Two more F45 Training gyms have closed as the crisis affecting the once popular Australian fitness chain deepens.
F45, known for its intense interval training and backed by stars like Mark Wahlberg, was once the star of the fitness world and was listed on the New York Stock Exchange with a value of $1.46 billion in 2021.
But falling share prices and collapsing investor confidence have led to the company being delisted and several franchises going bankrupt.
Now, two more chains have closed their doors.
Last Friday, F45 franchises in Labrador and Surfers Paradise announced to their members that they would be closing, reported news.com.au.
Last Friday, F45 franchises in Labrador and Surfers Paradise announced to their members that they would be closing, the latest two franchises to close amid a deepening crisis facing the fitness chain.
More to come.