ballys fitness

 

 ballys fitness  Bally Total Fitness is an American fitness club chain which operates 60 gyms, in several U.S. states. In November 2011, Bally sold 171 Bally locations to competitor L.A. Fitness.

 In April 2012, Bally sold an additional 39 facilities to Blast Fitness. At its 2007 peak, prior to the filing of the first of two Chapter 11 bankruptcies, Bally operated nearly 440 facilities located in 29 U.S. states, Mexico, Canada, South Korea, China, and the Caribbean under the Bally Total Fitness, Crunch Fitness, Gorilla Sports, Pinnacle Fitness, Bally Sports Clubs, and Sports Clubs of Canada brands. The company's headquarters are located in Chicago, Illinois.

In 1983, slot-machine maker Bally Manufacturing purchased Health and Tennis Corporation of America and Lifecycle, an exercise bike manufacturer. In 1987, it was the world's largest owner ballys fitness and operator of fitness centers. It further expanded with the purchase of the American Fitness Centers and Nautilus Fitness Centers, which were once connected to Vic Tanny and Jack LaLanne ballys fitness . The various brands were consolidated under the Bally Total Fitness brand in 1995.

In 1996, it was spun from its casino-owning parent. In May 1998, it was listed on the New York Stock Exchange trading under the ticker symbol of BFT.ballys fitness  The company carried $300 million in debt at the time of its initial public offering.

Paul Toback, a former White House aide in the Clinton administration who joined Bally as a corporate development officer in 1997, was named Chief Executive Officer (CEO) in December 2002, immediately after predecessor Lee Hillman resigned ballys fitness .

ballys fitness  On November 18, 2011, Bally Total Fitness announced the sale of 171 of its clubs located in 16 states and the District of Columbia to an affiliate of LA Fitness for $153 million. In February 2012, it sold the Toledo Airport Road club to Red Fitness 24/7. In April 2012, Bally sold an additional 39 facilities to Blast Fitness. Blast Fitness has begun operating the new

facilities under their own name in stages, transitioning entirely ballys fitness  away from the Bally's name. Those two sales leaves Bally with 43 locations, 27 of them in the New York area, 8 in the San Francisco area, and 8 in Colorado. After the LA Fitness transaction, Bally had approximately 800,000 members; the sale allowed Bally to retire its corporate debtballys fitness  .

All of the clubs in the Cleveland area were sold to Red Fitness 24/7, effective December 31, 2012. Some employees received termination notices the same day ballys fitness .

ballys fitness  The number of clubs still in the Bally chain continue to dwindle. For example, the Bally Total Fitness location in Danville, California ballys fitness  closed on June 22, 2012 and reopened as Danville Fit.