Gold's Gym files for Bankruptcy

[Ron]

And it begins...


https://www.businessinsider.com/golds-gym-bankruptcy-coronavirus-pandemic-2020-5



Gold's Gym filed for Chapter 11 bankruptcy protection on Monday. The gym chain had temporarily closed locations during the coronavirus pandemic. It later announced it would close 30 company-owned locations for good.

"We want to be 100 percent clear that Gold's Gym is not going out of business," President and CEO Adam Zeitsiff said in a press release. "The brand is strong, and we'll continue to innovate and grow our digital business, our licensing program and our global footprint as we focus on serving our millions of members across the world.

"We want to be 100 percent clear that Gold's Gym is not going out of business," President and CEO Adam Zeitsiff said in a press release. "The brand is strong, and we'll continue to innovate and grow our digital business, our licensing program and our global footprint as we focus on serving our millions of members across the world."

The company referred to difficulties brought on by the coronavirus pandemic and said it hoped to reemerge from bankruptcy proceedings by August 1.

[US MUSL]

All the Golds Gyms in my area (Stl Mo) permanently closed.

[Rambone]

All the Golds Gyms in my area (Stl Mo) permanently closed.

Same here. The last Gold’s I’ve seen in South Florida was sold or went out of business about two years ago

[a_pupil]

trump needs to allow gyms to sell roids under the counter.

[chaos]

And it begins...


https://www.businessinsider.com/golds-gym-bankruptcy-coronavirus-pandemic-2020-5



Gold's Gym filed for Chapter 11 bankruptcy protection on Monday. The gym chain had temporarily closed locations during the coronavirus pandemic. It later announced it would close 30 company-owned locations for good.

"We want to be 100 percent clear that Gold's Gym is not going out of business," President and CEO Adam Zeitsiff said in a press release. "The brand is strong, and we'll continue to innovate and grow our digital business, our licensing program and our global footprint as we focus on serving our millions of members across the world.

"We want to be 100 percent clear that Gold's Gym is not going out of business," President and CEO Adam Zeitsiff said in a press release. "The brand is strong, and we'll continue to innovate and grow our digital business, our licensing program and our global footprint as we focus on serving our millions of members across the world."

The company referred to difficulties brought on by the coronavirus pandemic and said it hoped to reemerge from bankruptcy proceedings by August 1.

Thanks china

[Mr Anabolic]

I didn't think any still existed outside Venice.

[IroNat]

Chapter 11 is bullsh*t reorganization bankruptcy.

Just a legal way to stiff creditors and continue on in business.

Chapter 7 is the real bankruptcy.

[Primemuscle]

Chapter 11 is bullsh*t reorganization bankruptcy.

Just a legal way to stiff creditors and continue on in business.

Chapter 7 is the real bankruptcy.

Yup!

[SF1900]

No one cares about Golds. It’s a dinosaur.

Bodybuilding is dead.

[Rambone]

No one cares about Golds. It’s a dinosaur.

Bodybuilding is dead.

[SF1900]

Rory was just as shocked, trust me.

[Rambone]

Rory was just as shocked, trust me.

Rory needs to sign up on here immediately. This board needs more Rory and less Roast Beef Pecs

[Bevo]

Thanks china

It’s all the US fault, they could have just ignored everything and not shut down

60k deaths, now 30k+ plus in the US, haha hypocrisy at its best

[Bevo]

No one cares about Golds. It’s a dinosaur.

Bodybuilding is dead.

X2

If golds Venice closes down, we should mourn O Hearn, callum, and the coach

[chaos]

It’s all the US fault, they could have just ignored everything and not shut down

60k deaths, now 30k+ plus in the US, haha hypocrisy at its best

I blame china, if they wouldn't have released the Rona, we'd all be doing Monday leg day right now.

[SF1900]

Rory needs to sign up on here immediately. This board needs more Rory and less Roast Beef Pecs

Imagine if Roast Beef Pecs is Rory! 

[Skeletor]

Here's the opportunity for Vince Goodrum to acquire Gold's Gym and expand the Caliber Fitness empire.

[cobra333]

The Golds Gym in Warren, michigan is kicking a..   The owner is ex powerlifting coach. Sweet a.. Gym ..

[Rambone]

Imagine if Roast Beef Pecs is Rory! 

[OneMoreRep]

I thought Gold's was dead, short of 1-3 locations in California.

"1"

[Gregzs]

X2

If golds Venice closes down, we should mourn O Hearn, callum, and the coach

Arnold would probably buy it.

[Hypertrophy]

Chapter 11 is bullsh*t reorganization bankruptcy.

Just a legal way to stiff creditors and continue on in business.

Chapter 7 is the real bankruptcy.

Hardly. Chap 11 let's a company survive while paying debts. It's a smart move. The government shut down gyms. How would you do anything different if your revenue source suddenly evaporated?

[Hypertrophy]

Arnold would probably buy it.

No - Arnold only buys things so he can show off.  He has no use for Gold's.

[Irongrip400]

I’d say 8-10 years all the Golds near me turned into One Life. I thought it was because they went out of business. Didn’t know they were still a thing.

[pellius]

Rory needs to sign up on here immediately. This board needs more Rory and less Roast Beef Pecs

X2