Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 17 January 2017
Revision date: 3-Mar-2017
Length: 10 pages
Data source: Published sources
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Abstract
By many measures the largest health-club chain in the United States in the early 2000s, in 2014 Bally Total Fitness sold most of its remaining fitness clubs to 24 Hour Fitness and disappeared from the industry top 100 rankings. After Bally was bedeviled by accounting fraud which indicated that it had never made a profit, several groups of investors tried to rescue the company, but their efforts were to no avail. It was an ignominious end.
Location:
Industry:
Size:
> 1 billion, large
Other setting(s):
1962-2016
Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 5 December 2016
Revision date: 22-May-2019
Length: 8 pages
Data source: Published sources
About
Abstract
By many measures the largest health-club chain in the United States in the early 2000s, in 2014 Bally Total Fitness sold most of its remaining fitness clubs to 24 Hour Fitness and disappeared from the industry top 100 rankings. After Bally was bedeviled by accounting fraud which indicated that it had never made a profit, several groups of investors tried to rescue the company, but their efforts were to no avail. It was an ignominious end.
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Location:
Industry:
Size:
> 1 billion, large
Other setting(s):
1962-2016
Related
Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 5 December 2016
Revision date: 22-May-2019
Length: 8 pages
Data source: Published sources