Is Flywheel sport out of business?

Is Flywheel sport out of business?

Flywheel Sports Inc., the operator of spin boutiques beloved by fitness-obsessed city dwellers, filed for bankruptcy with plans to go out of business after the coronavirus shut down its studios.

How many Flywheel locations are there?

At its height, Flywheel Sports, which was founded in 2010 and obtained a cultlike status among riders for its competitive leaderboard system, had 42 indoor cycling and barre studios around the United States, including locations in California, Colorado, Florida, Georgia, Illinois, Massachusetts, New Jersey, New York, …

Did all Flywheel locations close?

Flywheel filed for Chapter 7 bankruptcy and will permanently close all 42 of its studios while laying off 1,200 employees, according to court documents filed on Tuesday. The filing comes after several former employees first too to social media on Monday to share they no longer held jobs at the company.

Did CycleBar buy Flywheel?

Fitness studio operator CycleBar has signed a lease at 51 Astor Place in Noho, taking over the space previously occupied by Flywheel as that brand goes through bankruptcy proceedings.