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Pandemic rules drive In-Shape to bankruptcy


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Pandemic rules drive In-Shape to bankruptcy
California’s COVID-19 pandemic rules forced In-Shape Health Clubs to file for bankruptcy.
The Chapter 11 filing Wednesday aimed at retaining 45 to 50 clubs means 17 clubs including Manteca West in the SaveMart shopping center and Lathrop will not reopen. In-Shape has also permanently closed two of their three Tracy locations Grant Line Road and Eleventh Street as well as three Stockton locations at Quail Lakes, Marina and Downtown.
The Manteca club on East Yosemite Avenue is one of the 16 In-Shape clubs that are now open for outdoor activities as are the Tracy Boulevard and Stockton West Lane locations. ....

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In-Shape Health Clubs declares bankruptcy amid pandemic


In-Shape Health Clubs declares bankruptcy amid pandemic
and last updated 2020-12-16 16:48:07-05
BAKERSFIELD, Calif. (KERO) — In-Shape Health Clubs, which has locations around Bakersfield, has declared bankruptcy.
In a letter to members, In-Shape Health Clubs CEO Francesca Schuler said because of the pandemic the majority of their gyms have been closed the majority of this year leading the chain to have to restructure its business model. The letter said members will not see their membership status change moving forward.
However, the state’s extended shutdown of gyms has dramatically impacted our business, which is requiring us to develop a plan to restructure our business for the future. As part of this plan, we are filing for Chapter 11 relief so we can continue our day-to-day operations while we restructure the company to ensure our long-term viability. This plan will not affect your current membership status. You may receive legal communication related ....

Francesca Schuler , Shape Health Clubs , In Shape Health Clubs , பிரான்செஸ்கா ஸ்கூலர் , வடிவம் ஆரோக்கியம் கிளப்புகள் , இல் வடிவம் ஆரோக்கியம் கிளப்புகள் ,