Gold’s Gym Files Chapter 11; Busi ness Interruption Insurance Bills

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The restructuring plan for Gold’s Gym is for the corporate entity only To view this email as a web page, click here

News

Gold’s Gym International Files to Restructure Under Chapter 11 Due to COVID-19 Pandemic

Monday, May 4, 2020

Gold’s Gym International is filing for financial restructuring through Chapter 11, affecting only the corporate entity. The restructuring is intended to ensure the company remains viable and sustainable for the long term despite the COVID-19 pandemic that caused the filing, according to its CEO.

U.S. House Introduces Business Interruption Insurance Bills for Small Businesses

Health club operators could get financial relief for future government-mandated shutdowns in the form of business interruption insurance if bills introduced in April in the U.S. House of Representatives are passed.

Club Industry's Town Halls on the Response to the Coronavirus Crisis

If you have missed any of the past Club Industry Town Halls on how the COVID-19 pandemic has affected the fitness industry, you can now watch them on-demand. The first four town halls as well as a Master Class webinar on how to be proactive during the crisis are viewable through links on this page. You can also find upcoming town halls and register for those here.

Suppliers Offer Advice During COVID-19 Pandemic

Health club, YMCA, university rec center and other operators are working their way through the COVID-19 pandemic and the related facility closures with little experience on how to survive. Suppliers want to help. Club Industry has included links to articles that fitness industry suppliers have posted on their websites to help guide you through these trying times.

Club Industry's Coronavirus Resource Page for Fitness Industry Professionals

As the fitness industry navigates shutdowns due to COVID-19, Club Industry is here to help. We have developed a coronavirus resource page where you can find links to coronavirus news articles, information about COVID-19 legislation and loan options, town halls and outside resources for the fitness industry.

Make Plans to Attend the 2020 Club Industry Show

Join us Oct. 14-16, 2020, for the 2020 Club Industry Show, which will be held in a new city—St. Louis, Missouri. Register now for the education and networking event that welcomes the entire fitness industry.