Planet Fitness loses 11th hour bid to acquire bankrupt Blink
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Planet Fitness lost a bid in bankruptcy court to acquire Blink Holdings. U.K.-based PureGym won the bid to acquire Blink and its assets, including 60 gyms in New York and New Jersey.
November 13, 2024 | 3:00 pm
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Planet Fitness failed to acquire Blink Holdings in a bankruptcy court bid, losing to U.K.-based PureGym. This could impact Planet Fitness's expansion plans in the New York and New Jersey areas.
Planet Fitness's failure to acquire Blink Holdings may hinder its expansion strategy in key markets like New York and New Jersey, potentially affecting its competitive position and growth prospects.
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