Friday, May 8, 2020

Bodybuilding Favorite Gold’s Gym Files For Chapter 11 Bankruptcy Protection

Gold’s Gym, made famous by 1977 bodybuilding documentary Pumping Iron, starring Arnold Schwarzenegger, is the latest firm to declare bankruptcy as it buckles under the economic toll of coronavirus shutdowns that have forced fitness fanatics to stay at home.

Gold’s Gym filed on Monday for Chapter 11 bankruptcy, with at least 30 company-owned gyms set to close. The business was founded by Joe Gold in 1965.. . . more