Blink Fitness, owned by Equinox, files for Chapter 11 bankruptcy to optimize its footprint and facilitate a sale.

Blink Fitness, an affordable gym chain owned by Equinox, files for Chapter 11 bankruptcy, aiming to use the court-supervised process to optimize its footprint and facilitate a sale. The move helps position the business for long-term success. The gym chain operates over 100 locations in the US and has seen a 40% increase in revenue in the past two years. Blink's parent company, Equinox Holdings, operates luxury Equinox gyms with annual memberships costing up to $40,000.