YogaWorks Information for Chapter, as Yoga Business “Delivered to Its Knees” by COVID-19

[ad_1]

YogaWorks, one of many largest yoga chains on the earth—with greater than 60 studios throughout the nation—filed for chapter on Tuesday, in line with a press launch. The Chapter 11 petition ordered the everlasting closure of all remaining YogaWorks brick-and-mortar studios in the USA because of the monetary burden of the continuing coronavirus pandemic, in line with the discharge.

iStock-184846221

“The COVID-19 pandemic has created unprecedented challenges for our business and enterprise, together with necessary studio closures and social distancing-imposed attendance restrictions even the place studios have been permitted to reopen,” YogaWorks CEO Brian Cooper stated in an announcement. The corporate will proceed its enterprise operations completely by means of its digital platforms, providing livestream and on-demand training and instruction, which incorporates greater than 40 YogaWorks Stay lessons each day and greater than 1,000 hours of pre-recorded periods and workshops, in addition to digital trainer trainings. YogaWorks’ digital operations have turned a revenue and proceed to show progress, in line with the assertion. 



[ad_2]

Leave a reply:

Your email address will not be published.

Site Footer

Sliding Sidebar

Categories

About Me

About Me

Social Profiles

Facebook