24 Hour Fitness Files for Bankruptcy, Closes 130 Gyms

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24 Hour Fitness Worldwide Inc. filed for Chapter 11 bankruptcy on Monday.

The company, which is headquartered in San Ramon, Calif., announced it has permanently closed about 130 gyms in the United States after the temporary closures and uncertainty caused by the COVID-19 pandemic. The national gym chain expects to secure about $250 million in funding to help the remaining 300 locations.

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