In an effort to diversify revenue, Equinox opened The Shop, a curated online platform of high-end fitness clothing and products.
Equinox and Its creditors are lawyering up for negotiations that show and reveal major distress bubbling beneath the fitness company.
Equinox, the giant gym chain, has not been paying its rent in one of its West Village, Manhattan locations. As reported by Crain’s NY, the landlord, a limited liability company tied to Orb Management, says the gym operator has defaulted in its rent payments since March, making only one partial payment of about $135,000 earlier...
Luxury fitness group Equinox just opened its first-ever outdoor club on a 27,000-square-foot rooftop in the Century City neighborhood in Los Angeles. The gym, branded as Equinox+ In the Wild, was built exclusively for Equinox members; All Access and Destination members can now book work-out slots at the site.
For the $94 billion fitness industry to stay afloat amid the widespread closures of core bricks-and-mortar studios and gyms, it’s has had to pivot, relying more heavily on virtual connectivity for community and revenue. For studios operating in New York and New Jersey, the time to reopen has finally come. Governors Andrew Cuomo and Phil...
CNBC’s “Squawk on the Street” team discusses the new fitness experience as New York City gyms reopen with Equinox executive chairman Harvey Spevak... WATCH on CNBC
New York gyms are reopening, but with restrictions. Equinox plans to open its doors in New York on September 2nd with new protocols in place such as enhanced disinfection procedures and medical grade air purifiers to keep its members safe. Equinox's Harvey Spevak joins 'Closing Bell' to discuss. Watch the Full Interview Here @ MSN/CNBC
Oak Hill Advisors and Ares Management Corp. provided the bulk of a new $150 million loan to Equinox Holdings Inc. to help the luxury gym operator weather the crippling effects of the Covid-19 pandemic.
“I didn’t want to resign, but I wanted to say how kind of hurtful some of the actions of the company have made me feel,” Monica Davis told Equinox when she was fired.
Despite the risk, Equinox is asking its group fitness instructors to come back to the gym and teach classes at a discounted rate, keeping the teachers at their 75% pay, rather than restoring their pre-COVID-19 rates. Instructors have also been asked to help clean the group fitness studios after classes, without additional pay, as part...
Sign Up to Our Newsletter
