SINGAPORE – All California Fitness outlets here have been closed until further notice, the gym operator’s provisional liquidators said in a statement today (July 20).
Tim Reid and Theresa Ng of recovery firm Ferrier Hodgson said that JV Fitness, which operates California Fitness, does not have adequate liquid resources to keep the gyms running.
They added that they will “quickly explore options that may be available to enable the business to operate”.
California Fitness had centres in Bugis, Novena and Raffles Place, which was closed on Saturday (July 16) reportedly due to its failure to pay its rents.
Its Orchard branch was shut in February.
Last Tuesday, the chain closed all its outlets in Hong Kong, where it was established in 1996.
South China Morning Post reported that the firm owes an estimated HK$130 million (S$22.6 million) in rent and other operating costs.
huizhen@sph.com.sg
