Groupe Énergie Cardio, NOI

Groupe Énergie Cardio, a group of companies which brand themselves as the largest network of franchised gyms in Québec, each filed NOIs on 30 January, citing the impacts of the pandemic and “budgetary and cash management reasons”.

19 gyms (14 franchise locations and five corporate locations) will remain open, while two “Pour elle” gyms located in Boucherville and east end Montreal have closed.

Raymond Chabot is the proposal trustee.

By: Dina Milivojevic