NANUET, NY – 24 Hour Fitness is in talks with Lazard investment bank as well as legal representatives from Weil, Gotschal & Manges to explore its choices.
In a declaration to Service Expert, a representative for 24 Hour Physical fitness claimed that it is “thinking about a wide series of alternatives to guarantee the long-term sustainability” of the firm. The spokesperson refused to talk about its specific strategies, nonetheless.
Headquartered in San Ramon, Calif., 24 Hour Fitness is a leading health, serving nearly four million members in more than 430+ clubs in 14 states across the U.S.
24 Hour Fitness sent this statement: “We are considering a broad range of options to ensure the long-term sustainability and success of 24-Hour Fitness, and we are not going to comment publicly on our strategic plans. We look forward to reopening our clubs when local and state governments and public health agencies show it is safe to do so. We are fortunate to have a strong brand with millions of loyal members—over one million of whom are actively using our 24GO personalized fitness app and 24GO Live, our interactive YouTube channel, to stay fit during this difficult time.”
24 Hour Fitness is one of the many gyms as well as health and fitness centers in Rockland County. Suffering today as the coronavirus lockdown keeps their companies shut down and consumers at home.
In the past week, two other area health and fitness chains have revealed permanent closings. Gold’s Fitness center said it would close 30 locations, as well as Yoga Works, said it would close all its New York studios.