gym chain might change that. Blink filed for Chapter 11 bankruptcy in August after reporting more than $280 million in debt, and now PureGym will obtain up to 67 of Blink’s 71 gyms across ...
Blink Fitness Creditors Object to PureGym Sale After Higher Bid
Nov 5, 2024 · PureGym won auction of Blink assets, pending court’s approval. The sale of Blink Fitness to British brand PureGym Ltd. faces a roadblock after a group of creditors of the bankrupt US gym chain objected to the result of an auction. PureGym’s winning $121 million bid for Blink’s assets drew scrutiny from some creditors after an $142 million ...
Blink Fitness Signs Asset Purchase Agreement with PureGym
Sep 10, 2024 · PureGym to serve as proposed "Stalking Horse Bidder" in court-supervised sale process to acquire majority of assets. Remains committed to serving members and communities with best-in-class gym...
Blink Fitness bankruptcy: PureGym makes $105M bid for NJ, NY …
Sep 15, 2024 · After filing for Chapter 11 bankruptcy, Blink Fitness could sell most of its New Jersey and New York assets to U.K.-based PureGym for $105 million. See the list of NY locations at risk of closing.
Blink Fitness Signs Asset Purchase Agreement with PureGym - PR …
Sep 10, 2024 · In connection with the Chapter 11 filing, Blink has entered into a stalking horse agreement with PureGym, whereby PureGym, whose investors include Leonard Green & Partners and KKR, would acquire...
PureGym to open more UK sites as expansion drives higher sales
Apr 23, 2024 · PureGym has said it plans to keep expanding with new gyms after opening 40 across the UK over the past year. It came as the gym operator said the new sites helped drive a rise in revenues in 2023...