California Fitness goes broke, shuts down
California Fitness has closed all its outlets here.
Its owner, JV Fitness, lacks the finances to keep them running, it was announced just after midnight last night by Tim Reid and Theresa Ng of Ferrier Hodgson, who were appointed provisional liquidators by the courts.
The chain's Republic Plaza branch closed abruptly three days earlier.
Its last two outlets, at Novena and Bugis, would also remain closed "until further notice".
All California Fitness outlets in Hong Kong also closed recently because of mounting debt.