VI Fitness permanently closes all location after filing for bankruptcy
Some people trying to get in a workout were met with a surprise at their gym this morning.
VI Fitness Centres, who have gyms in Saanich, Central Saanich, Langford, and Oak Bay filed for bankruptcy on May 1. All their locations are now permanently closed.
A statement on the website said the company could no longer continue operating at a loss.
“Despite the company’s best efforts, our business model was no longer sustainable due an increasingly competitive landscape,” the VI Fitness website reads.
“We can no longer afford to keep the business operating at a loss. We sincerely regret the impact our closure will have on our members, employees and business partners, and truly appreciate their support over the years.”
Members, business partners and staff are directed to contact The Bowra Group, the Licensed Insolvency Trustee, a Vancouver-based financial advisor for more information on the bankruptcy process.