Planet Fitness Loses Bid to Acquire Blink Fitness Assets in …
13 hours ago · During a 48-hour "challenge window," Planet Fitness made two last-minute proposals for the UK-based Blink last week, one valued at $142 million with a $28.4 million deposit and a second for $151 ...
Planet Fitness loses 11th hour bid to acquire bankrupt Blink
15 hours ago · In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Planet Fitness lost a bid in bankruptcy court to acquire Blink Holdings. U.K.-based private gym ...
Planet Fitness loses last ditch effort to acquire Blink Fitness
13 hours ago · Planet Fitness (NYSE: PLNT) was unable to acquire bankrupt fitness chain Blink Holdings as the company’s last-minute bid was rejected by a Delaware bankruptcy court, according to court documents ...
Blink Fitness Receives Court Approval for Sale - Yahoo Finance
1 day ago · Blink Fitness ("Blink" or the "Company"), the affordable fitness brand known for its commitment to an inclusive and inviting environment, today announced that the U.S. Bankruptcy Court has ...
Planet Fitness Loses Bidding War for Bankrupt Blink to U.K.’s …
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.
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 enters 11th hour bid for bankrupt Blink Fitness
In making a subsequent play for Blink, Planet Fitness has submitted two offers, according to the filings. One proposal offers $142 million for Blink's assets, including a $28.4 million deposit ...
Planet Fitness makes second bid to buy out Blink Fitness chain in …
Nov. 6 (UPI) -- Planet Fitness is seeking to further grow its number of locations in a second bid for the Blink Fitness chain of workout facilities, according to new reports. News of the renewed ...
Blink Fitness Creditors Object to PureGym Sale After Higher Bid
Nov 5, 2024 · 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 offer from a Planet Fitness franchisee, Supreme Orange LLC ...
Equinox Group-owned gym Blink Fitness files for bankruptcy ... - CNBC
Aug 12, 2024 · Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy protection. The fitness brand, with more than 100 centers in the...