Gold’s Gym International, Irving, Texas, is set to be acquired by RSG Group GmbH, a fitness brand operator in Europe, Germany, according to a media release from RSG Group.
Gold’s Gym International, which filed for Chapter 11 restructuring on May 4, was auctioned off in a court-approved auction process on July 13 for $100 million to RSG Group, which is headquartered in Berlin, Germany. The purchase is subject to final approval from the bankruptcy court. Approval is expected on July 24.