Crunch Fitness Clubs File for Bankruptcy

Crunch Fitness Clubs, the US-based gym group with approximately 73,000 members has filed for bankruptcy protection. It cites slowing membership and onerous lease obligations on some of its properties.

The sale “will allow Crunch to emerge as a strong player focused on what we have become famous for: being the place where entertainment meets fitness,” said Tim Miller, CEO of Crunch in a press release.

Crunch has posted losses of $11.2 million in 2008 and $2.8 million (in losses) since the beginning of 2009.