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Fitness center Goji Studios announced the closure of all lines: unrealistic rents increase the burden

2021-12-27T15:44:55.695Z


The new crown epidemic has been raging around the world for nearly two years, and many industries have been hit hard. Goji Studios, a fitness center chain, announced the closure tonight (27th), explaining that the government’s tightening of gathering restrictions last year and the market’s


The new crown epidemic has been raging around the world for nearly two years, and many industries have been hit hard.

Goji Studios, a fitness center chain, announced the closure tonight (27th), explaining that due to the government's tightening of gathering restrictions last year and the "unrealistic" rents in the market, multiple financing failed to "turn the tide". It was decided on Tuesday (28th) Since then, all four centers will be closed.


The fitness center Goji Studios decided to close all four centers under its umbrella from Tuesday (28th).

(Information Picture/Photo by Zheng Zifeng)

Customers can transfer to Physical to comfortably complete the remaining membership and private coaching courses

The Goji Studios statement pointed out that the government tightened the gathering restrictions last year, and the fitness center was also forced to suspend operations for several months. In the case of unavailability, the addition of "unrealistic" rents in the market puts a heavy burden on operations. .

The company said that although it has closely negotiated with a number of landlords and negotiated lease arrangements, it has failed to reach a consensus.

At that time, in order to continue to provide services to members, it had tried its best to raise funds for many times, but failed to "turn the tide". It was finally decided to close all four centers under its control from Tuesday (28th).

Goji Studios’ statement continued that it is fortunate to be provided by Physical Comfort Castle to provide customer transition arrangements, which can properly settle the remaining membership and private coaching courses of all members, and believe that Comfort Castle can continue to provide quality services to affected members.

Goji Studios will inform more details of the transition later.

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Looking through the information, there were media reports in April this year that the fitness center Goji Studios was going to be liquidated, but its Facebook page announced that it has received support from new investors and its fitness center will operate as usual.

Since the beginning of the epidemic, many Goji Studios branches have been chased by the owners for rent. In March this year, the Causeway Bay branch and the Mong Kok branch have been chased by a total of 5.13 million yuan.

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Source: hk1

All news articles on 2021-12-27

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