German Fitness Chain RSG Wins Gold’s Gym Bankruptcy Auction

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RSG Group GmbH, operator of Germany’s McFit fitness clubs, has won an auction to acquire Gold’s Gym International Inc. out of bankruptcy for $100 million.

The pending sale, which must be approved in bankruptcy court, puts Gold’s Gym on a path to leave chapter 11 with 61 corporate-owned gyms, about 600 franchise gyms and less debt, positioning it to withstand major disruption caused by the coronavirus pandemic, the company said Tuesday.



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