California Fitness gym chain chalked up losses of more than $25.6m
Sat, Aug 13, 2016 - 5:50 AM
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.
PHOTO: AZMI ATHNI/ THE STRAITS TIMES
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.