SINGAPORE – California Fitness has shut down, “until further notice”, all its outlets including the ones in Novena and Bugis, because its owner JV Fitness lacks the finances to keep them running.
This was announced just after midnight on Wednesday (July 20) by Tim Reid and Theresa Ng of Ferrier Hodgson, who have been appointed provisional liquidators of JV Fitness by the courts on Tuesday (July 19) .
This follows the abrupt closure of its downtown Republic Plaza branch on Saturday (July 16). All California Fitness outlets in Hong Kong also closed recently due to mounting debt.
The statement read: “J.V. Fitness does not have adequate liquid resources to continue its operations and therefore all outlets in Singapore will be closed from today until further notice. The Provisional Liquidators will quickly explore options that may be available to enable the business to operate but for time being, it is necessary to cease the operations of the fitness centres with immediate effect.”