Club Industry:
After Anytime Fitness clubs closed unexpectedly in India, the Hastings, MN-based company cut ties with the master franchisee in that country.
The decision to end the agreement with Chandan Lunawat, chairman and managing director of Anytime India Fitness Private Limited, was made at the beginning of May, according to Anytime Fitness President and Co-Founder Dave Mortensen.
“We are extremely disappointed to learn of the recent closings of Anytime Fitness clubs in India,†Mortensen said in a statement. “This is an unfortunate development for the Indian fitness industry and for Anytime Fitness.â€
All four Anytime Fitness clubs in India have closed, but the company considers them temporarily closed as it seeks alternatives to reopen them. Those alternatives include an acquisition by another club company or the assumption of the leases by a new master franchisee, says Mark Daly, company spokesperson.