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California Fitness gym chain chalked up losses of more than $25.6m

Saturday, August 13, 2016 - 05:50

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SHUTTERED: California Fitness' outlet in Novena Square with its shutters down. Its 27,000 members who paid in advance for their memberships are claiming a total of $20.8 million.

Singapore

JV Fitness, the company that owns and operates the now-closed California Fitness gym chain in Singapore, had chalked up losses of more than $25.6 million as at June 30 this year, said a report by its provisional liquidators.

The company has total liabilities of $30.8

sentifi.com

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