Bankruptcy application for Yellow Zebra Fitness GmbH: worries about local studios

Bankruptcy application for Yellow Zebra Fitness GmbH: worries about local studios

A new setback for the fitness industry: Yellow Zebra Fitness GmbH applied for bankruptcy proceedings to the responsible court in Linz. This is an alarming message that the members and employees of the studios concerned are excited.

The fitness chain runs a total of six studios, which under the name M.A.N.D.U. company. These are not only in Linz, but also in Pasching, Krems and Salzburg. Such a procedure means that the company is insolvent and may not be able to fulfill its financial obligations.

causes of bankruptcy

The application for bankruptcy comes at a time when many companies in the fitness industry are fighting with declining membership numbers and a saturated market. Especially since the Covid 19 pandemic, numerous operators have to struggle with a drastic decline in income. Yellow Zebra Fitness GmbH does not seem to escape from these economic development difficulties.

It remains to be seen which further steps the company will take to cope with the situation. The membership rights of customers and the employment of the employees are now on the brink. The uncertainties regarding finances and possible repayments are a big topic for many.

For further information on the background of this bankruptcy and the effects on the studios concerned, see the current report www.heute.at .