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VI Fitness files for bankruptcy

Workout locations across Greater Victoria closed permanently May 1
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According to the company website, VI Fitness Centres Inc. filed for bankruptcy May 1 and permanently closed all its locations.

There are multiple across Greater Victoria.

B次元官网网址淒espite the companyB次元官网网址檚 best efforts, our business model was no longer sustainable due an increasingly competitive landscape,B次元官网网址 the announcement says. B次元官网网址淲e 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.B次元官网网址

The website then refers patrons to contact the Bowra Group, an accounting firm in Vancouver and Edmonton.

Mario Mainella is a senior vice president at the Vancouver firm and one of the members involved in the VI Fitness file.

B次元官网网址淚t just wasnB次元官网网址檛 viable and they couldnB次元官网网址檛 operate anymore,B次元官网网址 Mainella said. B次元官网网址淭he owner was funding the losses of the company. They made a decision. They didnB次元官网网址檛 think they could turn it around and didnB次元官网网址檛 want to continue funding out of their own pocket.B次元官网网址

Updates will follow.


 
cvanreeuwyk@oakbaynews.com

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