November 13, 20240 Comments

Planet Fitness loses 11th hour bid to acquire bankrupt Blink

In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California.  Justin Sullivan | Getty Images Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. The two higher bids came after it lost out in

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November 9, 20240 Comments

Planet Fitness bids for bankrupt Blink Fitness

A Blink Fitness location in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Planet Fitness wants to acquire bankrupt budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness previously lost out in a bankruptcy auction against U.K.-based, privately held fitness chain PureGym. Now the U.S. chain, with a public market valuation of roughly $6.8 billion, is making another attempt. Equinox Group-owned

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