VI Fitness files for bankruptcy

Workout locations across Greater Victoria closed permanently May 1

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.

“Despite the company’s best efforts, our business model was no longer sustainable due an increasingly competitive landscape,” the announcement says. “We 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.”

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.

“It just wasn’t viable and they couldn’t operate anymore,” Mainella said. “The owner was funding the losses of the company. They made a decision. They didn’t think they could turn it around and didn’t want to continue funding out of their own pocket.”

Updates will follow.


 

cvanreeuwyk@oakbaynews.com

Like us on Facebook and follow us on Twitter.

Just Posted

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

Man sentenced to six years for dangerous driving causing death of Ladysmith woman

Dustin Dennis Zinter had previously been found guilty after 2015 incident on Yellow Point Road

B.C. local elections: 14 key statements from the Ladysmith all candidates forum

Citizens flocked to Aggie Hall earlier this week to hear from seven… Continue reading

Ladysmith Ratepayers Association forms to bring voice to community

Meet and greet wth council candidates planned for Oct. 18 at Eagles Hall

Show skating career begins for Fuller Lake product

Robertson rehearsing in Florida for a Disney On Ice production

Naked man jumping into Toronto shark tank a ‘premeditated’ stunt: official

The man swam in a tank at Ripley’s Aquarium of Canada

Trump: Saudi king ‘firmly denies’ any role in Khashoggi mystery

Secretary of State Mike Pompeo is travelling to the Middle East to learn more about the fate of the Saudi national

Microsoft co-founder Paul Allen dies at 65

Allen died in Seattle from complications of non-Hodgkin’s lymphoma

Transport Canada to take new look at rules, research on school bus seatbelts

Canada doesn’t currently require seatbelts on school buses

Sockeye run in Shuswap expected to be close to 2014 numbers

Salute to the Sockeye on Adams River continues until Sunday, Oct. 21 at 4 p.m.

Michelle Mungall’s baby first in B.C. legislature chamber

B.C. energy minister praises support of staff, fellow MLAs

Canucks: Pettersson in concussion protocol, Beagle out with broken forearm

Head coach Travis Green called the hit ‘a dirty play’

5 tips for talking to your kids about cannabis

Health officials recommend sharing a harm reduction-related message.

NHL players say Canada’s legalization of marijuana won’t impact them

NHL players say the legalization of marijuana in Canada won’t change how they go about their business.

Most Read