German Fitness Chain RSG Wins Gold’s Gym Bankruptcy Auction


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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