On June 9, True Fitness Exchange Tower ceased operations to the shock of its members. In their website, the closure is due to ‘the businesses are no longer financially viable due to evolving market conditions.’
Chaos and threats of legal action ensued when a hand written note was posted by the door saying ‘True Fitness Today is Last day.’
A few members will be suing because they just paid to open a membership and some paid to extend up to five years. All members were denied a refund and will sue the company before the Lawyers Council of Thailand.
Personal Trainers were not paid their proper compensation for months. Some received only 30% of their salary and was denied of the commissions.
According to the Business Development Department, True Fitness in Thailand lost 49 million baht in 2015.
Last November 30, 2016, True Fitness CentralWorld branch unceremoniously closed down. There was no advance notice and True Fitness was selling memberships at that branch (and to that branch) as late as August, 2016, according to new members we spoke to. We can’t confirm when True Fitness stopped selling memberships at its CentralWorld branch. – See more at: http://bk.asia-city.com/city-living/news/true-fitness-centralworld-closure-leaves-members-stranded#sthash.cCRCykNu.dpuf