Indoor Cycling Studio Cyc Goes Bankrupt, Adding to Fitness Woes

Indoor cycling studio chain Cyc Holdings LLC filed for bankruptcy after the coronavirus temporarily shut down its operations in cities across the U.S.

The fitness company’s Chapter 11 petition filed in Delaware late Wednesday will allow Cyc to get out of leases and pay back creditors while continuing to operate.

Cyc is the latest in a string of fitness companies to seek bankruptcy protection after struggling to coax back members following some easing of coronavirus shutdowns. It operated studios across major cities in the U.S. including New York and Los Angeles.

Zengo Fitness LLC, an affiliate of Cyc with ...