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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...
Two former employees claim that Equinox made them miss out on career opportunities and eventually forced them to quit because they became mothers, according to a new lawsuit.
Limited capacity, timed visits, closed showers, sanitizing, and physical separation are cornerstones of the plans of such fitness chains as Equinox, Barry’s, and SoulCycle.
Equinox has unveiled its reopening plan, which comes with ramped up cleaning and sanitation, health checks, limited club capacity, PPE, contactless features, and changes in etiquette.
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