(Pooja Pal, Intern Journalist): One of the most trending chains for gyms in the world is the Gold’s Gym. The amity filed for Chapter 11 insolvency safeguard on Monday, as the coronavirus epidemic knocked on the US economy. The 55-year erstwhile companionship is currently looking to reshape its 700 centers worldwide.
However, it’s trade-in India remains prudent, and no effects expected from the pecuniary reformation of the parent company. Karan Valecha, director and co-founder Gold’s Gym India, alleged that it is a liege franchise, therefore, its trading stays aloof from the global chain.
“ I would like to personally reassure you that this definitely does not affect Gold’s Gym India as a master franchise and we are committed to openhand you the finest qualification knowledge as we control for the carry on 17 being and counting,” alleged Valecha.
Because of the coronavirus lockdown, the gymnasium centers in India have been slammed since March. But, Valecha is self-assured of its resumption as soon as the lockdown is lifted.
“As Gold’s Gym India, we are confident that even after a universal plague-like Covid-19 we will come out stronger than before. We are eagerly awaiting an advisory from our native governments to extremity the lockdown and reinstate our clubs,” he said.
Globally, Gold’s Gym30 centers have been shut down. However, the President and COO Adam Zeitsiff alleged that the franchise is not fastening its business permanently for sure and it does not show any effect o their capacity to remain behind their grant partners around the world.