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Flywheel’s Bankruptcy Expands US Fitness Industry Shakeout

Spin Class Operator Plans Liquidation, Studio Closings
Flywheel Sports, operator of spin classes, has filed for Chapter 7 bankruptcy. (Getty Images)
Flywheel Sports, operator of spin classes, has filed for Chapter 7 bankruptcy. (Getty Images)
CoStar News
September 15, 2020 | 11:12 P.M.

Flywheel Sports filed for Chapter 7 bankruptcy as the growing number of fitness industry shutdowns give more credence to a projection that the pandemic could wipe out a quarter of U.S. gyms by year's end.

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