24 Hour Fitness starts to reopen, but S&P downgrades debt rating and potential bankruptcy looms
June 9, 2020
Gym giant 24 Hour Fitness Worldwide has nearly four million members for its 440 clubs in 14 states, but the coronavirus has been a crippling blow for the chain since it announced the closing of all of its clubs on March 16. Franchises recently reopened in Dallas and Houston, and more openings are slated for the coming weeks. Yet, the company is facing severe headwinds. Read more on Forbes.