Gold’s Gym International Inc., announced Monday they are filing for Chapter 11 bankruptcy. They were forced to close 30 corporate owned stores due to the outbreak of the coronavirus. While this was a difficult decision, the company’s plan to be debt free is set to be no later than August. In the course of this plan, they will continue to assist their vendors and suppliers. They have also decided to continue to operate their 700 gymswhile working closely to abide by the correct protocol for the coronavirus guidelines.
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