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.
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 to make final offer for Blink assets - MSN
According to court filings viewed by CNBC, Planet Fitness has made an offer of $142M for Blink’s assets, including a $28.4M deposit, and a second proposal that increases the offer to $155M with ...
Blink Fitness Receives Court Approval for Sale - PR Newswire
1 day ago · NEW YORK, Nov. 12, 2024 /PRNewswire/ -- Blink Fitness ("Blink" or the "Company"), the affordable fitness brand known for its commitment to an inclusive and inviting environment, today announced ...
PureGym Acquires Majority of Blink Fitness for $121M
Nov 6, 2024 · The deal, which is pending court approval at a Wednesday hearing, does not include Blink’s locations in Texas, Illinois and California. Blink currently has 89 active gyms, according to KBRA. However, a last-minute bid from competing gym chain Planet Fitness — which has more than 2,000 locations across the U.S. — may derail PureGym’s plans.
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 ...
Blink Fitness Announces Outcome of Auction - PR Newswire
Oct 31, 2024 · About Blink Fitness . Blink Fitness - a premium and affordable fitness brand known for its commitment to an all-inclusive environment - is the gym for "every body" who wants to feel their best and ...
Blink Fitness' unsecured creditors challenge sale to PureGym - Axios
Nov 5, 2024 · A committee of unsecured creditors is objecting to the sale of bankrupt Blink Fitness to U.K.-based PureGym for $121 million, according to a court filing.. Why it matters: A higher offer by low-cost gym chain Planet Fitness may have been overlooked due to antitrust concerns. What they're saying: The committee says Planet Fitness made two offers. The first was to purchase Blink's assets for ...
Planet Fitness made last-minute offer to acquire Blink, NY
Nov 6, 2024 · Planet Fitness (PLNT) submitted a last-minute bid to acquire bankrupt gym chain Blink, which accepted a $121M offer from UK-based Pure Gym last week, the New York Post’s Taylor Herzlich reports ...
Equinox Group-owned gym Blink Fitness files for bankruptcy ... - CNBC
Aug 12, 2024 · Planet Fitness shares recently hit a 52-week high, reaching levels not seen since May 2023. Equinox Group-owned gym chain Blink Fitness is filing for bankruptcy protection, while other...