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High-end fitness chain Equinox is launching one of the most expensive gym memberships in the world — a $40,000-per-year program aimed at improving overall health and longevity.
Equinox Holdings, Inc. is an American luxury fitness company and health club headquartered in New York City, New York. The company operates more than 300 club facilities in major cities in the United States , as well as in London , Toronto , and Vancouver in Canada .
It all costs $3,000 a month, with a required six-month commitment—on top of the average $300 monthly base gym membership (which varies by market)—adding up to the $40,000 annual total.
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In 2016, Rice and Cutler stepped down from their roles as co-chief creative officers and sold their shares to Equinox for $90 million. [14] [8] [15] [16] As of 2016, Equinox owned 97% of the company. [16] In July 2015, SoulCycle filed to raise $100 million in an initial public offering at a valuation of around $900 million. The company paused ...
Town Sports International continued to charge member dues, resulting in widespread outrage. [ 11 ] On March 26, Mary Namorato filed suit against Town Sports International, alleging that the company was “defrauding and stealing from gym members” by continuing to charge the chain's approximately 605,000 members.
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Equinox International was a multi-level marketing company founded in 1991 and headed by Bill Gouldd. [1] In 1996, Equinox was listed #1 on Inc Magazine 's list of the 500 fastest-growing private companies in the United States.